Budget and Finance
Back to homepageU.S., CA could be hit by Federal Reserve potential massive loss
Feb. 28, 2013 By Chriss Street Last week in my article here, “Misery Index about to soar in CA, US,” I warned that a rise in a combination of inflation and unemployment, known as the Misery Index, could “distort financial markets.”
Read MoreProbe shows CA Dems’ talk of ‘social justice’ a smokescreen
Feb. 26, 2013 By Chris Reed There has rarely been a journalistic scoop that did a better job of exposing the fraud that is the claim that state Democrats are the party of social justice than the report last week
Read MoreSequester would axe large federal spending programs in CA
Feb. 25, 2013 By Chriss Street Over the weekend, the White House released a report detailing some of the programs and services in California that would be impacted beginning on March 1. The Obama Administration has threatened that the cuts
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Voters can dry up ‘inevitable’ tax on rain
Feb. 25, 2013 By Wayne Lusvardi The lyrics to Celine Dion song, “Rain Tax (It’s Inevitable),” suggested that some day government was bound to levy a tax on natural rainfall. By 2009, the California legislature voted to impose just such a
Read MoreDemocrats addicted to tax increases
Feb. 25, 2013 By Joseph Perkins You’ve heard the familiar fable about the scorpion and the frog? They meet on the bank of a stream and the scorpion asks the frog to carry him across on his back. The frog
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‘Preschool for all’: Obama adopts Meathead goal, spin
Feb. 24, 2013 By Chris Reed Lance Izumi does a great job in the Orange County Register of documenting how President Obama’s push for universal preschool is a retread of actor-director Rob Reiner’s failed, scandal-scarred push in California — right
Read MoreMisery Index about to soar in CA, US
Feb. 22, 2013 By Chriss Street The “Misery Index” is inflation plus the unemployment rate. For example, today the U.S. unemployment rate is 7.9 percent and inflation is 1.7 percent. So the “Misery Index” (rounding off) is 10 points. Anything above
Read MoreCA admits higher taxes kill tax collection
Feb. 21, 2013 By Chriss Street Gov. Jerry Brown was just forced to admit reality. His supposed $5 billion boost in January tax collection from Proposition 30, which increased sales and income taxes, was really just an early collection of
Read MoreOutrage at CalPERS’ 85% rate hike for long-term care
Feb. 20, 2013 By Dave Roberts When tens of thousands of state employees signed up for the California Public Employees Retirement System‘s long-term care insurance plan as it was first offered in 1995, they thought they were doing the prudent
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