Budget and Finance

NEW: CA Gov. Workers Best Paid in USA
Tuesday, February 7th, 2012

John Seiler: Of all the 50 states, California's government workers make the highest pay, averaging $5,774 a month in March 2010, according to U.S. Census data. That works out to $69,288 a year. Local government workers in Washington, D.C., made a little more, at $5,990. But D.C. gets vast fund...

Big Savings With Part-Time Leg.
Monday, January 23rd, 2012
170px-Seal_of_California.svg

Katy Grimes: Limiting the Legislature to only 95 days each year and $18,000 per year salaries would save the state tens of millions of dollars per year, according to a new report by the state's Legislative Analyst's Office. Currently the full-time Legislature costs the state $256 million annu...

Biased Title for Jerry’s Tax Initiative
Wednesday, January 18th, 2012

John Seiler: Get a load of this title AG Kamala Harris gave Gov. Jerry Brown's $7 billion tax-hike initiative: "TEMPORARY TAXES TO FUND EDUCATION. GUARANTEED LOCAL PUBLIC SAFETY FUNDING." That should trick a couple hundred California voters into voting for the Dear Leader's unneeded tax grab, ...

Know Your ‘Rich’ Economic History
Tuesday, January 17th, 2012
220px-Official_portrait_of_Barack_Obama

Katy Grimes: In order to fully comprehend how California residents will be impacted even more by Democrats in the near future, we need to look at the economic condition of the entire country, and put our economic history into context. Under the policies of President Barack Obama, America has s...

Fact-Check The Budget
Tuesday, January 10th, 2012

Steven Greenhut: The Republicans are doing something useful for a change. Here's a statement from Assemblyman Jim Nielsen: Assemblyman Jim Nielsen (R-Gerber) announced today that in order to better inform Californians about how their tax dollars are being spent by the government, Assembly Republi...

Why Jerry Will Kill High-Speed Rail
Tuesday, January 10th, 2012

John Seiler: It's High-Speed Rail fanatic Jerry Brown who himself will kill the California High-Speed Rail Authority. The reason: His first priority this year is passing his $7 billion tax increase ( which might only bring in $4.8 billion, according to the Legislative Analyst). Or some equival...

Why Not Use Last Year’s Budget?
Tuesday, January 10th, 2012
Accounting-for-Dummies

John Seiler: Is California sliding into the Pacific Ocean? Are there riots in the streets? Are Californians starving to death? None of the above. Then the solution to the state budget problem is simple: Just rinse and repeat the fiscal 2011-12 state budget, which ends June 30, for the follo...

Brown’s Budget Doesn’t Add Up
Monday, January 9th, 2012

Katy Grimes: After Gov. Jerry Brown's budget proposal was released last week, I started doing some math. Brown 's estimate of a $92.6 billion annual state budget just wasn't adding up for me. Since I went to school before new math was taught, I got out my calculator and using old, traditional mat...

Chart Shows Jobs Stagnation
Saturday, January 7th, 2012
Jobs by Decade, chart of the Day, Jan. 7, 2012

John Seiler: One thing I keep blogging about is that the U.S. economy really has not grown in about 13 years. For example, there's been no growth in median incomes in California. A new chart, below, shows there's been no net jobs creation at all in the United States the past 13 years. No won...

U.S., CA Debt Explained in 3 min.
Saturday, January 7th, 2012

John Seiler: The following 3 minute video explains what's wrong with government debt. It specifically concerns the federal debt of $15.2 trillion (the number has gone up since the video). But it also applies to California's $500 billion debt for government-worker pensions. Where's all that...