Budget and Finance

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

Video: Peter Schiff on economic collapse

John Seiler August 5, 2014

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

Joseph Perkins July 28, 2014

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

Video: Peter Schiff on the gold standard

CalWatchdog Staff July 28, 2014

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?

Richmond pols continue posturing on underwater mortgages

Wayne Lusvardi July 17, 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

Brown signs defense industry tax break with hidden Tesla perk

John July 11, 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

Legislature picks aerospace winner

Joseph Perkins July 8, 2014

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

Cartoon: CA money bomb

John Seiler July 7, 2014

CA vs. FL dogfight over stealth plane subsidies

John July 3, 2014

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

CA Legislature boosts budget up to $156 billion

James Poulos June 18, 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