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The Ghost of Groucho
ghostofgroucho.bsky.social
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If California QUIT sending its Federal Taxes to the IRS, the U.S. Treasury would lose about 13–15% of its annual revenue.
That’s enormous.
The deficit would balloon instantly. You’d see turmoil in bond markets, ratings downgrades, and possibly a debt crisis if prolonged.
2025-08-26T16:11:38.708Z