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Archive for June, 2015

Bay Bridge Keeps Right On Corroding

Wednesday June 10th, 2015   •   Posted by K. Lloyd Billingsley at 2:35pm PDT   •   0 Comments

As we have repeatedly noted, the stylish new eastern span of the San Francisco-Oakland Bay Bridge was 10 years in the making, a whopping $5 billion over budget, and yet riddled with safety issues. We have done our best to keep up with the problems, but they keep on coming. As Jaxon Van Derbeken…
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Social Security Disability Waste

Saturday June 6th, 2015   •   Posted by Craig Eyermann at 6:34am PDT   •   1 Comment

When we surveyed the state of Social Security’s Disability Insurance program’s finances earlier this week, we didn’t realize that there would be breaking news regarding a high level of easily preventable waste in the program. Stephen Ohlemacher of the Associated Press reports: Social Security overpaid disability beneficiaries by nearly $17 billion over the past…
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What Social Security Trust Fund?

Tuesday June 2nd, 2015   •   Posted by Craig Eyermann at 6:43am PDT   •   1 Comment

Alan Greenspan, who served as the chairman of the Federal Reserve from 1987 to early 2006, has an interesting perspective on Social Security’s Trust Funds: Nicholas Ballasy of PJMedia reports: Alan Greenspan, former chairman of the Federal Reserve, said a Social Security Trust Fund does not exist and that the U.S. is “way underestimating”…
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Wasting Taxpayer Dollars on Wasted Senators

Monday June 1st, 2015   •   Posted by K. Lloyd Billingsley at 11:05am PDT   •   1 Comment

California state senators draw six-figure salaries plus gold-plated pensions, plus an impressive array of benefits that includes a car allowance. Some of those senators like to get drunk, and when they do, California taxpayers will now be footing the bill to drive them home. As Alexei Koseff and Jim Miller observe in the Sacramento…
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