Greenhut on CA’s Real Financial State: A fantastic spin and denial of reality

Sunday’s The Daily Democrat published State’s wall of debt dead ahead, by Steven Greenhut, potent enough to keep you up at night, if you practice a habit of conscious critical thought.

A cursory glance at Gov. Jerry Brown’s new budget could make you believe that California’s days of fiscal gloom are over as he champions a balanced budget and newfound “fiscal restraint.”

 
But it’s all manipulated spin to divert your attention to the details. Here are a few nuggets to rattle your nerves if you dare:

The nonpartisan Legislative Analyst’s Office agrees that the budget is basically balanced, but the agency’s head, Mac Taylor, expressed concern:
“It doesn’t pay all of the wall of debt within the time period. It builds up very little of a reserve by the end of that period, and it does nothing regarding our various retirement-related obligations.”

 

Even more disturbing:

Others were blunter about California’s financial health. As the Los Angeles Times reported: “It owes Wall Street more per resident than almost every other state. And it has accumulated a crushing load of debt for retiree pensions and health care, now totaling more than taxpayers spend each year on all state programs combined.”

There’s more, and I don’t expect anyone of those who prefer to continue living in a delusional state of denial.   This addiction to living as if money can be plucked from whomever has it, at will of any elected officials and their supporting voters is more powerful than any addiction to nicotine, hard drugs or alcohol.   It appears evident that there is no hope for a recovery until the collective abusers and enablers hit rock bottom.

Unfortunately a lot of people will be hurt in that process.    There’s a lot more sober talk by Greenhut in this piece.  Click here to read it in full. 

Gadfly Radio with Martha and CalWatchDog: Tonight, Ben Boychuk, John Seiler, with special guests Arun Ramanathan on teacher quality & Diane Goldstein on drug wars in LA County and what does Obama snack on?

Gadfly Radio Tonight, at 8 PM PT


Live Call in number: 1-818-602-4929
Jan 31, 2012:  Tonight live at 8 p.m. PT on Gadfly Radio, Martha Montelongo along with Ben Boychuk of CA City Journal and John Seiler of CalWatchDog.com

Arun Ramanathan from Education Trust West speaks to us about a recent report they just published on the findings of a two- year-long study of data from the second largest school district in the nation, revealing profound inequities in access to effective teaching.  In Learning Denied: The Case for Equitable Access to Effective Teaching in California’s Largest School District, The Education Trust—West finds that low-income students and students of color in the Los Angeles Unified School District (LAUSD) are less likely to be taught by the district’s top teachers – the very teachers capable of closing the district’s achievement gaps. These inequities are exacerbated by teacher mobility patterns and quality-blind layoffs.

YouTube Ignores LAPD Cop’s First Place Question for Obama About Legalizing Marijuana  
 WASHINGTON, DC — “Yesterday YouTube ignored a question advocating marijuana legalization from a retired LAPD deputy chief of police (watch that video at the link above) that won twice as many votes as any other video question in the White House’s “Your Interview with the President” competition on the Google-owned site. They did, however, find the time to get the president on record about late night snacking, singing and dancing, celebrating wedding anniversaries and playing tennis.”
Retired LAPD deputy chief of police Stephen Downing asks President Obama about the growing support for marijuana legalization among voters. Stephen is a member of Law Enforcement Against Prohibition, which anyone can join for free at http://www.CopsSayLegalizeDrugs.com.

I invited Chief Downing to join us but he was already booked, but we do have Diane Goldstein, also a retired law enforcement officer with LAPD and member of LEAP, to speak with us on this slight to American Voters’ pressing concerns, and the assault on the state passed laws to legalize Medical Marijuana in Los Angeles, CA.


More links to hot stories:

by Joel Fox
A couple of months ago, at a discussion on the initiative process at a Zocalo Public Square meeting in Los Angeles, the panelists were asked what one thing they would change with the initiative process…

We’ll take your calls, questions and comments on the air at 1-818-602-4929, on FB instant chat or Twitter. 

I am a stand for liberty, integrity, empowerment, and prosperity for all people; a stand for vibrant and innovative small businesses that create jobs, that in the process of prospering, nurture and support creative and dynamic culture, in the work place, and in our personal lives.

 Thank you for supporting our program, by listening, sponsoring, and or sharing this post with others. 

It’s a pleasure to share this program with 
CalWatchDog’s team of government policy watch dogs and the great investigative work they produce! 

