Category Archives: Economy

Disaster: Philly Fed Report Collapses to -16.6

From Business Insider earlier this morning: The Philadelphia Fed Manufacturing Report is one of the most widely-watched regional Fed economic surveys there is. -snip- analysts are expecting a 0.0 reading, which would actually be an improvement from the -5.8 reading … 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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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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Chart-Fu

Courtesy The Weekly Standard (H/T Weasel Zippers):

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Why is California Boned? Reason 2,164

National Review’s Nash Keune takes aim at one of my favorite targets, California, and its bloated welfare rolls: California is the nation’s welfare queen: The state accounts for one-third of America’s welfare recipients, though it only contains one-eighth of the … Continue reading

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Chart-Fu

From Townhall:

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