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Archive for December, 2015

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…
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Bad Government Makes Waves

Monday December 7th, 2015   •   Posted by K. Lloyd Billingsley at 9:01am PST   •   0 Comments

The California Coastal Commission (CCC) is an unelected body of regulatory zealots that overrides the elected governments of coastal counties and cities on issues of land use and property rights. As we recently noted, the powerful CCC is moving into animal management, trying to leverage SeaWorld into killing off its orca shows. Now the…
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The Accounting Fraud That Bankrupts Governments

Monday December 7th, 2015   •   Posted by Craig Eyermann at 5:10am PST   •   0 Comments

How is it that the politicians and bureaucrats who run governments at all levels of society, from cities to counties to states and territories, keep putting the institutions they control into financial jeopardy? Jeremy Liss of The Atlantic identifies the unique “cash-basis” accounting rules that politicians and bureaucrats apply to themseleves, which allows them…
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Bankrupt Puerto Rico Commits Highway Robbery

Saturday December 5th, 2015   •   Posted by Craig Eyermann at 6:03am PST   •   0 Comments

On Tuesday, December 1, 2015, the government of the fiscally-troubled U.S. terrritory of Puerto Rico was set to reach the end of its long road to defaulting on its debt, having run out of both money and time. Here’s how ZeroHedge described Puerto Rico’s predicament: Puerto Rico has a problem. The commonwealth needs to…
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Subsidized Green Energy Fails

Tuesday December 1st, 2015   •   Posted by Craig Eyermann at 6:28am PST   •   1 Comment

According to President Obama, the best way to keep the terrorists who conducted a coordinated attack killing 130 in Paris, France last week from winning is for the leaders of the world’s nations to agree to a climate pact as an “act of defiance” as they meet in Paris this week. The Associated Press’…
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Government Road Outrage

Tuesday December 1st, 2015   •   Posted by K. Lloyd Billingsley at 5:49am PST   •   1 Comment

California’s roads are an obstacle course of potholes and as Foon Rhee of the Sacramento Bee notes “the repair backlog is estimated at $78 billion for local roads and another $59 billion for state highways.” The rough roads are also highly congested but the massive California Department of Transportation (Caltrans) is not eager to…
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