Budget and Finance

Video: Schiff: The next economic crisis

Wednesday, August 6th, 2014
NEW: Video: Schiff: The next economic crisis

Can we spend our way toward prosperity? Will the world move away from pricing oil in dollars? Peter Schiff tells Cal WatchDog.com's James Poulos about the coming consequences of our economic policies and why you can't rely on the dollar. Who will leave California next? Who will leave the United ...

Video: Peter Schiff on economic collapse

Tuesday, August 5th, 2014
NEW: Video: Peter Schiff on economic collapse

Can American economic policies continue failing? Will California's real estate always go up? Interviewed by CalWatchDog.com's James Poulos, Peter Schiff says we have to admit we have a problem … and we all need a lot of economic rehab. ...

The myth of California’s underpaid public school employees

Monday, July 28th, 2014
Prop. 30

  Eduardo Benard, a custodian at San Francisco’s Leonard R. Flynn Elementary School, received $107,912.31 in pay and benefits in 2013. He was one of 31 custodians employed by California public schools that boasted more than $100,000 in compensation last year, according to just-release f...

Video: Peter Schiff on the gold standard

Monday, July 28th, 2014
NEW: Video: Peter Schiff on the gold standard

Businessman and investment broker Peter Schiff sits down with CalWatchdog's James Poulos to discuss whether or not the gold standard can save the economy ... and what's China doing with all that gold? http://youtu.be/ZininIyXcVc

Richmond pols continue posturing on underwater mortgages

Thursday, July 17th, 2014

A majority of the Richmond City Council still wants to use eminent domain powers to to seize “underwater mortgages" even though the bond market refused to sell $34 million in municipal bonds for the city last year due to Richmond officials' interest in the novel proposal. Prices are soaring in ...

Brown signs defense industry tax break with hidden Tesla perk

Friday, July 11th, 2014

Governor Jerry Brown  signed into law Thursday a special $420 million corporate tax break for defense contractor Lockheed Martin. If that wasn't controversial enough, now word has surfaced that the bill also included a hidden perk for electric auto maker Tesla Motors Inc. According to a repo...

Legislature picks aerospace winner

Tuesday, July 8th, 2014
Stealth bomber

  An Air Force request for proposal (RFP) for the next generation stealth bomber is about to hit the street. The contract is worth an estimated $55 billion. Aerospace giants Lockheed Martin Corp. and Northrop Grumman – both of which have a major presence here in California – are in a...

CA vs. FL dogfight over stealth plane subsidies

Thursday, July 3rd, 2014
F-117_Nighthawk_flight wikimedia

Like a professional sports team in search of a new taxpayer-funded arena, two defense contractors are playing California and Florida lawmakers against each other in a bid to win more tax breaks and, in turn, a $55 billion federal contract. The home team, a partnership between Boeing and Lockheed...

CA Legislature boosts budget up to $156 billion

Wednesday, June 18th, 2014

Convinced that California's fiscal crisis is effectively over, state Democrats led the state Legislature to pass a $156 billion budget. They did so after a round of negotiations that left Sacramento just six hours away from missing the state's constitutional deadline for passing a budget into l...

Chart shows Brown budget follows Gann Limit

Monday, June 16th, 2014
Gann Limit 2014

Gov. Jerry Brown and Democratic legislators are congratulating themselves on passing a budget by the June 15 deadline and keeping a lid on spending. They insist they're avoiding the excess spending that got the state into trouble when past recessions hit in 1990, 2000 and 2007, producing massive def...