Is California Budget Deficit a Hoax?

“… I strongly recommend that you both take the few moments it takes to look for yourself at pages 234-235 of the CA CAFR and page 63 of the L.A. County CAFR to see these colossal cash and investment accounts for yourself. You’ll find $409 billion in that one state account, and $66 billion in one county account. Because we’re also considering $8 trillion in the state’s various ~14,000 government CAFRs, the L.A. County example is powerful evidence for comprehensive consideration.”

http://www.washingtonsblog.com/2012/06/cafr-8-trillion-update-senator-liu-assemblyperson-portantino-so-far-silent.html

Surely this claim can be confirmed or refuted simply by asking the state auditor to testify under oath?

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