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Back to homepageMish: 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 MoreGovernor adopts budget realism
MAY 14, 2010 By JOHN SEILER The party’s over. That’s the message from Gov. Arnold Schwarzenegger’s austere May Revise, released today, of his budget for fiscal 2010-11, which begins on July 1. It calls for cutting $3 billion from state
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 MoreDour governor pitches deep cuts
MAY 14, 2010 By STEVEN GREENHUT At a press conference at 1 pm today, Gov. Arnold Schwarzenegger released a May budget revise that attempts to close a nearly $20 billion budget gap by slashing state welfare programs while maintaining current-year
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 MoreStates' rights revival in CA?
MAY 14, 2010 By JOHN SEILER Political waters are boiling all across America, including California. One of the areas this is happening is the Tenth Amendment Movement, which takes seriously the last of the Bill of Rights, which reads: “The powers
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