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?

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.

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 [...]

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 [...]

Stop Wasting Money on Executions

ramona-ripston

Capital Punishment is Too Expensive California remains on track to spend over $1 billion on the death penalty in the next five years, in the midst of the worst financial crisis in nearly a century. Incredibly, even as state officials announce that they must fill a deficit of $21.3 billion this year, and contemplate drastic [...]

The Magical Mystery Majority Budget

california-begging

On Thursday, December 18, frustrated with their inability to attract any Republican votes through long negotiations, both the State Assembly and the State Senate decided on an entirely different tack. They would pass a series of majority-vote bills to cut and change the current, 2008-09 budget. Though such a move would not get the state [...]

This Week in the LA Progressive: March 9 to March 15, 2009

Across the Border Humvees in Tijuana: The US and the Mexican Narco-Wars. We need to clean up our own act before intervening in Mexico. Even under Obama we look too quickly to the military “solution” — no solution at all. –Diane Lefer Unreliable Immigration Data Is Out of Date and Context. Mainstream media running a [...]

Ending the Annual Budget Impasse Ritual

terminator

The California budget process is broken due to the requirement for a two-thirds vote to pass the budget. I would like to suggest a different procedure that preserves the minority protections of the two-thirds requirement while encouraging negotiation and ensuring that there definitely will be a budget passed. Proposal: If no budget passes by the [...]

Schwarzenegger Acting the Tough Guy to Cover for His Weakness? Both Houses of California Legislature Meeting This Morning—But Don’t Hold Your Breath

I was at the Governor’s press conference yesterday afternoon to see and hear directly his announcement that he would veto any bills sent to him before a state budget is passed. You can read his remarks in their entirety as dutifully transcribed by the Governor’s press office and published on these pages yesterday.

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