SACRAMENTO, Calif. — Lawmakers' optimism about finally reaching a deal to close the state's $26.3 billion budget deficit on Sunday turned out to...
Ellen Brown | Posted 08.14.2009 | Politics
California could put its revenues in its own state-owned bank and fan these "reserves" into many times their face value in loans, using the same "fractional reserve" system that private banks use.
David G. Crane | Posted 08.14.2009 | Politics
It didn't have to be this way. Had California accounted for its promises, billions would not have to be taken from discretionary programs, which is just the first wave of a massive tsunami: our underfunding is simply staggering.
Ann Pettifor | Posted 08.14.2009 | Business
California's economy is in free fall. This appears to be of little concern to Governor Schwarzenegger, who instead prefers to focus his energy, attention and political capital on the ballooning state budget.
Paul Hogarth | Posted 08.09.2009 | Media
Bipartisan peacemaker? The only thing Arnold ever succeeded in getting Democrats and Republicans in Sacramento to agree on is that they both dislike him.
Ellen Brown | Posted 08.08.2009 | Business
The world's eighth largest economy is not going quietly into that pit of debt and devastation that has devoured Third World countries whole.
Jerome Halligan | Posted 08.06.2009 | Comedy
Arnold Schwarzenegger announced that his state "will skip directly to 2011." California faces a projected $26.3 billion budget deficit, and the state's controller began handing out IOUs last week.
Giles Slade | Posted 08.04.2009 | Politics
Sarah's resignation confirms what her values actually are by defining what is most important to her. Governor Palin is going to keep as much of her newfound money as she can.
Karen Bass | Posted 08.02.2009 | Politics
Small businesses, students, seniors, and taxpayers will all start receiving IOUS. This shameful day didn't have to arrive. In fact, Governor Schwarzenegger had several opportunities to prevent it.
Joseph A. Palermo | Posted 07.31.2009 | Politics
Schwarzenegger's brinkmanship might satisfy his ego but it is a terrible blow to California's health and to the national economy.
Ellen Brown | Posted 07.31.2009 | Politics
Schwarzenegger rejected a plan that would save $3 billion by cutting school spending. He said he'd rather see the state issue IOUs than delay the funding problem with a piecemeal approach.
Sheldon Filger | Posted 07.26.2009 | Business
Schwarzenegger demonstrated uncharacteristic candor when he addressed a joint session of the California legislature and accurately outlined the brutal reality underlying California's dire fiscal crisis.
Amy Ephron | Posted 07.23.2009 | Green
As a native Californian and a conservationist, the idea that our State Parks may not remain open past summer has sent me off on a wild fury of exploration.
AP | Posted 07.20.2009 | Politics
LOS ANGELES — California Gov. Arnold Schwarzenegger's plane has been diverted to the Van Nuys Airport in Los Angeles' San Fernando Valley becaus...
LA Times | Posted 07.20.2009 | Politics
As lawmakers wrangled last week over how to plug California's giant deficit, the governor who once called them "girlie men" sent the state Senate lead...
Byron Williams | Posted 07.19.2009 | Politics
Single mothers living below the poverty line do not need additional help. Libraries and school lunches are a waste of the public's resources. And low income students, you're out too. Deal with it.
Joseph A. Palermo | Posted 07.16.2009 | Politics
A grassroots movement working within Democratic Party structures might break the cycle of abuse the Republican minority has inflicted upon the state.
Mike Farrell | Posted 07.04.2009 | Politics
Leadership, Governor Schwarzenegger, means doing the right thing: serving people, not victimizing them.
Joseph A. Palermo | Posted 06.26.2009 | Politics
If Arnold and the Democrats can waste state money holding failed ballot initiatives and "special elections" they can set aside a little cash for a Constitutional Convention.
Matthew Filipowicz | Posted 06.21.2009 | Comedy
As you will see, during Cheney's speech, a malfunction of some sort caused a small explosion which caused the Cheney-Borg's flesh-like covering to melt, thus revealing the endoskeleton hidden beneath.
AP | JUDY LIN | Posted 06.19.2009 | Politics
LOS ANGELES — California voters say if the state is running a deficit, lawmakers shouldn't get a raise. Voters in Tuesday's statewide special e...
Rose Hayden-Smith | Posted 06.18.2009 | Green
Talk about selling fairgrounds? If we value the future of agriculture in California, this is not a dare any of us should be willing to take.
AP | JULIET WILLIAMS | Posted 06.11.2009 | Home
SACRAMENTO, Calif. — Gov. Arnold Schwarzenegger is warning that California faces a $15.4 billion budget deficit in the coming fiscal year, nearl...
Paul Armentano | Posted 06.07.2009 | Politics
Walters demonstrated that he remains an unrepentant liar -- even though he's no longer paid by the federal government to be one.
New York Times | Jennifer Steinhauer | Posted 06.01.2009 | Politics
When asked Friday after giving a speech on health care in which he highly praised President Obama and other Democrats whether he would ever consider e...
AP | DON THOMPSON | Posted 08.19.2009 | Politics