Archive for the ‘Budget’ Category

Texas vs. California Roundup: October 2, 2012

Tuesday, October 2nd, 2012

Time for another Texas vs. California roundup. First up: The man who moved from one to the other:

  • Chuck DeVore examines the differences between California and Texas. Scariest takeaway? “With one-eighth of the nation’s population, California has one-third of America’s welfare recipients.”
  • A review of the book Crazifornia. Pay special attention to the California bridge tester who couldn’t test bridges because he was up on child sex crime charges.
  • More on how California has underestimated their debt obligations. By an order of magnitude.
  • City College of San Francisco is perilously close to bankruptcy, in part because it employs nearly twice as many faculty as similar colleges and pays them better – yet educates no more students on average, says a new financial analysis of the state’s largest public school. The college got into trouble because, unlike other colleges, it failed to make the budget cuts necessary to keep up with reductions in state funding, never set aside money for its growing retirement obligations, and ‘has provided salary increases and generous benefits with no discernible means to pay for them.'” So it’s like the State of California in miniature. Bonus: Its current budge assumes the passage of Proposition 30.
  • And speaking of propositions, Prop 37, requiring the labeling of genetically modified food, will be a windfall for trial lawyers.
  • Atwater is the latest California town having layoffs and considering bankruptcy.
  • The city manager of Stockton explains why the city had to declare bankruptcy. It’s filled with special pleading for vested union interests: “Nor can we leave the CalPERS state pension system. CalPERS should be reformed, but if Stockton didn’t offer an industry-standard pension plan, we simply would not be able to staff an already challenged police department. It is unrealistic for creditors to posit that Stockton reject existing pension obligations.” Attention anyone thinking of buying California bonds: When it comes to paying you or paying union cronies, you’re going to get the short end of the stick, no matter what the law says.
  • What other California cities could declare bankruptcy? How about San Diego and Los Angeles?
  • More signs the Texas economy is outpacing the rest of the nation.
  • Texas bonds are outperforming the rest of the nation.
  • Texas adds more construction jobs than any other state.
  • Texas cuts crime more than the rest of the nation.
  • (Hat tip: Willisms, City Journal, others.)

    Dear California: You Know That Money Will Be Wasted, and You Know Those Tax Hikes Will Be Permanent

    Friday, September 28th, 2012

    I’ve got another Texas vs. California piece coming around on the guitar, but I thought there was enough here to warrant a separate post.

    Hold on to your hats, but it seems that California voters might, just might, be catching on that the Democrats who run California’s state government are wasting their money.

    I will now wait for the indignant shouts of incredulous outrage to die down.

    Support for Gov. Jerry Brown’s plan for billions of dollars in tax hikes on the November ballot is slipping amid public anxiety about how politicians spend money, but voters still favor the proposal, according to a new USC Dornsife/Los Angeles Times poll.

    Well, I did say “might.”

    The findings suggest that voters are leery of sending more cash to Sacramento in the wake of a financial scandal at the parks department, spiraling costs for a multibillion-dollar high-speed rail project to connect Northern and Southern California and ill-timed legislative pay raises.

    If voters aren’t willing to stop spending for a $100 billion train to nowhere that everyone know will never be completed, and which would lose even more money every year if it was, when will they?

    Brown’s measure would temporarily raise income tax rates on high earners for seven years and boost the state sales tax by a quarter-cent for four years in a bid to avoid steep cuts in funds for schools and other programs.

    Note that word: “temporary.”

    Anyone with even a passing knowledge of the way politics actually works knows that there’s no such thing as a “temporary” tax hike. The only thing that prevents Democrats (and establishment Republicans) from spending every cent of every tax collected and more is booting them out of office. Raising taxes simply ensures that they’ll spend all the new revenue and additional money they don’t have on top of that. And with the fiscal tsunami California is facing from bloated government, spiraling debt, and gold-plated public employee union pensions that will bankrupt the state, those “temporary” taxes will never be repealed. Ever.

    And two or four years down the line, the next Democratic governor will be asking the voters to approve another “temporary” tax hike…

    Texas vs. California: First Day of Fall Edition

    Friday, September 21st, 2012

    Time for another Texas vs. California round-up of how the Lone Star State is kicking the not-so-Golden State’s ass in just about every measure except signing NBA free-agents.

