Stop the Austerity Train Wreck!

ows revolutions

Robert Reich: Agreement or not, Washington is on the road to making budget cuts that will slow the economy, increase unemployment, and impose additional hardship on millions of Americans.

Deal Struck on Death Penalty Resolution

Nyabingi Kuti: Our resolution played a major role in the Governor’s decision to halt construction on the condemned inmate Taj Mahal at San Quentin, a few days before the convention. All supporters of the resolution can take credit for this savings of half a billion dollars. I think he will come around sooner, rather than later, for fiscal and moral reasons.

Why Can’t Jerry See the Obvious? CUT THIS!

James Clark: The state’s death penalty is an ineffective waste of tax dollars that we simply can’t afford, yet while the Governor and Assembly slash everything from preschool to geriatric care, the state remains poised to spend $1 billion on the death penalty over the next five years.

Congratulations to Kamala Harris, California’s New Attorney General

Kamala Harris California Attorney General On behalf of the Los Angeles County Democratic Party, I congratulate Attorney General-Elect Kamala Harris for her victory.  As of today, she leads Republican Steve Cooley by 51,585 votes statewide and she has widened her lead in Los Angeles County significantly by 312,925 votes. Clearly, Los Angeles County voters made [...]

Who Is the Spendthrift?

homeowners' lament

Steve Hochstadt: When the real estate boom turned out to be a house of cards, people’s debts came due much sooner than they had expected. Governments are much less to blame for the current foreclosure crisis than homebuyers, egged on by unscrupulous bankers.

Double Trouble, Oil and Bubble: Something Slick This Way Comes

mary pallant

Mary Pallant: Spill doesn’t sound too bad and yet we continue to call this mess in the Gulf a spill. This is not a spill; this is a catastrophe of unheard of proportions. This is so detrimental that the effects and impact are not going to be fully known for years to come. So detrimental that BP still does not know how much is “spilling” into our oceans.

Closing Tax Loopholes For Billionaires

wall street regulation

Robert Reich: It’s not as if these investment fund managers are worth a $20 billion subsidy. Nonetheless they argue that if they have to pay at the normal rate they’ll be discouraged from investing in innovative companies and startups. But if such investments are worthwhile they shouldn’t need to be subsidized. Besides, in the years leading up to the crash of 2008, hedge-fund and private equity fund managers weren’t exactly models of public service. Many speculated in ways that destabilized the whole financial system.

Rethink Afghanistan

More-troops

Some say we cannot afford to leave Afghanistan. In fact, my opponent argues we must eradicate corruption there because – ‘… the United States has invested too many troops and too much treasure to fail.’ I say – We cannot afford to stay in Afghanistan because we will bankrupt our country.”

Sheila Kuehl: My Take on California’s Propositions

capitol

It seems pretty obvious that, whether the propositions pass or fail, they create a significant, but different, problem for the state. The total monies brought into the current budget by all the propositions together is about 6 billion dollars. However, over $5 billion of that revenue comes from the sale of the lottery. This makes [...]