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Back to homepageWhat if the economy crashes more?
As I mentioned in yesterday’s analysis of Arnold’s May Revise of his budget proposal, he expects America, and California, to enjoy a modest economic recovery. I also noted that his rosy scenario might not happen — that the economy might
Read MoreMish: Budget avoids structural reform
From Mish’s Global Economic Trend Analysis blog (his posts are crossposted with permission): Tonight, with much fanfare, Schwarzenegger released his proposal to fix California’s $19 billion budget deficit. It was a huge disappointment. Schwarzenegger had a golden opportunity to propose
Read MoreDems deride governor's budget
With the news from Gov. Arnold Schwarzenegger today that he proposes to eliminate the CalWORKs program, reduce funding for local mental health services and increase co-pays for low-income families in the Health Families program, Senate Pro Tem President Darrell Steinberg,
Read MoreLA cop commission protects bad cops
Apparently, despite oversight commissions, the public still gets little information about the way police officers use and abuse the enormous powers at their ready. From today’s LA Times: The Los Angeles Police Commission has failed to publicly disclose its findings
Read MoreGetting An Earful From CARA
It’s interesting what one can learn just by listening. Today, while waiting outside a committee hearing room at the capitol, I met and got into a discussion with two members of the California Association of Retired Americans (CARA). Actually, as
Read MoreCalifornia 8th likeliest to default
California now is the 8th likelist government in the world to default on its loans, worse even than Lebanon and Sicily, and getting as bad as Greece. Click here for the story. — John SEiler
Read MoreAdvertising Amber Alerts and Lucky Strikes
Cal Trans presented a request to the Senate Budget Subcommittee today asking for trailer bill language to approve adding paid advertising on 50 changeable freeway message signs – but then said they don’t really need the state’s permission because they’ve
Read MoreMay Revise article coming Friday
Tomorrow, May 14, I’ll be putting up an analysis of Gov. Schwarzenegger’s May Revise of his budget proposal for fiscal year 2010-11. The Revise will be released around 1 pm. My piece should be up around 3 or 4 pm. Mark
Read MoreShenanigans alert!
From a legislative staffer who remains unnamed for obvious reasons: As you might be aware already, all of our (Senate Reps) remaining special session (6X) tax cut job stimulus bills are being heard today in Senate Rev and Tax. Looks
Read MoreDavid Crane, rock star
Those of us interested in pension reform don’t have many rock star personalities in our midst, but Schwarzenegger adviser David Crane fits the bill after his fabulous testimony Monday on SB919, Dennis Hollingsworth’s pension-reform bill that was considered (and a
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