Tuesday nights live, on Gadfly Radio in Southern California or where ever you are. California, the land of beauty and unlimited possibility because of the abundance of our greatest capital resource, our human resources, when we get it right. Join us. 

Or you can listen to a podcast later, if you miss the live call-in show by clicking on the white player to stream or the orange player to download and or subscribe to Gadfly on iTunes:




Million-Dollar Nurses Show California’s Struggle to Cut Payroll – Businessweek

Million-Dollar Nurses Show California’s Struggle to Cut Payroll – Businessweek

Tonight on Gadfly Radio, Martha w/CalWatchDog’s John Seiler, City Journal & Claremont Institute’s Ben Boychuk, and CA Sen. Doug LaMalfa on CA budget deal, a tax cut July 1st, and San Francisco may ban circumcisions and sale of pets in the city.

Gadfly Radio Tonight, at 8 PM PT

Live Call in number: 1-818-602-4929

June 28, 2011 Tonight live at 8PM PT:
Tonight on Gadfly Radio, Martha Montelongo, CalWatchDog’s John Seiler, CA State Senator Doug LaMalfa R D4, and City Journal contributing writer and Claremont Institute fellow and columnist Ben Boychuk. 

We’ll discuss the new fake budget deal just cut (Seiler says Chiang should oppose this one too because it’s also a fake budget) between the Dems in the CA Legislature and Governor Jerry Brown.  Californians are about to enjoy a sales tax cut come July 1st. 
Did CA Controller Chiang’s  move to suspend pay to the legislators for their reject budget delivered June 15th blaze a new political trail in CA?  John Seiler thinks so. He thinks this is a showdown between the left and the fiscally responsible within the Democratic Party.  We’ll discuss it.
We’ll talk with Senator LaMalfa about policy shaping up under most people’s radar, concerning AB 32’s impact on water for CA agriculture and water and power for Californians including Southern Californians who seem blissfully unconcerned, as if the water wars don’t concern them.   Two articles on the politics of water policy  here and here.
Ben Boychuk has been posting on Facebook about San Francisco’s efforts to ban the practice of circumcision on infant boys within the City/County limits.   We’ll talk about this and their efforts also to ban the sale of pets in the City.  Nannystate or deflection from their fiscal crisis?

We’ll take your calls, questions and comments on the air at 1-818-602-4929. 

 I am a stand for liberty, freedom and prosperity for all people; a stand for vibrant and innovative small businesses that create jobs, that in the process of prospering, nurture and support creative and dynamic culture, in the work place, and in our personal lives.   Thank you for supporting our enterprise, by listening, sponsoring, and or sharing this newsletter with others.  I value your patronage. 
It’s a pleasure to share this program with CalWatchDog’s team of government watch dogs and the great investigative work they produce!
Tuesday nights live, on Gadfly Radio in Southern California or where ever you are.  California, the land of beauty and unlimited possibility because of the abundance of our greatest capital resource, our human resources,  when we get it right.   Join us.

Or you can listen to a podcast later, if you miss the live call-in show by clicking on the white player to stream or the orange player to download and or subscribe to Gadfly on iTunes: 


iTunes

John Seiler’s Headline reads “John Chiang Blazes Future of CA Politics” Bold Prediction or Wishful thinking? A fun and thought provoking read!

As they said in old-school physics, nature abhors a vacuum. Passed last November, Proposition 25 marginalized California Republicans by dropping from two-thirds to a majority the threshold for passing a state budget. That left the Democratic majority in the Legislature unfettered in its spending mendacity.

Into the void stepped Controller John Chiang, a fellow Democrat, to run the numbers and say the budget was unbalanced — that it was no real budget. Therefore, as the guy who writes the checks for the state, he was docking the legislators’ pay.

The pay docking also was part of Prop. 25. Except that the initiative didn’t indicate exactly how the pay was supposed to be withheld. As with almost all initiatives in this state, it was badly written, with the details left to be sorted out by the courts — another full employment program for lawyers.

Excuse the legalese, but here’s the exact wording of Prop. 25 on the pay matter: Click here to read more.

CA Voters who Passed Prop 25 in 2010 have made us all a bunch of Wile E. Coyotes, off a cliff with a heavy anvil following us down!

