let’s try an example: California in 2014
The official Wall of Debt vastly understates the actual magnitude of the state’s debt. The actual wall is $443 billion. The complete wall builds upon the smaller official one and includes the following: retirement benefit debt, bond debt, deferred infrastructure maintenance, deferred payments, federal unemployment funds, and interfund borrowing.
The state has largely foregone infrastructure maintenance over the last half-decade, and as a result, California now requires an estimated $64.6 billion in maintenance costs to restore the quality of its infrastructure. Officially, the state’s unfunded public pension and retiree healthcare liabilities total $218.6 billion. Additionally, the state’s outstanding general obligation bonds ($81.1 billion), unissued bonds ($30 billion) and lease revenue bonds ($11.3 billion) total $122.4 billion.
Finally, California borrowed $10 billion from the federal government to fund the state’s unemployment insurance fund. Of that $10 billion, the state currently owes the federal government an outstanding $8.8 billion.
Let’s do a little math: $10,000,000,000 divided by 40K Army layoffs
that equals = each layoff would be worth $250,000
but I’m guessing that the pro-military voters are not on the “correct” team
yet, that’s the voting team funding CA state’s unemployment insurance fund
Source CA budget text here