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Archive for November, 2015

Big Bucks for a Bureaucratic Drunk

Monday November 30th, 2015   •   Posted by K. Lloyd Billingsley at 5:17am PST   •   0 Comments

As we noted, California’s government monopoly K-12 education system pays big bucks to local bosses, heaping on huge raises and boosting benefits without any connection to performance or student achievement. For local bureaucrats, as Diana Lambert explains in the Sacramento Bee, even serious misconduct can pay off big-time. As the reporter notes, “El Dorado…
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VA Executives Plead the Fifth, Reap Financial Rewards

Saturday November 28th, 2015   •   Posted by Craig Eyermann at 5:47am PST   •   0 Comments

The senior leadership of the U.S. Department of Veterans Affairs has decided that two of its executives who recently “plead the fifth” to avoid answering allegations related to their potential criminal misconduct before the U.S. Congress will not be purged from the government agency’s payroll. Nor will they be required to pay back the…
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Bridge to No Accountability Keeps Cracking Up

Friday November 27th, 2015   •   Posted by K. Lloyd Billingsley at 5:07am PST   •   2 Comments

As we have noted many times, the new eastern span of the San Francisco Bay Bridge came in 10 years late and a whopping $5 billion over budget, but all that time and money could not guarantee safety for the public. In 2007, fissures some 10 feet long cut through a steel bar 20…
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An $8 Trillion Thanksgiving?

Thursday November 26th, 2015   •   Posted by Craig Eyermann at 5:49am PST   •   0 Comments

Today is Thanksgiving Day, 2015. Today also marks a grim milestone for the growth of the U.S. national debt under President Obama, as it is now over $8 trillion higher than it was on the day he was sworn into office on Tuesday, January 20, 2009. Back then, the total public debt outstanding stood…
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Tesla Tags Taxpayers for $4.9 Billion

Wednesday November 25th, 2015   •   Posted by K. Lloyd Billingsley at 5:16am PST   •   0 Comments

Volkswagen grabbed headlines with its diesel fakery but the German auto giant is not the only car company that deserves attention these days. As Breitbart notes, Tesla Motors “issued a voluntary worldwide recall to inspect every one of the 90,000 Model S cars the company has ever built.” This is the vehicle that, as…
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State Department Becomes a Wasteland

Monday November 23rd, 2015   •   Posted by K. Lloyd Billingsley at 9:53am PST   •   0 Comments

The World War II generation has reason to associate the U.S. Department of State with treason in the form of Stalinist spy Alger Hiss. Baby Boomers and beyond have come to associate State Department briefings with “Saturday Night Live” in the form of spokesperson Marie Harf, who shows a keen sense for the absurd….
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U.S. Postal Service: Money Losing Monopoly

Saturday November 21st, 2015   •   Posted by Craig Eyermann at 5:20pm PST   •   0 Comments

Everyone knows that monopolies in business are bad. Writing at CBS News, economist Mark Thoma explained why they’re so bad for consumers: When firms have such power, they charge prices that are higher than can be justified based upon the costs of production, prices that are higher than they would be if the market…
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National Debt Is Money We Owe Ourselves?

Wednesday November 18th, 2015   •   Posted by Craig Eyermann at 5:44am PST   •   0 Comments

In 2011, New York Times columnist Paul Krugman wrote: People think of debt’s role in the economy as if it were the same as what debt means for an individual: there’s a lot of money you have to pay to someone else. But that’s all wrong; the debt we create is basically money we…
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Statist Superstition Mounts a Surge

Wednesday November 18th, 2015   •   Posted by K. Lloyd Billingsley at 5:33am PST   •   1 Comment

As we observed in “Financial Crisis and Leviathan,” in its first 14 months the Consumer Financial Protection Bureau, a new federal agency, did little besides expanding an already bloated and wasteful government. The CFPB duplicates the work of existing regulators and worsens a crisis government played a major role in causing through programs such…
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Cops Go Easy on Ruling Class

Monday November 16th, 2015   •   Posted by K. Lloyd Billingsley at 9:01am PST   •   0 Comments

The police are much in the news of late and some activists contend the cops are too severe when dealing with minorities. On the other hand, as Brad Brannan writes in the Sacramento Bee, the California Highway Patrol might be too lenient when they deal with privileged members of the ruling class. On November…
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