Sacramento Over the last nine years, California has boosted its spending on public schools and community colleges by 80 percent, and the results are pretty conclusive. California’s low-income students continue to perform near the bottom of national averages. Its overall test scores…
The Federal Reserve sold another $75 billion in overnight repurchase agreements (repos) on Wednesday, with demand dramatically overwhelming supply. And by the end of the day, the New York Fed announced increasing the overnight repos available from it to $100…
This year, the deficit will end up being the fourth highest in U.S. history. It’s gigantic, and it will hit a little over $1 trillion by the end of the fiscal year. It’s also larger than previously projected. And it’s…
Congress can’t stop spending money. Even on projects that the Trump Administration does not want or need. Right now, the federal government is carrying over $22 trillion in national debt with trillion-dollar annual deficits projected, yet they can’t stop spending…
Senator Joni Ernst (R-IA) is on a mission: to expose the wasteful government spending that balloons the federal deficit and provides nothing of value to taxpayers. Her Billion Dollar Boondoggle Act (S.565), introduced in February 2019, promises to do just…
Sacramento The award for the most ridiculous opening paragraph in a news story, this week anyway, goes to CBS Sacramento for its coverage of a 2020 ballot measure that the secretary of state has recently approved for signature gathering: “A ballot…
Sacramento “That’s bulls**t,” Gov. Jerry Brown told a group of union leaders in Sacramento this week as he addressed the latest bad news about his pet project to build a bullet train connecting San Francisco with Los Angeles. The union…
Southern humorist Lewis Grizzard, who was taken from us too early at 47 because of a bad heart, blessed us with many observations that were not only funny but acute. I’ve often shared his insight, and do believe that, “Neckties…
With the recent budget vote, Washington has decided to spend an additional $300 billion over the next two years, on top of the $1 trillion that we’ve just tacked on to the national debt with the recent tax cuts. Congress…