Sheila Kuehl: Over the course of 2012-13 and 2013-14, the Governor, even with the low revenue projection, allocated $1046 more per K-12 student than before.
Joseph Palermo: The debt ceiling gambit that Republicans in the House of Representatives have used to tie the U.S. government in knots in recent months is simply the California GOP’s tactic writ large.
Joseph Palermo: Jerry’s triangulating. He’s aligning himself with the Republican minority in forging a path forward out of California’s deep crisis.
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?
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.
Throughout this period of unprecedented cuts to the CSU budget, the Chancellor and his administration have failed to confront elected leaders or even to educate the people of California about the costs of political choices made around the California 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.
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
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 […]
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 […]
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 […]
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 […]
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 […]