California’s Bond Debt Drop Masks Deeper Problems

California’s bond debt dropped 18% in 2026, hitting its lowest level since 2017—but economist Wayne Winegarden warns this doesn’t signal fiscal health. He argues the state’s real problems lie in ballooning unemployment insurance and pension liabilities, especially as AI-driven inflation skews debt figures. Winegarden urges lawmakers to curb spending and prioritize debt reduction, calling current infrastructure investments a waste given California’s crumbling roads and highways. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ec617f1e0445b966