California's $500 Billion Long Term Debt - New York News

Point of View

California's $500 Billion Long Term Debt

Kevin Hale, VP/General Manager FOX 11 News Kevin Hale, VP/General Manager FOX 11 News

When Governor Brown convinced voters last November to give themselves a $50 billion dollar tax increase, he claimed it was just temporary.

Well, in my opinion -- I don't think it will be "temporary."  

Unless something changes, the amount of long term debt that California is facing -- means that we are going to be taxed again and again and again. 

I'd like to hear your Point of View. Send me an email at POV@fox11.com

Long term debt by the way that Governor Brown is currently doing nothing to resolve. A staggering debt that stands at an estimated $500 billion dollars.

Where is all this debt coming from? Well it's primarily coming from two areas: Government pensions and government workers healthcare benefits -- which alone total approximately $360 billion in long term debt.

So what does this all mean? Well, the money for basic state responsibilities such as maintaining infrastructure, building highways, and providing for our children's education will be squeezed out -- just to pay the long term debt service. And for you and me, more than likely – increased taxes.

Governor Brown: Instead of patting yourself on the back for balancing the budget by increasing taxes by $50 billion, start doing more about government spending. Take a look at meaningful pension and health care reform. Figure out a less expensive way to house California's prisoners. And drop the high speed rail plan. You fought hard for the $50 billion dollar tax increase. Now fight just as hard to reduce that $500 billion of long term debt.

Thanks for listening.

What do you think? We want to hear from you on this P.O.V. segment. Share your thoughts in the comments section below or email me directly at POV@fox11.com.

Kevin Hale,
Vice President and General Manager
KTTV-TV, FOX 11 News

The views expressed are not necessarily those of the station or its employees.

  • FeaturesMore>>

  • Midday Sunday With Tony Valdez

    Autism Speaks

    Autism Speaks

    Sunday, April 20 2014 12:00 PM EDT2014-04-20 16:00:11 GMT
    Matt Asner visits Tony Valdez and Midday Sunday today to talk about Autism Speaks. Autism Speaks was founded in February 2005 by Bob and Suzanne Wright, grandparents of a child with autism.
    Matt Asner visits Tony Valdez and Midday Sunday today to talk about Autism Speaks. Autism Speaks was founded in February 2005 by Bob and Suzanne Wright, grandparents of a child with autism.
  • By: Meteorologist Pablo Pereira

    How'd He Shoot That? FOX 11 Viewer Shares Easy Tips on Capturing Lunar Events

    How'd He Shoot That? FOX 11 Viewer Shares Easy Tips on Capturing Lunar Events

    Friday, April 18 2014 12:02 AM EDT2014-04-18 04:02:26 GMT
    The recent 'Blood Moon' total lunar eclipse was an amazing stargazer event. But FOX 11 Viewer Michael Udelson took a picture that blew me away. So I asked him for some Photography tips on these events.
    The recent 'Blood Moon' total lunar eclipse was an amazing stargazer event. But FOX 11 Viewer Michael Udelson took a picture that blew me away. So I asked him for some Photography tips on shooting the moon and lunar eclipses.
  • Wednesday's Child

    Luis Plans On Getting A Ph.D In A Loving Family

    Luis Plans On Getting A Ph.D In A Loving Family

    Thursday, April 17 2014 1:00 AM EDT2014-04-17 05:00:11 GMT
    Most young teenagers dream of being a professional athlete or a rap/pop music superstar. And while Luis (2000) is athletic and likes music, the unusual twist to Luis' story is that he has his sights on...
    Most young teenagers dream of being a professional athlete or a rap/pop music superstar. And while Luis (2000) is athletic and likes music, the unusual twist to Luis' story is that he has his sights on...
  • Local NewsLocal NewsMore>>

  • Cops: 73-year-old man shoots neighbor in dispute

    Cops: 73-year-old man shoots neighbor in dispute

    Monday, April 21 2014 7:37 AM EDT2014-04-21 11:37:28 GMT
    A 73-year-old Connecticut man will be appearing before a state judge after being charged with shooting his neighbor three times during an argument on Easter morning.
    A 73-year-old Connecticut man will be appearing before a state judge after being charged with shooting his neighbor three times during an argument on Easter morning.
  • Brand names in NY standardized tests vex parents

    Brand names in NY standardized tests vex parents

    Monday, April 21 2014 6:43 AM EDT2014-04-21 10:43:41 GMT
    "Just Do It" has been a familiar Nike slogan for years, but now parents are wondering what it was doing on some of New York's Common Core standardized English tests.
    "Just Do It" has been a familiar Nike slogan for years, but now parents are wondering what it was doing on some of New York's Common Core standardized English tests.
  • Skydiver dies after crashing into NJ backyard

    Skydiver dies after crashing into NJ backyard

    Monday, April 21 2014 6:10 AM EDT2014-04-21 10:10:41 GMT
    New Jersey NewsNew Jersey News
    A 49-year-old sky diver from Brooklyn died after crashing into the backyard of a home in New Jersey. According to officials, Arkady Shenker wore a specialized parachute during the jump. Shenker was known to be an experienced skydiver who had more than 300 jumps under his belt.
    A 49-year-old sky diver from Brooklyn died after crashing into the backyard of a home in New Jersey. According to officials, Arkady Shenker wore a specialized parachute during the jump. Shenker was known to be an experienced skydiver who had more than 300 jumps under his belt.
  • FOX 11 News Editorial VideoPoint Of ViewMore>>

  • Point of View

    New Business: Texas vs California

    New Business: Texas vs California

    Friday, April 11 2014 10:59 AM EDT2014-04-11 14:59:12 GMT
    The backbone of California's economy has always been the businesses who call our state "home."
    The backbone of California's economy has always been the businesses who call our state "home." KTTV Vice President and General Manager Kevin Hale looks at a very real threat that could lure these companies away, in this POV.
  • Point of View

    Term Limits Revisited

    Term Limits Revisited

    Thursday, March 27 2014 8:31 PM EDT2014-03-28 00:31:41 GMT
    Is there a solution for the gridlock in Washington D-C? Some say there's a simple solution to the problem. KTTV Vice President and General Manager Kevin Hale looks the new call for Term Limits, in this POV.
    Is there a solution for the gridlock in Washington D-C? Some say there's a simple solution to the problem. KTTV Vice President and General Manager Kevin Hale looks the new call for Term Limits, in this POV.
  • Point of View

    Favoring Fish over People (Drought Relief)

    Favoring Fish over People (Drought Relief)

    Monday, March 10 2014 10:51 AM EDT2014-03-10 14:51:33 GMT
    Drought-Stricken Central California is at the center of a political battle. KTTV Vice President and General Manager Kevin Hale looks at why "a fish" is causing so much controversy, in this POV.
    Drought-Stricken Central California is at the center of a political battle. KTTV Vice President and General Manager Kevin Hale looks at why "a fish" is causing so much controversy, in this POV.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices