California

California

Governor Schwarzenegger: Don’t Build This Wall!

One of President Reagan’s most famous quotes was his appeal to Soviet Communist Party Chairman Gorbachev to “tear down this wall!” Governor Schwarzenegger has a similar opportunity to prevent a wall that limits people’s freedom from being built in the first place. ObamaCare relies on states to implement most of ...
Business & Economics

Where Are the Angry California Voters?

The G.O.P. in California has had to rely on candidates who can finance themselves. NO MONEY, NO MOVEMENT California is home to a large and energetic Tea Party movement but the state’s activists have not had much effect on the current election cycle. Timing, the size of California and the ...
Business & Economics

Report: California Pensions Underfunded by $500B

Business & Economics

Progressives for Pension Reform?

With California facing a structural $19 billion budget hole, Governor Arnold Schwarzenegger has argued that the state will need to tap its general fund for billions to prop up faltering public-employee pension funds. With California facing a structural $19 billion budget hole, Governor Arnold Schwarzenegger has argued that the state ...
Business & Economics

California’s recipe for stagnation

As legislators finished their session and scattered to their home districts this week without a realistic budget plan and two months after the deadline for approving a budget, one cannot help but wonder if our elected leaders truly grasp the depths of economic crisis and despair facing Californians. Unemployment in ...
Business & Economics

State budget mess a comedy, or tragedy?

SACRAMENTO – As entertainment goes, the final regular-season episode of the Budget Show in the Capitol was shoddy. The actors – the Assembly members and senators – are B-rate. The speeches, despite their strained attempts to sound Kennedy-esque, were pretentious. Those of us in the audience sometimes rolled our eyes ...
Business & Economics

California Debt Clock

Business & Economics

Prop. 22 protects corporate welfare

SACRAMENTO – It’s always entertaining watching various tax consumers fight with one another over a shrinking revenue pie, which makes the Proposition 22 campaign a spectacle. Despite the chatter from supporters about “saving local services” and stopping Sacramento from “raiding” local treasuries, this November initiative simply pits different government groups ...
Commentary

Mass. mess: ObamaCare’s ugly future

Massachusetts’ struggle to make “universal health insurance” work continues to be an excellent peek at what the entire nation faces when ObamaCare kicks in — and the picture remains ugly. Gov. Deval Patrick has just reached a truce with three of the four top insurers in the state, compromising on ...
Business & Economics

Democrats picking on oil companies

SACRAMENTO – Legislators are more than six weeks past the constitutional deadline for passing a state budget, yet the state’s majority Democrats last week weren’t even holding budget hearings. Why bother? The state is $19 billion in the red, but the two sides aren’t even close to coming to terms. ...
California

Governor Schwarzenegger: Don’t Build This Wall!

One of President Reagan’s most famous quotes was his appeal to Soviet Communist Party Chairman Gorbachev to “tear down this wall!” Governor Schwarzenegger has a similar opportunity to prevent a wall that limits people’s freedom from being built in the first place. ObamaCare relies on states to implement most of ...
Business & Economics

Where Are the Angry California Voters?

The G.O.P. in California has had to rely on candidates who can finance themselves. NO MONEY, NO MOVEMENT California is home to a large and energetic Tea Party movement but the state’s activists have not had much effect on the current election cycle. Timing, the size of California and the ...
Business & Economics

Report: California Pensions Underfunded by $500B

Business & Economics

Progressives for Pension Reform?

With California facing a structural $19 billion budget hole, Governor Arnold Schwarzenegger has argued that the state will need to tap its general fund for billions to prop up faltering public-employee pension funds. With California facing a structural $19 billion budget hole, Governor Arnold Schwarzenegger has argued that the state ...
Business & Economics

California’s recipe for stagnation

As legislators finished their session and scattered to their home districts this week without a realistic budget plan and two months after the deadline for approving a budget, one cannot help but wonder if our elected leaders truly grasp the depths of economic crisis and despair facing Californians. Unemployment in ...
Business & Economics

State budget mess a comedy, or tragedy?

SACRAMENTO – As entertainment goes, the final regular-season episode of the Budget Show in the Capitol was shoddy. The actors – the Assembly members and senators – are B-rate. The speeches, despite their strained attempts to sound Kennedy-esque, were pretentious. Those of us in the audience sometimes rolled our eyes ...
Business & Economics

California Debt Clock

Business & Economics

Prop. 22 protects corporate welfare

SACRAMENTO – It’s always entertaining watching various tax consumers fight with one another over a shrinking revenue pie, which makes the Proposition 22 campaign a spectacle. Despite the chatter from supporters about “saving local services” and stopping Sacramento from “raiding” local treasuries, this November initiative simply pits different government groups ...
Commentary

Mass. mess: ObamaCare’s ugly future

Massachusetts’ struggle to make “universal health insurance” work continues to be an excellent peek at what the entire nation faces when ObamaCare kicks in — and the picture remains ugly. Gov. Deval Patrick has just reached a truce with three of the four top insurers in the state, compromising on ...
Business & Economics

Democrats picking on oil companies

SACRAMENTO – Legislators are more than six weeks past the constitutional deadline for passing a state budget, yet the state’s majority Democrats last week weren’t even holding budget hearings. Why bother? The state is $19 billion in the red, but the two sides aren’t even close to coming to terms. ...
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