CA Controller Reports Revenues $2.68 Billion Short of 2016-17 Budget Act
By Stephen Frank on Jul 17, 2017 09:01 pmThough spending went up in 2016-17, revenues expected went down. That means the debt of the State has gone up. Government continues to spend, regardless of revenues. “For June, personal income tax (PIT) receipts of $10.94 billion were $161.0 million shy of May estimates, or 1.5 percent. For the fiscal year, PIT receipts of $82.72 […]
Read More and Comment: CA Controller Reports Revenues $2.68 Billion Short of 2016-17 Budget Act
Eber: Radical progressives adventures in Fantasy Land
By Stephen Frank on Jul 17, 2017 08:56 pmRichard Ebers’ article reminded me of the Communist Party of the 1960’s—tired, ideologues, fearing reality. Though they seem to have lost of energy, in fact, they only want to destroy. To them life is a game with no rules. The Progressives are really anarchists and hedonists—in reality they love being bullies for the heck of […]
Read More and Comment: Eber: Radical progressives adventures in Fantasy Land
California government retirement plans are more than 50% underfunded
By Stephen Frank on Jul 17, 2017 08:53 pmCalPERS is claiming in its latest release that it is 68% funded. They are as truthful as Obama when he said you could keep your own doctor. Here are the facts: “Governmental refusal to pre-fund retiree health benefits causes state and local governments to drastically overstate the solvency of their retirement benefit systems. Let’s consider […]
Read More and Comment: California government retirement plans are more than 50% underfunded
Paramount Gets Paid While Best and Brightest Leave California
By Stephen Frank on Jul 17, 2017 08:51 pmCalifornia has high taxes—to help the poor, the illegal and the corrupt. In that category you will find the billion dollar film companies like Paramount, taking millions from the California poor and middle class, to film movies with ultra rich actors. The poor get poorer and the movie industry gets richer. Where are the Sean […]
Read More and Comment: Paramount Gets Paid While Best and Brightest Leave California
CalPERS says investments returned 11.2 percent
By Stephen Frank on Jul 17, 2017 08:49 pmIn 2015 the CalPERS investments returned .61%. In 2016, they returned 11.2%. So, the average for the two years in just under 6%–meaning the 7.5% needed to stop the growth of the unfunded liabilities did not happen—in fact the unfunded liabilities continued to grow. At this point the real number is $1.4 trillion of unfunded […]
Read More and Comment: CalPERS says investments returned 11.2 percent
Central Valley to Become National HQ for Marijuana Growing
By Stephen Frank on Jul 17, 2017 08:47 pmThe Central Valley, years ago grew more cotton than the State of Mississippi. This Valley has been the leader in many crops. Then came the government refusal to allow needed water to the Valley, and now the fastest growing crop are solar panels in solar farms. San Luis Obispo had had several hundred requests to […]
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High-Flying California Charts Its Own Path — Is A Cliff Ahead?
By Stephen Frank on Jul 17, 2017 08:45 pmWe have the highest taxes and worst roads in the nation. LAUSD in 2015 had a real graduation rate of 54%. Silicon Valley has high wages, making it look like California is doing well—but the cost of housing is the highest in the nation, meaning folks must live in homes they do not want, but […]
Read More and Comment: High-Flying California Charts Its Own Path — Is A Cliff Ahead?
Elias: Unions won’t lie down as clout is threatened
By Stephen Frank on Jul 17, 2017 08:43 pmThe number of people paying bribes to unions in California, while among the highest in the nation, is down. In all States that free the workers from paying bribes in order to work, union membership is down by 50% or more. There are some Supreme Court cases, that could end the theft from workers by […]
Read More and Comment: Elias: Unions won’t lie down as clout is threatened
PC vs. Public Safety: San Francisco Withholding Security Footage of Crimes to Prevent ‘Racial Bias’
By Stephen Frank on Jul 17, 2017 08:40 pmBART wants you to know who is committing crimes—they want the help of the public. But, they do not want the public to see the videos of the crime as they are happening? Why because if you saw a white or black person committing the crime, BART would be racist. They believe that allowing the […]
Read More and Comment: PC vs. Public Safety: San Francisco Withholding Security Footage of Crimes to Prevent ‘Racial Bias’
Housing Crisis Looms as San Diego County Builds Only 50% of Homes Needed
By Stephen Frank on Jul 17, 2017 08:38 pmSan Diego, like the rest of California has a housing problem. One reason is that a couple million illegal aliens are taking the housing that honest citizens should have. Enforce our immigration laws and a lot, not all, of our housing crisis would be solved. Then you have the taxes, government created delays and regulations […]
Read More and Comment: Housing Crisis Looms as San Diego County Builds Only 50% of Homes Needed
In Case You Missed It:
Steve Frank is BACK5 million immigrants granted US citizenship can’t speak English
Los Angeles Schools Face Fiscal Woes
Malcolm Gladwell Wants You To Hate Golf So He Can Steal Private Property
Community Groups Protest San Jose’s Crackdown on Homeless Feedings in St. James Park
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