Detailed text transcripts for TV channel - FOXNEWS - 20121119:12:50:00
>> steve: i get why the students voted for it, 'cause they got some stuff. and we all love free stuff. john, you say california really a ticking time bomb. we're short on time. you still have $200 billion of pension unfunded liabilities out there. >> yes. unfunded pension liabilities and total debt, including general obligation, bonds, revenue bonds, about a trillion dollars. i mean, that's like a federal number. that's loft zeros. so california is still in a world of hurt economically and we're hopeful that people will wake up. if not, we will see significant loss of business and high income ...
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