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…
Read More »
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…
Read More »
Assemblywoman Kristin Olsen has noticed that the California Department of Transportation, also known as Caltrans, is paying “3,500 people to just be sitting around at a desk.” As Andrew Holzman notes in the Sacramento Bee, Olsen wants to cut those 3,500 full-time positions, for a saving of $500 million, half a billion dollars. As…
Read More »
The Associated Press reports that the Congressional Budget Office (CBO) questions the claims of the Obama administration regarding projected budget deficits over the next ten years in which the White House overestimates tax revenues and savings from Medicare payments to doctors. A new assessment of President Barack Obama’s budget released Friday says the White…
Read More »
In a new article in the Wall Street Journal, “Why the Spending Stimulus Failed: New economic research shows why lower tax rates do far more to spur growth,” Stanford University economist Michael Boskin examines how and why the U.S.’s $814 billion economic stimulus has failed. For many years now, Independent Institute Senior Fellow Robert…
Read More »
 |
 |
 |