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Gavin Newsom: “We're running budget surpluses.”

Featuring: Gavin Newsom, Democratic | Governor of California

In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance

Published March 26, 2025 | Video Starts at 45:44

But with that in mind, I get the speed and the scale, but I also want to make a case. Look, this is a state where we're gaining population again. We're running budget surpluses. We dominate in every innovative category. You talk about the future of abundance in the context of invention and deployment. That's California. 18% of the world's R and D is in this state. (45:44–45:47)

CLAIM

Asserts that California is currently running budget surpluses.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Gavin Newsom

“There's some, you know, we had population growth the last two years, by the way, in December, they updated all the census numbers. It grew…”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 34:18-34:27
“We had the i10 which we got done in eight days.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 40:30-40:33
“18% of the world's R and D is in this state.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 45:57-46:01
“Only two countries have more R and D and that's Germany and China.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 46:02-46:07
“This is a state with 41% more manufacturing output than the state that tends to get a lot of credit in Texas.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 46:07-46:16
“Texas, by the way, takes $71.1 billion of federal money from taxpayers. We give $83.1 billion.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 46:15-46:24
“Half of the unicorn companies in the country are in California.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 46:27-46:31
“16 states tax their poorest residents more than we tax our top 1%.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 47:13-47:20
“If you can build a sports stadium with these new rules and fast track a judicial process... it should work for homelessness, it should work…”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 05:27-05:44
“I announced that day an effort to sue up to 47 cities.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 05:43-05:49
“We started with one, Huntington Beach, California.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 05:48-05:52
“In the state of California. We're simply not building enough housing.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 06:05-08:22
“Here is the legally binding goal, 2.5 million units by 2030.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 09:21-09:27
“We've taken 800 actions, that's why we've unlocked 7,500 units and that's why we have advanced 42 CEQA reforms.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 10:01-10:11
“I don't think there's been a more YIMBY governor in California's history.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 11:15-11:18
“We are, as a state, finally intervening in ways the state has never intervened in the past.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 14:02-14:08
“775,000 manufacturing jobs, just the job growth generally.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 17:02-17:07
“The fact that Chips and Science act is producing real results as it relates to private sector investment.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 17:14-17:20
“We finally have an industrial policy that is worker centric.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 17:20-17:24
“I have been as critical or more than you have about [high speed rail].”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 17:49-17:54
“The original vision [for high-speed rail] was not Obama. It wasn't even necessarily Jerry Brown.”
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“Arnold Schwarzenegger, Republican, puts a bond on the ballot in 2008 and the voters approve it.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 21:35-21:42
“There was a lot of promotion of promise, $33.6 billion, two hours and 20 minutes downtown by 2020.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 21:42-21:50
“There's scarcity of resources, there's an abundance of delay, there's an abundance of cost overruns.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 22:00-22:07
“The Central Valley...was stipulated as a requirement under the Obama grant, the $3 billion.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 22:24-22:31
“The entire environmental clearance is now 100% done. L A to San Francisco.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 22:51-22:57
“We're just announced, we're doing railhead, we're finally laying the tracks.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 23:05-23:10
“Governor Ronald Reagan established the California Air Resources Board.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 25:18-25:23
“Richard Nixon affording California a waiver so that we can address the unique air quality concerns.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 25:29-25:37
“I have a 270 day judicial review process that we pushed, we worked it for its first use case was the first above ground storage facility in…”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 31:43-31:54
“The second quite literally a week ago for 300 megawatt solar, large scale solar facility which we are testing it, hardly perfect, but that…”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 31:58-32:18
“We did full electrification of Caltran. $714 million, 51 miles. We got all the environmental work done.”
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“We're finally getting that first 119 miles done. We'll get to 171.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 35:03-35:08
“It's a $6.5 billion gap. We have a strategy to address that.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 35:07-35:12
“A lot of innovation happened during COVID, including on land use.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 40:14-40:18
“We did something called home key, room key. We changed land use and CEQA.”
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“We brought in Jen Polka from Code for America to bring in a private sector version.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 41:43-41:49
“We inherited these old Cobalt systems that you highlight from 1959 and these IBM mainframes from the 1980s.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 41:56-42:04
“This is a state where we're gaining population again.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 45:41-45:45
“The numbers [of homelessness] through the roof across the rest of the country stabilized. Here in California, the housing crisis not unique…”
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“40% of our residents pay lower taxes than in Florida and Texas.”
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“80% of our residents pay slightly above average taxes.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 47:23-47:28
“This notion that everyone's leaving is complete bs.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 47:31-47:34
“We're going to get the damn thing [high-speed rail] done.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 48:00-48:00
“The affordability issue is the core of 90% of California's real and structural problems.”
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“We've 13.4 billion dollars of which 10.8 from the state and 2.6 from the [federal government].”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 51:56-52:02
“There's currently our estimates and this plus or minus. And yeah, this is a moving target, about $6.5 billion that we, based upon what we…”
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“The idea is to get it in these density and population corridors, which is the point you make in the critique, and get to Fresno, for…”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 52:53-53:08
“You have the existing infrastructure in place. That's about an hour. You get into Palmdale. Now you're connecting with the new Bright Line…”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 53:07-53:22
“I just wrote I inherited this [high-speed rail project].”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 53:47-53:50
“We're looking at train sets that have interoperability not just with Brightline, but a high desert corridor. So you have two private sector…”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 54:14-54:26
“There's not a high speed railing system that's not enjoying some popularity and success. Most at least are wildly popular.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 55:10-55:17
“It was a requirement, federal requirement for federal dollars [to start the high-speed rail in the Central Valley].”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 56:06-56:10
“We're finally starting to see the fruits of that vision [of participatory governance models].”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 1:03:54-1:03:58
“Engaged California, our new procurement platforms, the work that Jen Polka helped seed in the reforms we're doing as it relates to large…”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 1:04:01-1:04:11
“If I have another press conference about how much money we're spending on homelessness, they're going to take my head off.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 1:04:43-1:04:48
“They want more housing so that the cost of that housing goes down because there's more supply.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 1:04:52-1:04:58
“Tesla would not exist had it not been for the regulatory environment of California.”
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“One of the great federal subsidies.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 1:08:24-1:08:27
“Principle that you lay out as it relates to DARPA and which gave us gps, gave us the self driving car he's now promoting that gave us so…”
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“Only state that does that regardless of ability to pay and pre existing conditions and immigration.”
In-Studio Discussion with Ezra Klein and Gavin Newsom on 'Abundance' and Democratic Governance | Uploaded March 26, 2025 | 1:09:12-1:09:18
“California went from the seventh largest economy to the sixth largest economy in the world.”
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