Budget and Finance

Good 1% vs. bad 1%
Monday, May 21st, 2012

YouTubes like this give me hope that young folks are figuring out what's going on. After all, they're the ones on the hook for the $16 trillion federal debt, $1 trillion in their own college debt and numerous other debts. And Social Security and Medicare will be broke long before they even turn 40. ...

They just don’t get it…
Wednesday, May 16th, 2012

May 16, 2012 By John Seiler "Humankind cannot bear very much reality," said T.S. Eliot. Nowdays, of course, American university professors brand him a "sexist" because he didn't say "peoplekind." "Human" implies "man," which excludes "woman," and so is sexist. But he sure was right about Ca...

Walter Russell Mead calls Calif. a ‘failed state’
Tuesday, May 15th, 2012
Whale on beach

May 15, 2012 By John Seiler One centrist Democrat I've read for years is Walter Russell Mead. He writes the Via Meadea blog for the American Interest. The name is a pun on several levels: his name, mead the beverage, media and via media, Latin for "middle of the road." So he practically define...

Former CA Assemblyman Chuck DeVore gives inside scoop on state budget deficit
Monday, May 14th, 2012

Brown’s budget video address
Monday, May 14th, 2012

The following video address was given by Gov. Jerry Brown to explain his new budget and call for tax increases. Note that he says the second budget from last year, the one he signed, was an improvement in ending budget deficits. But it still was unbalanced by at least $4 billion!

May Revise budget stories coming soon…
Monday, May 14th, 2012

We're working on stories on the May Revise of the govenor's budget and they'll be up soon.

Greece suffers California’s future
Tuesday, May 1st, 2012
Student Debt

May 1, 2012 By John Seiler Greece is leading the way for California -- off a cliff. The two polities are similar: beautiful mediterranean climate, creative people, massively powerful government-worker unions, busted budgets, impending bankruptcy. Greece is just a little ahead of California. T...

Brown gets religion on tax increases
Monday, April 30th, 2012
Church and state street sign

April 30, 2012 By John Seiler Hey, I thought we had "separation of state" in America? Even though it's not exactly in the Constitution, but imposed by court rulings. Anyway, Gov. Jerry Brown has been campaigning in churches for his tax increases. "We've got to take this message to the scho...

Brown, Skelton should ‘man up’ on unions
Thursday, April 19th, 2012

April 19, 2012 By John Seiler Gov. Jerry Brown said the state Legislature should "man up" in making budget cuts to end a budget deficit he now pegs at $9 billion. It was an echo of Gov. Arnold Schwarzenegger attacking legislators as "girly men" for not passing his budget. Say, isn't that po...

Johnny Cash sings the tax blues
Monday, April 16th, 2012

April 16, 2012 By John Seiler Tomorrow is Tax Day. It's April 17, this year, so the government gives us two more days than usual before it skins us alive. Government is nothing bug a gang of thieves backed by media propagandists. Here's the great Man in Black singing about taxes: