Please check out CalWatchDog.com’s Special Series on Municipal Bankruptcy. More to come. So far: Broke municipalities look to bankruptcy option Bankruptcy didn’t make the sky fall in Orange County Local governments face bankruptcy quandary Bond holders seek governmental Ttansparency ...
Budget and FinanceCheck out our Special Series on BankruptcyThursday, April 12th, 2012Left wing challenges Jerry Brown’s tax boostThursday, April 12th, 2012 April 12, 2012 By John Seiler Our friend Ben Boychuk of City Journal California writes an incisive analysis of how Gov. Jerry Brown's $9 billion tax increase initiative is being challenged -- by a $10 billion tax increase from his Left. Ben: Jerry Brown wants Californians to believe that the ... Controller: California revenues lagWednesday, April 11th, 2012April 11, 2012 By John Seiler Rosy Scenario just checked out of the Hotel California. As Chriss Street reported here a month ago, California's revenues have been plunging. Controller John Chiang just confirmed that in this announcement from his office: SACRAMENTO -- State Controller Joh... L.A. on a deathride to bankruptcyMonday, April 9th, 2012April 9, 2012 By John Seiler City of Angels. City of Dreams. City with a "Holy wood." City that's Tinseltown. City driving off a bankruptcy cliff. Los Angeles and the state of California are racing in a Chicken Run like the one in "Rebel Without a Cause." One is going off the cliff first... In Case You’re Wondering What’s Going to Happen to You…Friday, March 30th, 2012John Seiler: It really doesn't matter who wins the presidency this fall, or the governorship whenever. Both Republicans and Democrats have made a hash of things. The federal government is $15 trillion in debt. And the California state government is $1 trillion in debt. Sen. Alan Simpson exp... Tax and Spend, Tax and SpendTuesday, March 27th, 2012John Seiler: Shouldn't frugality be the order of the day? The state faces a $20 budget deficit and Gov. Jerry Brown is pushing a $9 billion tax increase. Not for our Legislature! For them, the tax increases exist to waste even more money. It's the same old "tax and spend, tax and spend, tax an... Brown’s Tax Canoe Headed For Water FallFriday, March 23rd, 2012MARCH 23, 2012 By WAYNE LUSVARDI California Gov. Jerry Brown likens himself to a canoeist who paddles a little to the Left then a little to the Right. Lately, he has been paddling Left with labor unions to propose a new $9 billion tax increase that supposedly will plug an estimated $7 billio... Breton’s Embarrassing Suck UpThursday, March 22nd, 2012Steven Greenhut: No one would expect Sacramento Bee columnist Marcos Breton to take on a tough issue or defy conventional wisdom, but his March 21 bouquet to Mayor Kevin Johnson was uncomfortably embarrassing even by his standards. It's rare to find a journalist whose groveling includes anything thi... ‘Anti-tax Demagogues’ Smashing CA?Monday, March 19th, 2012John Seiler: Los Angeles Times columnist George Skelton is worth reading because he's almost always wrong. His latest column blames "anti-tax demagogues" for California's disastrous condition. How about, instead, a string of incompetent governors who refused to discipline the Legislature's spe... Bob Dutton Loves Big Government, Eminent Domain and Debt SpendingThursday, March 8th, 2012Steven Greenhut: Sen. Bob Dutton, R-Rancho Cucamonga, epitomizes why the state's Republican Party is going the way of the dinosaur. Now that redevelopment agencies are dead, Dutton is looking for a way to revive these eminent-domain-abusing, debt-spending, tax wastrels through a devious bill, SB 986... |