by Steven Greenhut. A cursory glance at Governor Jerry Brown’s new budget could make you believe that California’s days
of fiscal gloom are over as he champions a balanced budget and
newfound “fiscal restraint.” California had been floating in debt. Then Brown persuaded
voters in November to increase sales and income taxes. ... MORE
Showing posts with label pension. Show all posts
Showing posts with label pension. Show all posts
California, Unsaved, Speeds Toward A Wall Of Debt
by Steven Greenhut. A cursory glance at Governor Jerry Brown’s new budget could make you believe that California’s days
of fiscal gloom are over as he champions a balanced budget and
newfound “fiscal restraint.” California had been floating in debt. Then Brown persuaded
voters in November to increase sales and income taxes. ... MOREDouglas French: Down And Out In California
Golden State is fast losing its luster. Gas in Vegas is a dollar cheaper a gallon than in the Golden State, or so a friend and recent LA transplant tells me. He went on to say the top tax rate in California is over 13%, while, of course, Nevada has no state income tax. Over dinner at Del Frisco’s, he explained how industries are being ruined by ... MOREHow Government Workers Profit At Taxpayer Expense
by Steven Greenhut. Stockton, California city workers who attended the unveiling of a new report detailing the trends in public-employee compensation in California on Wednesday night complained about cuts in their compensation packages that are causing hardship for them and their city. But the report, prepared on behalf of the Howard Jarvis ... MOREThe Latest Scam From California's Public-Sector Unions
by Steven Greenhut. If California voters grant the state government the massive income-tax and sales-tax increases that Gov. Jerry Brown and legislative Democrats have been demanding via November’s Proposition 30, those same officials will quickly squander the money by shoveling even more benefits to those already well-compensated ... MOREThe Accounting Trick That Will Haunt Public Pensions
Encouragement for riskier investments. State and local government employee pensions around the country are significantly underfunded. The Governmental Accounting Standards Board (GASB), which is the closest thing that comes to a regulator of public pensions, tells them, through its accounting rules, that the single best thing pensions can do to ... MORESteven Greenhut: California Goes Bankrupt
One city after another becomes insolvent. First Vallejo, then Stockton, then Mammoth Lakes, and now San Bernardino and soon possibly Compton. As Orange County Supervisor John Moorlach told Bloomberg News, the bankruptcy dominoes are starting to fall. One California city after another—following a decade-long spree of ramping up public- ... MOREWashington Examiner: Congress Robs Taxpayers Twice
A bipartisan fleecing of the American taxpayers. While the nation was distracted with the Supreme Court's Obamacare ruling last week, Congress passed a $96 billion double-bailout that only guarantees future bailouts in the years to come. On Friday afternoon, within half an hour of one another, both the House and Senate voted to reauthorize the ... MOREJohn Fund: Twilight Of The Unions
Hard times at the AFSCME convention. Since 2008, we’ve seen the biggest economic crisis since the Great Depression. Unlike 75 years ago, however, unions and the Left have this time largely failed to build a rigorous movement of economic populism to further their goals: Witness the now largely disbanded Occupy movement. Indeed, as members ... MORE
Thomas Sowell: Playing With Words
Misleading political redefinitions. Would anyone work to support themselves or their families — and then turn over a chunk of that hard-earned money to somebody else, just because of the words used by that somebody else? A few people may be taken in by the words of con men, here and there, but the larger tragedy is that millions more are taken in ... MORESteven Greenhut: How Government Makes Life Worse
Another day means more waste, fraud or abuse. Occupy Wall Street protesters are reminiscent of writer R. Emmett Tyrrell’s criticism of radical feminists: They don’t know what they want, but they want it very badly. On May Day, the protesters tied up the streets of Oakland, San Francisco, and elsewhere. They are mad as hell and they are not ... MORE
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