Tag Archives: California Budget

Why California is Destined for Years of Slow Growth and Declining Home Values

As we edge closer to issuing coveted IOUs, the spin cycle is out in full force. A report was issued showing that CEOs at the 50 firms that laid off the most workers since the recession started earned an average of $12 million. I guess the recovery will depend on who you are asking. Continue reading

Posted in Fresh Perspectives, Home Economics | Tagged California Budget, Home Prices, Unemployment | Leave a comment

Furloughs are Back

A lot of California state employees are going to start getting more three-day weekends again. Continue reading

Posted in Home Economics | Tagged California Budget, Furloughs, Unemployment | Leave a comment

This Should Make You Angry

The State of California has bankrupted itself with billions from decades of caving ever more to union pressures. It’s no secret that public employees in California make far more than their private sector counterparts…even before taking their cushy retirement program into account. This cancer has spread throughout all levels of local governments as well.

And now, CalPERS, that cushy retirement program, is demanding that we taxpayers kick in a little extra to cover some of their recent losses. Continue reading

Posted in Best Of The Storm, Home Economics, Social Mood Swings | Tagged California Budget, CalPERS | Leave a comment

California’s Austerity Plan

This afternoon, Governor Schwarzenegger unveiled his updated 2010-2011 California Budget Proposal. Updated, in part, because things are already a lot worse than the January version. Continue reading

Posted in Home Economics | Tagged Budget Deficit, California Budget | Leave a comment

California: State of Emergency, Part 2

California’s struggling economy just got punched in the gut.

April income tax receipts were $3 Billion below expectations. Continue reading

Posted in Best Of The Storm, Home Economics | Tagged Budget, California Budget, Taxes | Leave a comment