Wile E. Cayote Genius CA Voters got what they signed up for. Yup! They fixed those Legislators Good. Gave up the 2/3rd requirement to pass a budget, and in return forced the legislators to pass a budget on time or else! NO BUDGET ON TIME, NO PAY! So, the clever devils “passed” a “budget” and the Gov promptly vetoed it because it was a sham. Business as usual except now Republicans have no power to veto tax increases. The rascals averted docked pay! The suckers are left falling off a cliff.

Clever CA Voters who passed California Proposition 25, Majority Vote for Legislature to Pass the Budget (2010)
Clever CA Voters think they’ve got it all handled now that they’ve removed all obstacles to the legislators who just want to do the right thing! Sure!
CA Voters i.e. Wily E. Coyotes, falling off a cliff–Gov Brown vetoes the stupid budget passed by the critters in the legislature so that they could do what they do every year–nothing that fixes our financial crisis–and still get paid on time, business as usual!

Here’s Richard Rider’s take on it:
JUNE 16, 2011 3:22PM
California budget Kabuki dance continues
by Richard Rider

The Sacramento Kabuki dance continues. As I publicly predicted, our state legislature (well, the Democrat majority) passed a state “budget” on time — to avoid forfeiture of pay for tardiness. And as I predicted 10 November, 2010, Governor Jerry Brown has vetoed the absurd submission. The only surprise is the speed with which Brown rejected the legislators’ fantasy plan.

The budget submitted was a particularly imaginative piece — a disjointed combination of bogus revenue projections, even more accounting gimmickry, illegally passed tax increases and sources of revenue that this same legislature was bound to reject when the follow-up bills came before them (such as selling state government properties). Brown did the only possible thing he could — he vetoed the mess.

Oddly enough, it’s doubtful that many state legislators are upset with the veto. Indeed, it Brown HAD approved it, then the repercussions later in the year when the fraud became apparent would have been more harmful politically than the veto today.

Now comes the part that will shock the voters — something that will become apparent in the next 24 hours of news analysis. Most will assume that, with the governor’s veto, the forfeiture of all legislative pay will commence, as the budget is now past the 15 June deadline. But when Prop 25, the “Majority Vote for Legislature to Pass the Budget,” was passed, few understood that it mandated only that a budget — ANY budget — must be passed by the state legislature by 15 June. A gubernatorial veto has no effect on the satisfactory completion of that requirement.
Click here to read more

Brown Impounds Cell Phones!

How about cars and gas cards, and laundry services, and retirement at 52? Now that would be something to talk about, on a landline of course.
Brown Impounds Cell Phones!

Bookmark and Share

EDITORIAL: BREAKING BAD–CALIFORNIA VS. THE OTHER STATES

By Richard Rider, Chairman, San Diego Tax Fighters

August 21, 2009 (San Diego) — Here’s a depressing comparison of California taxes and economic climate with the rest of the states. The news is breaking bad, and getting worse (I keep updating this article):

California has the 2nd highest state income tax in the nation: . 9.55% at $48,000. 10.55% at $1,000,000

Our state is by far the highest state sales tax in the nation. 8.25% (not counting local sales taxes)

We have the highest state car tax in the nation – at least double any other state. 1.15% per year on value of vehicle.

Our corporate income tax rate is the highest in the West. 8.84%

California’s 2009 Business Tax Climate ranks 48th in the nation.
taxfoundation.org/

We have the fourth highest capital gains tax 9.55%
thereibrain.com

We also have the highest gasoline tax (averaging 64.5 cents/gallon) in the nation (July, 2009). When gas hits $3.00/gallon, we are numero uno – because unlike many states, we charge sales tax on gasoline purchases (built into the price).
api.org

Our state has the fourth highest unemployment rate in the nation. (July, 2009) 11.9%. National rate 9.4%.
bls.gov/news.release
Read the rest of the report here

Bookmark and Share

Who Killed the California Economy? A Murder Mystery


Found this video on Jon Fleischman’s The Flashreport.org publication, Wednesday, March 25, 2009

CA’s budget disaster: Expenses are more than we can ever hope to collect, even with large tax increases & it centers around state employee pensions

…moving into what is one of the worst stalemates over the budget in history.

Now we hear that the state is going to go to the voters for tax increases, with a possible election in April…

California has a structural problem in its budget, as evidenced by the fact that even in good economic times we have run a deficit. When times are bad, the deficits explode. This began in the year 2000, when a tremendous increase in the pension and compensation of state and local government employees began.

This is one of the real problems of the state’s structural deficits. Our expenses are more than we can ever hope to collect in taxes, even with large tax increases, and it centers around the state’s main expense, employee compensation.