EPISODE · May 30, 2026 · 9 MIN
Why US State Budgets Are Required to Balance
from Government Spending with Fexingo: Budget, Deficits, and Public Finance Explained · host Fexingo
Most Americans assume the federal government could learn from state-level budget discipline. But the truth is weirder: 49 states have balanced-budget requirements, yet many still run deficits, defer payments, or use accounting gimmicks. Lucas and Luna drill into the specific case of California's 2026 budget gap, explain how the 'balanced budget' rule actually works (and doesn't), and explore whether a federal balanced-budget amendment would even fix the debt problem. The episode closes with the disturbing fact that state balanced-budget rules often force cuts during recessions, making the economy worse. Specific, skeptical, non-partisan. #StateBudgets #BalancedBudget #FiscalPolicy #CaliforniaBudget #GovernmentFinance #Economics #FexingoBusiness #BusinessPodcast #PublicDebt #DeficitSpending #BudgetRules #Recession #Austerity #StateDebt #PensionLiabilities #GASB #RainyDayFund #FiscalConservatism Keep every episode free: buymeacoffee.com/fexingo
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Why US State Budgets Are Required to Balance
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