  • You know how bad California’s debt was? Well, it’s worse than that. A lot worse. Try “at least $167 billion and as much as $335 billion.”
  • California may see more bankruptcies. (Gee, ya think?) And Jerry Brown’s desperate hunt for money is pushing more cities that way.
  • Texas continues to outperform the rest of the nation in export growth.
  • Is Democrat-run California broke because it’s corrupt? “The governor and Democratic leaders are no more serious about reforming pensions than they are about shuttering state parks. The goal they are serious about is raising taxes.”
  • Bankrupt San Bernandino eliminates almost 100 jobs.
  • You know how some claimed California beat Texas in job growth? Yeah, not so much.
  • How bad has it gotten? Minor league hockey team has “Our City Isn’t Bankrupt Night” to taunt rival Stockton.
  • Texas’ tort reforms worked, doubling the number of Texas doctors between 2000 and 2005.
  • Proposed Romney Ad: Burying the American Dream

    Thursday, September 20th, 2012

    FADE IN: Long shot of funeral.

    CUT TO: Shot of Obama in a black suit standing near an open grave.

    Obama: The American Dream enjoyed over 200 years of life.

    CUT TO: Men with Obama For America t-shirts with shovels picking up dirt from a pile labeled DEFICIT SPENDING and tossing it down into the grave.

    Obama: But it’s time for us to bury it today. It’s outlived its usefulness.

    CUT TO: Several young children at the bottom of the grave, already partially buried, as dirt rains down on their heads.

    Child: Wait, we’re not dead! Stop burying us!

    CUT To: Obama.

    Obama: It was a fine dream, but we have to move on to another dream: Of a government welfare state present at every moment of every American’s lives…

    CUT TO: Men shoveling in more dirt.

    Obama: From the cradle…

    CUT TO: Children in hole.

    Obama:…to the grave.

    Children: Stop! Just give us a chance! We want our dreams too!

    CUT TO: Obama.

    Obama: Farewell American dream. It was nice while it last.

    CUT TO: Children in grave.

    Children: Stop! Stop!

    CUT TO: Long shot of funeral, as the men continue to fill the grave.

    Children: (screaming) STOOOOOOOP!

    FADE OUT


    Anyone know the best way to send this to Romney, Restore Our Future, or American Crossroads?

    Billionaire Wants Ft. Worth Taxpayers to Pay For His Hobbies

    Wednesday, September 12th, 2012

    Ft. Worth has a $49 million budget deficit. So they’re doing the responsible thing that Texas governments do when faced with budget shortfalls: Cutting back on spending. (Maybe someone should tell California (or Europe) about this radical approach, since no one there seems to be able to cut a budget except at the edge of bankruptcy. And frequently not even then.)

    The City of Fort Worth is looking to cut the arts program by 25% which would bring the Arts Council budget to just over $537,000.

    Businessman Robert Bass and his wife have are against the budget cuts and argued for funding to be restored before the city council.

    Robert Bass is a multi-billionaire. He could pay the amount cut out of his own pocket and it would literally be less than how much his personal wealth fluctuates on the ups and downs of the stock market on any given day. But instead of ponying up, Bass believes that Ft. Worth taxpayers should foot the bill.

    You might think that a Texas oil billionaire would be a big Republican contributor. You’d be wrong. Beneficiaries of his contributions in this cycle have been Democrats like Dianne Feinstein, Ben Nelson, and Claire McCaskill. (And his wife Anne was equally generous to Democrats.)

    Government exists to carry out those tasks that cannot be carried out by non-governmental organizations (defense, courts, etc.). Government should let individuals voluntarily fund the arts out of their own pockets rather than forcing taxpayers to pick up the bill. If Robert Bass wants art organizations in Ft. Worth to be funded, all he has to do is write a check, not demand taxpayers pay for his hobbies.

    LinkSwarm for September 7, 2012

    Friday, September 7th, 2012

    Still trying to get back in the swing of things, so here’s a LinkSwarm for a lazy Friday:

  • Texas is on track to enjoy a $5 billion budget surplus, which I thought news too good to hold for the next Texas vs. California roundup.
  • The vast, yawning Obama jobs gap.
  • How Obama destroyed the Democratic Party.
  • The outgoing New York Times public editor just comes out and admits the paper is a shill for the Democratic Party:

    Across the paper’s many departments, though, so many share a kind of political and cultural progressivism — for lack of a better term — that this worldview virtually bleeds through the fabric of The Times.

    As a result, developments like the Occupy movement and gay marriage seem almost to erupt in The Times, overloved and undermanaged, more like causes than news subjects.

  • Dwight covers yet another green scam.
  • Those self-identifying as Republicans now outnumber Democrats among American voters.
  • Here’s irony for you: The Obama Administration’s War on Fossil Fuels is harming the environment in the Gulf Coast.
  • If you haven’t seen the Democrats’ self-inflicted God debacle, here’s the video:

  • And here’s Allen West’s ad about it.

  • One democratic delegate was so offended he left the party and joined the Occupy protestors.
  • Speaking of Occupy, the would-be Occupy Cleveland bridge bombers have pleaded guilty.
  • The $4.351 trillion difference between Obama and Clinton.
  • More economic rumbles from China, which is no surprise to anyone who has heard about the “Ghost Cities.”

