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California functionally bankrupt

March 26, 2026Molly O’Shea, david friedberg, Chamath Palihapitiya

David Friedberg says California is functionally bankrupt and demands accountability for missing public funds, including high speed rail spending. Chamath Palihapitiya and Molly O’Shea echo the warning and frame it as a national risk.

California is functionally bankrupt
"Where the hell did the money go?"
Where'd the $14 billion go that went into high speed rail project?
A California bankruptcy will wash over to all the states
Molly O’Shea
david friedberg
Chamath Palihapitiya
politicseconomyaccountability

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