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Archive of posts tagged deficit

Brown Says Pension Reform Plan ‘Fulfills Promise’ to California’s Taxpayers

By Dan AielloCalifornia Progress Report
Fulfilling a campaign promise he made to California voters last year, Governor Edmund G. “Jerry” Brown, Jr.  released his pension reform plan for public employees.
The governor’s plan includes 12 major…

A Government Of, By, and For the Corpse of Howard Jarvis

By Brian Leubitz
It won’t be saying anything new about my opinions on Prop 13 today.  No, my loathing for an initiative that set the state, and the nation really, on a drug binge of selfishness and greed has not changed. The sad state of the curr…

Jerry Brown Gives Vote of Confidence to High Speed Rail

By Robert Cruickshank
30 years ago, Governor Jerry Brown brought the concept of high speed rail to California. He fought hard to get Caltrans to embrace it and when a group of Japanese investors proposed a Shinkansen-style train from Los Angeles to San…

Reports of Low Tax Receipts in July 2011 Miss Big Picture

By Willie L. Pelote, Sr.
Recent news reports concerning lower than expected revenues in California during the month of July have prompted some to ask whether it will be necessary to enact additional budget cuts at the state level.
According to H.D. Pal…

Question For Congress Members: What About Jobs?

By Isaiah J. Poole
Even Wall Street rendered an unexpectedly brutal verdict yesterday on the passage of the deficit-reduction deal signed off on by President Obama and congressional leadership. Today, the Dow Jones Industrial Average fell more than 265…

The Californication of Congress, Continued

By Anthony Wright
Yesterday, the House of Representatives voted on a deal to lift the debt ceiling, and make significant cuts to the federal budget. Here’s the Center on Budget and Policy Priorities on the deal:
It was a hostage situation, where the H…

Capitulation to Tea Party Extremists, By Robert Borosage

By Robert BorosageCampaign for America’s Future
The raw deal on the budget ceiling has been cut. The Tea Party terrorists – the extremist faction willing to hold the economy hostage to get their way – have won. The Republic, common sense and decenc…