Robert Reich: What happened to John Boehner’s $100 billion budget-cutting commitment? What became of Paul Ryan’s big ideas? Where did all the roaring and raging on the right during the 2010 election go?
Ron Wolff: California’s “new” (but experienced) governor is bringing some urgently needed honesty and fresh thinking to the budgeting process in a state weary of smoke, mirrors, a two-thirds requirement in the legislature for tax increases, and the ravages of a recession imposed largely by external forces.
Randy Shaw: Brown’s history shows that he likes to shake things up soon after taking office, and he now has the perfect opportunity. The public desperately wants a solution to California’s longstanding budget crisis, and Brown’s political capital is as high as it will ever be following an election where Democrats won every statewide race and maintained all their Congressional seats.
Adam Eran: So the origin of California’s tax reductions, and even its current budget deficit, is arguably oil price inflation. If we want a stable economy, and government without deficits, we need to stop kidding ourselves that spending is a the root our budget problems, and attend to our energy addiction.
Steve Hochstadt: When conservative Republicans controlled Washington under George Bush, they spent government money on their pet projects with little regard for the long-term budgetary consequences. Now Republicans at the national level have made the deficit one of their major points of attack against the Democrats in preparation for the November elections.
Paul Hogarth: Proposition 25 was put on by labor unions and the Democratic Party, and political consultant Roger Salazar has been retained. Liberal bloggers and other progressives are skeptical, with some going so far as to claim it doesn’t make sense to get a majority for the budget – if raising taxes we need would still require a two-thirds vote.
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 [...]
President Obama’s new budget is, well, audacious — not just because it includes several big, audacious initiatives (universally affordable health care, and a cap-and-trade system for coping with global warming, for starters) but also because it represents the biggest redistribution of income from the wealthy to the middle class and poor this nation has seen [...]
Prison Budget Expands, Education Budget Cut While the Governor and legislature propose massive cuts to education and 2,000 public works projects are on hold, a bill to propel a $12 billion prison construction project was sent to Governor Schwarzeneggar. This bill is designed to fix problems with AB900, the largest prison construction plan in history. [...]
Budget Cuts Destroy Public Education. How can we make people understand that underfunding is destroying our public school systems? And that the children who suffer because of education cuts will also be hurt by proposed social services cuts — a cruel double whammy unbefitting a civilized society? I’m a second-grade teacher at Esperanza Elementary School, [...]