CALIFORNIA POLITICAL NEWS & VIEWS 03/05/2016 OBAMA PLANS TO ROB RETIREES

BART Decides to Lose MORE $$–Pay People NOT to Ride Train By Stephen Frank on Mar 04, 2016 08:25 pm Government transportation, like BART (Bay Area Rapid Transit) pays less than 30% of it operating expenses from the fair box—the taxpayers fund the rest. So, it is shocking that this massive money loser is so poorly run, they prefer to pay people NOT to ride the system, than fix it. No, this is not a […] Read More and Comment: BART Decides to Lose MORE $$–Pay People NOT to Ride Train UC paid billions in fees to hedge funds that only mirrored stock market By Stephen Frank on Mar 04, 2016 08:22 pm Imagine paying one billion in fees and getting the same results if you had just read the financial pages of a newspaper. The big question is who made these decisions? Why did they continue after $200 million, $400 million $750 million was wasted? Instead billions of dollars were given to Wall Street—and the UC officials […] Read More and Comment: UC paid billions in fees to hedge funds that only mirrored stock market Radical Job Killer Loses Position Running Government Board By Stephen Frank on Mar 04, 2016 08:15 pm For close to twenty years Barry Wallerstein has been putting the screws to businesses and jobs in southern California. As the Executive Officer of the South Coast Air Quality Management District (SCAQMD), he has been telling employers to spend lots of money on non-productive “cleaning” products, new technology and to force whole industries out of […] Read More and Comment: Radical Job Killer Loses Position Running Government Board Full Cost of ONE YEAR At USC: $70,000—Not a Typo By Stephen Frank on Mar 04, 2016 08:12 pm Imagine spending $280,000 for a college degree at the very prestigious USC and not qualifying to get a real job. That is what is happening to those with diplomas in gender students, ethnic studies and other biased departments. But, these unemployables do have a USC degree and a debt that will be with them for […] Read More and Comment: Full Cost of ONE YEAR At USC: $70,000—Not a Typo Anna Eshoo bill proposes tax relief for homeowners: People who pay association fees could get tax break By Stephen Frank on Mar 04, 2016 08:09 pm Almost 9 million Californians pay taxes to government and “dues” to homeowners associations. These associations can be more vicious and lacking in protections of government. Full disclosure, I am the president of my HOA because the homeowners need protection from those that willy-nilly want to raise dues, set up slush funds, bully other homeowners. If […] Read More and Comment: Anna Eshoo bill proposes tax relief for homeowners: People who pay association fees could get tax break California: Three Anti-Gun Bills Pass Assembly Public Safety Committee By Stephen Frank on Mar 04, 2016 08:08 pm Your right to protect yourself is again being marginalized by hack politicians with bodyguards in Sacramento. In an era of terrorism and massive shootings, the Democrats want to assure the bad guys THEY are safe from harm by innocent victims. Want more victims? Vote Democrat. “On Tuesday, March 1, the Assembly Committee on Public Safety […] Read More and Comment: California: Three Anti-Gun Bills Pass Assembly Public Safety Committee LA On the Grow: Public Market Plan Has San Pedro Feelin’ Good By Stephen Frank on Mar 04, 2016 08:07 pm Universal City in North Hollywood was financed by a movie company. Disneyland and Knotts Berry Farm were privately financed. They make money. The LA Convention Center, is financed by government and loses money. Government transportation systems are notorious for losing money. Want to make money, invest in private firms. Want to lose lots of money […] Read More and Comment: LA On the Grow: Public Market Plan Has San Pedro Feelin’ Good Too Little too Late: The Truth about LA’s $7.6 Billion Pension Adjustment By Stephen Frank on Mar 04, 2016 08:05 pm The City of Los Angeles is about to suffer from a deficit that could run as high as $150 million. In fact, that is a minor problem for the city. This is a city where criminals are given free run of the streets, while crime is up 20%, arrests are down 3%. The middle class […] Read More and Comment: Too Little too Late: The Truth about LA’s $7.6 Billion Pension Adjustment High Speed Rail Authority Unable to Sell Bonds By Stephen Frank on Mar 04, 2016 08:04 pm Looks like investors understand that the $200 billion boondoggle, choo choo train, is not going to be built and the bonds already sold maybe good for expensive wallpaper. Just yesterday they admitted the project is three years behind schedule—after admitting they lied about cots, routes and ridership. If your financial adviser suggests you buy these […] Read More and Comment: High Speed Rail Authority Unable to Sell Bonds Report: Obama Rule Would Cost Middle Class $80 Billion in Lost Savings By Stephen Frank on Mar 04, 2016 08:03 pm Thanks to a “minor” rule, the hard working families of America will lose upwards of $80 BILLION dollars in savings—just because Obama can do it. He so hates the middle class, he is refusing to allow the middle class to take advantage of financial advisers—without putting them into jeopardy of being sued, jailed and losing […] Read More and Comment: Report: Obama Rule Would Cost Middle Class $80 Billion in Lost Savings   In Case You Missed It: Guv Brown Wants $36 Billion in NEW Taxes—Wants HIGHER Gas Prices for Consumers Forget Being An American: USDA Spends $642,776 to Turn College Students Into ‘Internationally Minded Citizens’ What Recovery? L.A. County Debt Goes From $8.2 Billion to $16.8 in TWO YEARS Anaheim Tennis Center Project Moves Forward Despite Mayor’s Disapproval Assemblyman Harper Announces Bill to Give Voters a Voice on Transportation Tax Increases