California
Commentary
Unions say, ‘Shut up and pay us’
Yet another report confirms the enormous liabilities that California taxpayers must endure to pay for pensions for public employees. The study, released May 5 at a Pension Boot Camp for elected officials held near Sacramento by the reform group Californians for Fiscal Responsibility, echoed the points made by the watchdog ...
California
California’s Cover Story
Last month The Economist ran a cover story: “Where it all went wrong: A special report on California’s dysfunctional democracy.” The report blames “direct democracy,” the initiative process, for the state’s woes. The ruling class loves the report, but Californians have good reason to be wary. The initiative process lets ...
Commentary
New Health Care Law Cripples State Budgets
America’s fiscal crisis is about to explode. In 2010 state budget deficits reached an all-time high of $191 billion. Former New York Lt. Gov. Richard Ravitch has predicted that state deficits could reach a staggering $500 billion this year when the stimulus funds propping up state budgets run out in ...
California
Shooting the Messenger: California’s Proposal to Control Health Plans’ Rate Increases
California legislators are considering a bill, AB 52, that would give the executive branch the power to decide whether health plans should be allowed to increase their premiums at rates that keep pace with medical costs. Health plans may be a politically attractive target, but giving politicians the power to ...
Blackouts
Moonbeams Over California: The 33-percent Non-solution
California Governor Jerry Brown recently signed SB 2x by Joe Simitian, mandating that 33 percent of the state’s energy come from renewable sources by 2020, an increase of 13 percent from the previous mandate of 20 percent. This signals bad news for California but reveals a key dynamic of our ...
California
Card-Check Tricks in the Capitol
SACRAMENTO Last week Assembly Speaker John Perez suspended the public notice rule for legislative hearings, allowing an Assembly committee to conduct a surprise hearing on a card check bill, and voted to pass it to the next committee. That is not the only sleight of hand going on in ...
Business & Economics
Recession and Recovery in California
Last month Jerry Nickelsburg, senior economist with the UCLA Anderson Project, held forth at the University of California Sacramento Center on key themes involving recession and recovery. Nickelsburg agrees that we are in a “deep recession,” in contrast to those of 2001 and 1990, which were “very mild recessions.” He ...
Business & Economics
Tax Freedom Day comes later in California
Californians sweating to complete tax returns by April 15 may be unaware that another milestone occurs the very next day. California’s Tax Freedom Day will arrive on April 16. This should trouble Californians for a number of reasons. For the nation as a whole, Tax Freedom Day arrives on April ...
Business & Economics
San Diego setting an example on pension reform
The city of San Diego has long been the poster child for pension abuse, but now it has a chance to become the statewide poster child for pension reform thanks to a ballot measure that top officials are circulating. San Diego’s efforts should be heartening to other California cities, including ...
California
Whatever Happened to California’s Obamacare Exchange?
The most disappointing news on the Obamacare front these days is that at least two Republican governors cannot wait to implement Obamacare in their states. Apparently, one Republican state senator in Oklahoma has finally decided to prevent an Obamacare exchange bill from reaching Gov. Mary Fallin for signature. Fair enough, ...
Unions say, ‘Shut up and pay us’
Yet another report confirms the enormous liabilities that California taxpayers must endure to pay for pensions for public employees. The study, released May 5 at a Pension Boot Camp for elected officials held near Sacramento by the reform group Californians for Fiscal Responsibility, echoed the points made by the watchdog ...
California’s Cover Story
Last month The Economist ran a cover story: “Where it all went wrong: A special report on California’s dysfunctional democracy.” The report blames “direct democracy,” the initiative process, for the state’s woes. The ruling class loves the report, but Californians have good reason to be wary. The initiative process lets ...
New Health Care Law Cripples State Budgets
America’s fiscal crisis is about to explode. In 2010 state budget deficits reached an all-time high of $191 billion. Former New York Lt. Gov. Richard Ravitch has predicted that state deficits could reach a staggering $500 billion this year when the stimulus funds propping up state budgets run out in ...
Shooting the Messenger: California’s Proposal to Control Health Plans’ Rate Increases
California legislators are considering a bill, AB 52, that would give the executive branch the power to decide whether health plans should be allowed to increase their premiums at rates that keep pace with medical costs. Health plans may be a politically attractive target, but giving politicians the power to ...
Moonbeams Over California: The 33-percent Non-solution
California Governor Jerry Brown recently signed SB 2x by Joe Simitian, mandating that 33 percent of the state’s energy come from renewable sources by 2020, an increase of 13 percent from the previous mandate of 20 percent. This signals bad news for California but reveals a key dynamic of our ...
Card-Check Tricks in the Capitol
SACRAMENTO Last week Assembly Speaker John Perez suspended the public notice rule for legislative hearings, allowing an Assembly committee to conduct a surprise hearing on a card check bill, and voted to pass it to the next committee. That is not the only sleight of hand going on in ...
Recession and Recovery in California
Last month Jerry Nickelsburg, senior economist with the UCLA Anderson Project, held forth at the University of California Sacramento Center on key themes involving recession and recovery. Nickelsburg agrees that we are in a “deep recession,” in contrast to those of 2001 and 1990, which were “very mild recessions.” He ...
Tax Freedom Day comes later in California
Californians sweating to complete tax returns by April 15 may be unaware that another milestone occurs the very next day. California’s Tax Freedom Day will arrive on April 16. This should trouble Californians for a number of reasons. For the nation as a whole, Tax Freedom Day arrives on April ...
San Diego setting an example on pension reform
The city of San Diego has long been the poster child for pension abuse, but now it has a chance to become the statewide poster child for pension reform thanks to a ballot measure that top officials are circulating. San Diego’s efforts should be heartening to other California cities, including ...
Whatever Happened to California’s Obamacare Exchange?
The most disappointing news on the Obamacare front these days is that at least two Republican governors cannot wait to implement Obamacare in their states. Apparently, one Republican state senator in Oklahoma has finally decided to prevent an Obamacare exchange bill from reaching Gov. Mary Fallin for signature. Fair enough, ...
