Commentary The US Treasury Department may have to take back some $1.4 billion to $4 billion in funds allocated to help California (including its cities and counties) with paying overdue rent and utility bills. According to analysis conducted for The Epoch Times of data released by the US Treasury, only a small percentage of moneys allocated to California has been allocated to people late on their rent and utility bills. This very unfortunate news comes after recent data shows that some 10.5 percent of all California residents live within homes where the lead tenant or mortgage borrower says they are “not at all confident” they can make their next rent or mortgage payment, as property prices in the region continue to show dramatic price gains through June—pricing more and more people out of the home purchase market. The State of California was one of the entities that participated late last …