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Varney: California Reminds Me of Greece

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  • Description

    FBN’s Stuart Varney sounds off on the government spending problems in the Golden State.

  • Duration 1:35
  • Date

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You know I really hate to say -- because I spent many productive years that but California reminds me of Greece -- right terrible thing to -- though it.

But pretty accurate.

From the richest most dynamic place on the planet -- chaos in a generation.

That is California.

Here's my take on the death of the entitlement state.

I lived in the Bay Area from seven -- six to 198 got my stock in TV that.

Fantastic place to live sunny weather confident people expanding cutting edge business.

Fast forward do today.

Governor Brown in a YouTube video says the State's deficit has gone up seven billion dollars in five months.

They are paying out mall taking in -- much less he has no plan to reform the payouts that's the entitlements.

And he wants more taxes which will drive out more business and productive people and -- -- California vote is all likely to approve.

They'll do anything to keep the bankrupt entitlement state -- in just a few more months.

His -- Europe comes it.

Is -- what exactly what to French is not exactly.

What French and Greek focused vote does have just said we want the goodies keep them coming.

And that somebody else -- That's why I have this sense of unease.

And payable debt all over the world.

An entitlement mentality that never goes away and a financial crunch that is up honest -- the -- now California.

Is just a little late.

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