Tag Archives: Budget

California: Going Full Retard

In the movie Tropic Thunder, Robert Downey Jr.’s character is discussing method acting and a recent role of Ben Stiller’s character when he suggests: Check it out. Dustin Hoffman, Rainman, look retarded, act retarded, not retarded. Count toothpicks to your … Continue reading

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Postal Service: Poster Child For Obamacare

Zero Hedge reports on the latest news from the United States Postal Service: The epic collapse of one of the most bloated government institutions continues at a ridiculous pace. From Bloomberg: U.S. POSTAL SERVICE LOST $5.2 BILLION IN THIRD QUARTER … Continue reading

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Random Thoughts

DL Hughley reaffirms that I am a racist who resents a black President. Isn’t life in Obama’s post-racial America wonderful? Romney won’t take questions from the Press at Polish Tomb of the Unknown Soldier and is taunted by the press. … Continue reading

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Amtrak and the Normalcy of Debt

If you’ve never heard of a P&L, or had to make payroll, or you’ve worked for government all your life, Amtrak’s loss on food service, as reported by the Washington Examiner, won’t seem like that big of a deal: Taxpayers … Continue reading

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California Doom: A Perfect Storm Of Fail

The hostile business climate in California continues to force business out of the state. From the Daily Caller: “Part of [moving operations to Texas] was the cost of doing business in California,” Ronald Mittelstaedt, CEO of Waste Connections, told CBS … Continue reading

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Just Do The Math

Ending the Bush tax cuts for incomes over $250K will bring in an estimated $850 billion over 10 years. That’s a lot of money. There’s just one little problem. $85B a year doesn’t mean much when paying on a trillion … Continue reading

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Obama Agrees With Andrew Breitbart (Updated)

In his weekly address, President Obama said (emphasis mine): Over the past couple weeks I’ve been talking with folks across the country about how we’re going to rebuild an economy where if you work hard, you and your family can … Continue reading

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California Doom: The First Domino Falls in Stockton

The LA Times is reporting that the City of Stockton is preparing to file for bankruptcy. This Gold Rush-era port city, an epicenter of California’s agricultural exports, will become the nation’s largest city to seek protection under the U.S. bankruptcy … Continue reading

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California’s Priorities

California’s Budget simplified: The data is straight from the Governors Budget documents. Item  Cost (Millions) % of Budget HHS  $25,963.00 28% Schools  $48,056.00 53% All Other Government  $17,368.00 19% Education is very important. But “53% of the total General Fund” … Continue reading

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Cal Watchdog Article Cites Astronomic Deficit (Updated & Bumped)

Over the weekend I posted some comments on an article Katy Grimes posted at Cal Watchdog. There was a line in particular that has been itching at me ever since: While the budget has been declared as balanced, California is … Continue reading

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California’s Education Woes

The Governor’s revised budget for the State of California is out and it gives some insight into our legislative priorities. In a $91 billion dollar budget, $26 billion goes to Health and Human Services and $38.5 billion to K-12 Education. … Continue reading

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Califonia’s Balanced Budget is a Catastrophic Economic Tsunami

In 2010, to help motivate our Legislators, Californians voted to dock legislative pay when the State’s budget is not passed on time. We should have known our slimy representatives would find a shameful, selfish and inevitably destructive way to game … Continue reading

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Is There Hope for California, Yet?

Incredibly, the voting citizens of San Diego and San Jose, the state’s second and third largest cities, overwhelmingly voted to cut pension benefits to city workers in the election yesterday. In San Diego the vote was 68% to 32% and … Continue reading

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Regulations for Thee, But Not for Me

Poor, boned California. It’s easy to pick on the Golden State. But it’s losing its entertainment value as it becomes more clear that their troubles are catching up to them. In the last decade more than 4 million residents have … Continue reading

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There’s a Reason California is Boned

From Breitbart, “59% of Californians Happy to Raise Taxes“: Despite the fact that the projected budget deficit has risen from $9.2 billion to $16 billion, and despite the fact that Brown wants an $0.0025 increase (1/4 of a cent) in … Continue reading

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California: Have You No Shame?

I like to pick on California. But this isn’t very funny. From ABC, reporting an AP story: After the 2001 terrorist attacks, California lawmakers sought a way to channel the patriotic fervor and use it to help victims’ families and … Continue reading

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Marketwatch: Obama spending binge never happened

Yes, that’s the actual headline on the shameless Obama apologist article at Marketwatch: Why do people think Obama has spent like a drunken sailor? It’s in part because of a fundamental misunderstanding of the federal budget. Alternate headline: Don’t believe … Continue reading

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“A stunning development for the president of the United States in his fourth year in office,” Mr. Sessions said of the unanimous opposition to the President’s Budget Proposal. President Obama’s budget suffered a second embarrassing defeat Wednesday, when senators voted … Continue reading

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California: Still Stuck on Stupid

I snark at flatulent arrogant progressive California on a regular basis. But the latest economic news out of the state is so bad it falls deep into  “You Can’t Make This Stuff Up” territory: The governor, who unveiled his revised … Continue reading

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