  • Toll road between Austin and San Antonio to have 85 MPH speed limit.
  • Californians Can’t Even Stop Spending When They’re Actually in Bankruptcy

    Wednesday, September 5th, 2012

    The City Council of San Bernardino, California failed to pass budget cuts at their meeting Tuesday, despite the city already being in bankruptcy.

    After a meeting that lasted more than nine hours and stretched past midnight, the San Bernardino City Council failed to pass a plan for drastic budget reductions, an initial step in the city’s bankruptcy proceedings.

    The proposed “pre-pendency plan” included $22.4 million in cuts, achieved by measures including slashing more than 100 jobs and closing three of the four city libraries. It would not cover the entire $45.8-million budget shortfall, but city staff called the plan a necessary first step.

    Proposed cuts to the Fire Department became an irreconcilable sticking point. Twenty positions in the department were slated to be eliminated without layoffs, and the plan included an option of rotating closures at fire stations.

    Instead of voting on the budget plan as a whole, Councilman Chas Kelley made a proposal to vote on an alternate plan for the Fire Department that was backed by the firefighters union, and to direct staff to seek bids on a proposal to contract out some of the city’s trash services.
    The vote, taken after midnight, passed 4 to 3 but was promptly vetoed by Mayor Pat Morris, who had called that plan “irresponsible” and an “almost slavish adoption of a union proposal without any analysis.”

    Maybe they can delay things long enough that repo men are actually carting furniture out of the council chambers before they vote…

    (Hat tip: Dwight.)

    Texas vs. California: Dog Days of August Edition

    Monday, August 27th, 2012

    It’s late August, and California’s slide toward insolvency continues apace.

  • How badly underwater is CalPERS? Try $884 billion.
  • Speaking of California unions, here’s how they’re trying to block reform.
  • California’s recovery is much slower than the already slow pace of the rest of the nation.
  • Things have gotten so bad that Moody’s is rexamining the outlook on all California cities.
  • What California should learn from Wisconsin.
  • CalTrans spends $22.5 million on unneeded home repairs, with a hefty side-helping of graft. (Hat tip: Dwight)
  • So what happened to all those Solyndra glass tubes? Can you say modern art?
  • Texas snags it’s lowest bond interest rate ever at 0.225%. That makes sense. Broke ass California getting a 0.43% rating doesn’t.
  • Texas has five of the ten fastest growing counties (including Williamson).
  • California’s “urban forest” offset scam.
  • Texas Vs. California: August 16, 2012

    Thursday, August 16th, 2012

    Looks like California has done such a good dog of screwing the pooch that I may have to start doing these roundups weekly:

  • Although bankrupt, California is about to add another outrageous benefit to its already bloated pension plan.
  • The Road Warrior‘s future as California’s present.
  • Creditor demands that Stockton reduce it’s outrageous pension plans.
  • In deed, CalPERs and state and local governments have combined to screw both taxpayers and bond-holders.
  • Hermosa Beach meter maids make make nearly $100,000 a year.
  • Could Fresno be the next California city to declare bankruptcy?
  • That is, unless the next California city to declare bankruptcy is Los Angeles.
  • Things to Like About the Paul Ryan Vice Presidential Nomination

    Sunday, August 12th, 2012

    Just in case you were trapped in a mine, Mitt Romney selected Wisconsin Rep. Paul Ryan as his Vice Presidential running mate. There are many things to like about the pick, but I’d like to focus on just a few:

  • The election, more than ever, is about the size of government. Obama wants an ever-larger, ever more powerful federal government, while Romney-Ryan want to reign it in. Despite Romney having a reputation as a bit of a squish, the pick shows he’s serious about reigning in runaway government. And it doesn’t detract from the debate over Obama’s horrible handling of the economy: Runaway government spending (and the uncertainty it engenders) is the largest single factor holding back the economy.
  • As an observant Catholic, Ryan sharpens the debate on the Obama Administration’s War on Catholics. The fervor with which Democrats pursued codifying taxpayer-funded abortion (no matter how many House seats it cost them) and the unwavering refusal to allow Catholic and other pro-life entities to opt out from providing insurance coverage of abortion suggests that it was one of the central driving goals of passing ObamaCare. Increasingly it appears that yes, that is the hill liberals want to die on. We should let them, and make sure that devout Catholics know the contempt the liberal establishment holds for both them and their beliefs.
  • Ryan Puts Wisconsin Further in Play. Scott Walker’s budget successes, and the abysmal serial failure of the Wisconsin recall elections prove that this once solidly Democratic state has been trending increasingly purple. By naming favorite son Ryan as his VP pick, Romney has singled he’s going to put up a real fight there. Romney can win elsewhere (Nevada and Iowa, for example) and still win 270 electoral votes; I don’t see any realistic path to victory for Obama if he loses there.