Posts Tagged ‘California economy’

The Truth About the Pension Crisis


Wednesday August 3rd, 2016   •   Posted by K. Lloyd Billingsley at 8:40am PST   •   0 Comments

Rob Feckner, president of the CalPERS board of administration, has heard stories that all is not well with the massive pension fund, with assets of more than $301 billion. “Nothing could be further from the truth,” writes Feckner in the Sacramento Bee. “Let me tell you why.” Investment returns for fiscal year July 1,…
Read More »

Crony California


Thursday February 18th, 2016   •   Posted by K. Lloyd Billingsley at 5:23am PST   •   1 Comment

Covered California has not been much in the news of late, but that does not mean that all goes well with the Golden State’s wholly owned subsidiary of Obamacare. As we noted last year, Emily Bazar of the Center for Health Reporting wrote that Covered California’s computer system is “responsible for countless glitches and…
Read More »

Fire the Coastal Commission, Not Just the Boss


Monday January 25th, 2016   •   Posted by K. Lloyd Billingsley at 5:24am PST   •   1 Comment

As Tony Barboza notes in the Los Angeles Times, the California Coastal Commission is “the most powerful land-use agency in the nation” and some of the 12 commissioners want to fire the boss, Charles Lester. This action should serve as a timely reminder for Californians of the abuse they face at the hands of…
Read More »

Pension Reform Rollback Shows True “State of the State”


Friday January 22nd, 2016   •   Posted by K. Lloyd Billingsley at 5:01am PST   •   0 Comments

Long before his latest State of the State address, governor Jerry Brown has been proclaiming that California is back, and as City Journal California associate editor Ben Boychuk notes, there is some ground for optimism. The Golden State has enjoyed impressive job growth over the past three years and this year might overtake Brazil…
Read More »

Governor’s Tunnel Vision Gets Worse


Monday January 18th, 2016   •   Posted by K. Lloyd Billingsley at 10:40am PST   •   0 Comments

As we have noted, governor Jerry Brown wants to drill two massive tunnels under the Sacramento-San Joaquin River Delta. The total cost of his Delta conservation plan is $25 billion, but based on projects such as Boston’s “Big Dig,” and a highway tunnel project in Seattle, the cost would be much higher. A coalition…
Read More »

High Maintenance Government


Monday January 11th, 2016   •   Posted by K. Lloyd Billingsley at 5:46am PST   •   0 Comments

California governor Jerry Brown is in a mood for spending. As Jon Ortiz and Dale Kasler note in the Sacramento Bee, his 2016-17 budget includes “a $1.5 billion infrastructure plan that would also remodel a portion of the Capitol.” The governor has “proposed transferring $1.5 billion from the state’s general fund to a new…
Read More »

Does Caltrans “Set of Values” Include Accountability?


Friday December 18th, 2015   •   Posted by K. Lloyd Billingsley at 8:47am PST   •   0 Comments

The California Department of Transportation hired Alex Morales III as statewide coordinator for compliance with the federal Americans with Disabilities Act (ADA). As Jim Miller notes in the Sacramento Bee, Mr. Morales III, who was paid a base salary of $74,912, has been arrested for allegedly accepting “at least $100,000 in bribes, including an…
Read More »

Tidings of Coercion, Regulation and Taxes


Tuesday December 8th, 2015   •   Posted by K. Lloyd Billingsley at 8:42am PST   •   1 Comment

When confronted with seismic-safety issues on the new span of the Bay Bridge, which came in 10 years late and $5 billion over budget, California governor Jerry Brown famously quipped, “shit happens.” As David Siders of the Sacramento Bee observes, Brown the former seminarian does better with the orthodoxies of statist superstition. “Never underestimate…
Read More »

Bullet Train Has Costly Tunnel Vision


Monday October 26th, 2015   •   Posted by K. Lloyd Billingsley at 8:52am PST   •   6 Comments

We have been keeping track of California’s bullet train boondoggle, or as some call it, a “Browndoggle” after governor Jerry Brown. He backs the train and wants to dig two massive tunnels under the Sacramento-San Joaquin River Delta at an estimated cost of $25 billion. Now taxpayers learn that the bullet train also has…
Read More »

DoubleGovGreed.Con


Tuesday September 22nd, 2015   •   Posted by K. Lloyd Billingsley at 10:20am PST   •   2 Comments

California is the least tax-friendly state according to new rankings from Kiplinger. Much of that unfriendliness is due to the 2012 Proposition 30, which imposed the highest income tax rate in America, 13.3 percent, and also raised the sales tax to 7.5 percent, also highest in the nation. Proposition 30 was pitched as a…
Read More »

Facebook Twitter Youtube

Search MyGovCost