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Tag "deficit"

U.S. unfunded liabilities really more than $200 trillion

In the past I’ve written here about the U.S. federal budget not being $17 trillion in the red, but more than $200 trillion (with a “t”). The calculations come not from some right-wing activist, but from Prof. Laurence Kotlikoff, a

Mac Taylor’s goofy happy talk triggers more toxic fallout

CalWatchdog Staff December 4, 2012

Dec. 4, 2012 By Chris Reed Legislative Analyst Mac Taylor’s unhinged decision to project budget surpluses in coming years in California could turn out to be the defining moment of his career. The decision of state voters to back temporary

Prop. 30 would make budget roller coaster more scary

CalWatchdog Staff November 2, 2012

Nov. 2, 2012 By Wayne Lusvardi You probably have seen the photograph of the Casino Pier Roller Coaster on the New Jersey shore inundated by the ocean and in shambles from the impact of Hurricane Sandy. In Sacramento, Calif. on

DiFi dodges debate over Emken economic plan

CalWatchdog Staff October 9, 2012

Oct. 9, 2012 By John Seiler Denying California voters an opportunity to see the two in action, Sen. Dianne Feinstein, D-Calif., refuses to debate her Republican opponent, Elizabeth Emken. This is what happens when one party takes over a state

Video: Mugged by economics: Andrew Malcolm on America’s staggering debt

CalWatchdog Staff September 5, 2012

Sept. 5, 2012 By Brian Calle Here’s my interview with Investor’s Business Daily financial writer Andrew Malcolm. It’s on America’s staggering debt and the economic situation.

I told you so

CalWatchdog Staff September 5, 2012

Sept. 5, 2012 By John Seiler I’ve been warning about California’s looming fiscal disaster for more than a decade now. While researching another article, I dug out some quotes from articles I wrote for the Orange County Regisgter, where I

Jerry Brown’s deficit teeter-totter game

CalWatchdog Staff May 23, 2012

May 23, 2012 By Wayne Lusvardi Imagine a teeter-totter with a chubby boy on one end and a thin boy on the other. The teeter-totter can be balanced either by two chubby boys or two thin boys. It can be

Will Cap and Trade cure California’s deficit?

CalWatchdog Staff May 18, 2012

May 18, 2012 By Wayne Lusvardi California voters may soon ask themselves: “Why vote for an $8.5 billion sales and income tax increase in November 2012 if Cap and Trade is going to raise $50 billion to $100 billion for

Has Jerry Brown’s budget deficit become a cliche?

CalWatchdog Staff May 15, 2012

May 15, 2012 By Wayne Lusvardi Has California’s legendary structural budget deficit evolved into an overworked and obsolescent cliche? This is a question to be asked of Gov. Jerry Brown announcement yesterday that the state general fund budget deficit has

Brown’s budget video address

CalWatchdog Staff May 14, 2012

The following video address was given by Gov. Jerry Brown to explain his new budget and call for tax increases. Note that he says the second budget from last year, the one he signed, was an improvement in ending budget