Education is Where the Money is – But Do the Voters Know?
Governor Jerry Brown’s answer to a reporter’s question at the budget press conference reminded me of a quick response bank robber Willie Sutton supposedly gave to the question of why he robbed banks. Said Sutton: “Because that’s where the money is.” Brown was asked why education would be targeted for cuts if tax increase measures […]
Brown’s Budget Plan Keeps His Friends Happy
Crossposted on CBS Sacramento Balancing the budget of one of the largest economies in the world isn’t easy. There’s absolutely nothing you can do that won’t outrage a significant part of the electorate. That’s why Governor Brown is smart to protect his friends—teachers and government employee unions—in his latest budget proposal. Those groups effectually run […]
Can California Be Fixed?
Crossposted on National Review Online Recently, I was driving down pot-holed, two-lane, non-freeway 101 near Monterey (unchanged since the 1960s) when the radio blared that on a recent science test administered to public schools, California scored 47th in the nation. As I looked at the congested traffic on the decrepit highway and digested the idea […]
The Two Billion Dollar Ooooops . . . .
“A billion here, a billion there, and pretty soon you’re talking real money.” – Senator Everett M. Dirksen JP Morgan Chase has enough egg on its face to make omelets for an entire country. Mystery abounds. Total trading losses may have reached $2.3 billion, and could well hit $4 billion, said the The Wall Street […]