by: Vicki Batts
Tuesday, September 04, 2018
Gavin Newsom is running for Governor in California, and he’s already bragging about his plans to drive the state into financial oblivion. The gubernatorial candidate just announced his plans to launch a universal healthcare program for illegal immigrants state-wide. In any other state, such an idea might send would-be voters running for the hills, but on the Left Coast, it seems anything goes.
In an interview on Pod Save America, Newsom recalled his time as the Mayor of San Francisco, a once-beautiful city that now more closely resembles a poorly kept port-a-potty. The current state of SF is nothing to write home about, but Newsom would like to expand the city’s universal healthcare policy state-wide.
“The only way in a state whose population’s larger than 163 nations — California’s economy is larger than all but four nations, the fifth largest economy — to approximate a strategy for universal health care is with the support and concurrence of the governor, and that’s frankly — it’s not an indictment — it’s just what’s been missing in the past,” Newsom contended.
“I did universal health care when I was mayor, fully implemented regardless pre-existing condition, ability to pay and regardless of your immigration status. San Francisco is the only universal health-care plan for all undocumented residents in America, very proud of that, and we proved it can be done without bankrupting in the city. I’d like to see that we can extend that to the rest of the state,” he added.
California is a financial sinkhole
Whether or not the city was “bankrupted” is still up for debate. According to a March 2018 report, San Francisco is $10 billion in debt — not exactly the shining beacon of financial stability that Newsom makes it out to be. The trend of rising debts in SF is not new; in 2016, Truth in Accounting reported that the city was $16,400 in debt per taxpayer.
“When ranked amongst the 20 most populous cities in the U.S., San Francisco has the fifth worst taxpayer burden,” the organization reports further.
Sheila Weinberg, Founder and CEO of Truth in Accounting, commented, “If San Francisco doesn’t recognize its alarming entitlement obligations then the burden will be passed on to taxpayers. Our analysis of the city’s financial reports indicate that the city continues to hide $509 million in pension debt despite the new accounting rule.”
State Data Lab confirmed the “sinkhole” status of San Francisco earlier this year when the 2016 financial data for the city was released. The estimates indicate San Francisco taxpayers would need to pay the city $27,500 each to erase the city’s mounting debt. Worse, the report indicates that the city is hiding its debts by using outdated pension data and “obscuring” healthcare liabilities.
In addition to crushing debt, the city streets are filled with human waste. All told, the San Francisco of today is not a pretty picture.
And Newsom would like to expand this to the rest of the state?
Illegal immigration is already costly