We were severely criticized last week by the left and the right for publishing “CALIFORNIA DEFAULT RISK TURNS BROWN INTO A CAPITALIST.” The report highlighted that California Governor Jerry Brown is steam-rolling environmentalists and regulators to generate more state tax revenue by expediting approval of pro-business infrastructure. But our detractors were stunned to learn from [...]
READ MORE »Two weeks ago I published in Big Government and on the Pacific Research Institute’s CalWatchdog website: “New California Budget Crisis May Torpedo November Tax Increase Initiative”, a report illuminating how State Controller John Chaing had shocked California’s spendthrift politicians by announcing the State would be out of cash beginning March 8th and would miss up [...]
READ MORE »
In the face of strong national consumer spending and private sector employment gains, State Controller John Chaing released California’s December’s financial statement showing the General Fund is running a staggering cash deficit of $21 billion on an $88.5 billion budget. This imploding financial condition is a reflection of how California’s high businesses taxes and excessive [...]
READ MORE »
Written by 