"We're number one in job creation" (Newsom @ 1:10 in the video).
This statement may be true for the public sector only.
"80 plus billion dollar surplus" (Newsom @1:41 in the video).
This statement cannot be true when the State of California has a debt of $2 to $3 trillion accrued mostly in unfunded liabilities of salaries and pensions for public employees.
Such a fact accounts for the highest taxation in the nation. For example, the California state citizen pays the highest gas prices in the nation to subsidize the mid five digit salary—$50,000 and above— of public transportation drivers operating empty buses, metro rails, et cetera for most of the business day. The public sector runs "in the red" or at a loss in revenue. The public sector in the State of California exemplify the Welfare Elite of the United States.
"We're number one in job creation" (Newsom @ 1:10 in the video).
"80 plus billion dollar surplus" (Newsom @1:41 in the video).
Such a fact accounts for the highest taxation in the nation. For example, the California state citizen pays the highest gas prices in the nation to subsidize the mid five digit salary—$50,000 and above— of public transportation drivers operating empty buses, metro rails, et cetera for most of the business day. The public sector runs "in the red" or at a loss in revenue. The public sector in the State of California exemplify the Welfare Elite of the United States.