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Archive for October, 2016

Diversity Industry Waste

Monday October 31st, 2016   •   Posted by K. Lloyd Billingsley at 10:46am PDT   •   1 Comment

As David Frum notes in The Atlantic, over the past 18 months 90 percent of American colleges and universities have hired “chief diversity officers,” part of an “already thriving industry” long apparent in California. As Heather MacDonald observed, though facing state and federal funding cuts in 2012, the University of California San Diego hired…
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Divide the Government: A Strategy for Fiscal Sanity?

Monday October 31st, 2016   •   Posted by Craig Eyermann at 6:54am PDT   •   1 Comment

On Tuesday, November 8, 2016, Americans face a dismal choice between what many believe to be the two worst presidential candidates ever nominated in the same election by the major political parties during their lifetimes. Faced with such lousy choices, voters might want to consider ways in which they can use their vote in…
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Clinton, Trump Ignore the Debt Problem

Thursday October 27th, 2016   •   Posted by Craig Eyermann at 5:57am PDT   •   1 Comment

That Hillary Clinton and Donald Trump are ignoring the United States government’s debt problem as they campaign for the presidency is the consensus of former Federal Reserve Chair Paul Volcker and former Commerce Department Secretary Peter Peterson, who recently co-authored an op-ed in the New York Times. They describe their dismay with both candidates:…
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California’s Chinese Steel Crack-Up

Tuesday October 25th, 2016   •   Posted by K. Lloyd Billingsley at 1:15pm PDT   •   0 Comments

In the presidential debate last week, Republican Donald Trump attacked China’s trade policies and Democrat Hillary Clinton charged that Trump used “Chinese steel” in his own projects. As it happens, the most eager American user of Chinese steel is the government of California, on the new span of the San Francisco-Oakland Bay Bridge. Back…
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Grand Theft Education

Monday October 24th, 2016   •   Posted by K. Lloyd Billingsley at 10:22am PDT   •   1 Comment

K-12 education gets the lion’s share of California’s budget, largely due to Proposition 98 (1988) author John Mockler, a lobbyist who became a millionaire working both sides of the table. In government monopoly education, the money goes directly to bureaucracies, the state department of education, the county offices of education, and local school districts….
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New Ideas for Regaining Control over Mandatory Spending

Monday October 24th, 2016   •   Posted by Craig Eyermann at 6:35am PDT   •   0 Comments

Now that four years of falling budget deficits have officially come to an end, how can the U.S. Congress regain control over federal spending? Previously, we looked at one basic common sense proposal that could slow the spending for the U.S.’ fastest growing mandatory expenditure, Medicaid, but what tools does the U.S. Congress have…
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State Stem Cell Bust Goes Begging

Thursday October 20th, 2016   •   Posted by K. Lloyd Billingsley at 5:10pm PDT   •   1 Comment

As David Jensen explains in the Sacramento Bee, California’s government stem cell agency, the California Institute of Regenerative Medicine (CIRM) is spending another $30 million “to dramatically speed approval of stem cell therapies and establish the Golden State globally in the much-heralded regenerative medicine field.” Down lower in the piece, in paragraph six, readers…
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How to Score the Final Clinton-Trump Debate

Wednesday October 19th, 2016   •   Posted by K. Lloyd Billingsley at 9:18am PDT   •   0 Comments

With the revelations of the past weeks, the third presidential debate is sure to be one of the best shows in Las Vegas. Many observers have already had enough of the Clinton-Trump spectacle, but there are still some important things to look for. Observers might examine the candidates’ statements for some sense of the…
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How the Feds Could Slow Down Entitlement Spending

Wednesday October 19th, 2016   •   Posted by Craig Eyermann at 5:53am PDT   •   0 Comments

In 2016, the U.S. government’s annual budget deficit stopped falling for the first time in four years and swung sharply into reverse, increasing to $587 billion, which is 34% higher than 2015’s budget deficit. Nearly all of that increase was due to “mandatory” spending on entitlements, the part of the federal government’s expenditures that…
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Four Years of Falling U.S. Budget Deficits End

Monday October 17th, 2016   •   Posted by Craig Eyermann at 6:08am PDT   •   2 Comments

Just over five years ago, the U.S. Congress passed the Budget Control Act of 2011, which President Obama signed into law on August 2, 2011. The law represented an attempt to arrest the phenomenal spending growth that led to the explosion of the national debt during President Obama’s first two years in office. The…
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