Disaster Capitalism in the Budget Debate

budget-cut-wide

Adam Eran: Historic tax reductions on the wealthy, and the Wall-Street-Fraud recession, have reduced public revenues, and this reduction now makes otherwise too-popular-to-cut programs vulnerable. But are such cuts really necessary?

On Wisconsin: End the War, Invest at Home

commander-wide

Tom Hayden: It is time for our most prominent liberal economists to broaden their analysis of the domestic crisis to include spending for these unfunded wars. Only Joseph Stiglitz has done so.

The California Budget Mess Backstory

oil addiction

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.

Stealing From California’s Young People

budget

The professors will endure. But the students and their families are the true victims here. They’re getting ripped off. The quality of their education is suffering even while they go into debt.

Arnold Schwarzenegger: Tea Bagging California

arnold cuts budget

Just as many of the neo-cons seemingly cross their fingers hoping for a mass-casualty terrorist attack on U.S. soil because they see it as political gold for them, they’re also cheerleading for the economy to remain stagnant

Schwarzenegger and the Republicans Cost California $7 Billion

arnold

The California State Senate adjourned at midnight, unable to pass three stopgap bills that would have saved the state $7 billion. To appease Governor Arnold Schwarzenegger, the Democratic leaders of the state legislature hastily drew up the three complicated bills to try to stave off fiscal collapse and the necessity to begin issuing IOUs. All […]

LA Progressive: June 14 to 20, 2009

This Week’s Newsletter Here Does the Obama Plan for Reforming Wall Street Measure Up? —Robert Reich California Democrats: “Spreading the Pain” from Sacramento —Joseph Palermo Black Victims of ‘Don’t Ask Don’t Tell’ —Herndon Davis The Italian Job: Border Police Seize $134 Billion in US Government Securities —Charley James From Analog To Digital: Nothing’s Free Anymore […]

Constructing a California Budget That Is Least Injurious to the Most Vulnerable

urban-poor

Resolving our fiscal crisis will require many very difficult decisions, but our guiding principle must be constructing a budget that is least injurious to the most vulnerable. While we will have to take quick action to avoid the state sliding into insolvency, we must take that action in a thoughtful manner minimizing the potential permanent […]

Interpreting the Failure of Prop 1A

california-budget

Immediately after the election, the Governor announced that the “voters had spoken” and that the defeat of Prop 1A “clearly” meant that Californians stood adamantly against any new taxes or fees. He must have been reading the leaves in the bottom of his tea cup in order to come to a favored conclusion, however, because […]

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