Dennis Prager interviews California Senator John Moorlach (37th District) about California Assembly Bill 2943, HOWEVER, the conversation started out with budgets and economics. Sen. Moorlach is a CPA after all. This is the section I clipped for use with friends and family that state California is money rich when you speak about our states debt.
This figure should be positive for healthy organizations. It is derived by tallying the state government’s assets (monetary funds, investments, buildings, roadways, bridges, parks, etc.) and subtracting its obligations. The last positive position California had was during Governor Pete Wilson’s final term where the state had $1.5 billion in unrestricted net assets.
California is now ranked the worst state, below Illinois, whose net position is a negative $143 billion, or $11,174 per person. Illinois’ finances are so bad, they’re telling lottery winners that they may have to delay their payments.
*NOTE: For the 2015/16 fiscal year, CalPERS planned for a 7.5% rate of return, but only managed to achieve a 0.6% rate of return. Seven percent of a $400 billion liability means a shortfall of $28 billion (some 20% of Governor Brown’s general fund budget.)
3. Current Unfunded Retiree Medical Liability
California has the nation’s highest unfunded retiree medical liability at $74.1 to $80 billion.
A John and Ken reality check (posted January 2017):
John and Ken speak to Marc Joffe of the California Policy Center (http://californiapolicycenter.org/) in regard to these recent articles on the subject of California’s fiscal emergency:
John and Ken discuss the legal attacks against Trumps temporary travel ban with Professor John Eastman, who is the Henry Salvatori Professor of Law & Community Service at Chapman University Fowler School of Law. Dr. Eastman makes note that the provision allowing for the President to do this is clear. It is also clear the Courts (specifically the 9th Circuit) has overstepped its bounds… yet again. Stefan Molyneux points out that in 2012, The U.S Supreme Court reversed 86% of the 9th Circuit Court of Appeals rulings that it reviewed. WOW. That is a clear sign of something going on — like Judicial activism. Since the argument Trump used is essentially the same as Obama’s, it is hard to see why all the Justices via SCOTUS wouldn’t agree with Trumps Constitutional right in this matter.
Where are the pink vagina hats? John and Ken ask that question as sex offenders and other violent criminals — who happened to plead their case down to unburden the financial cost of prosecuting violent drug and sex related crimes — are going to be released into the California population via Prop 57… coupled with the earlier Prop 47, which has led to law-enforcement death — will harm Californians (via my post election commentary):
(PROP 47 OUTCOME EXAMPLE) This is a horrible, horrible proposition for the voters of California to pass. In reality, the policies that catch and release person’s onto our streets led directly to the deaths of Placer County Deputy Michael David Davis Jr. and Sacramento County Deputy Danny Oliver – died at the hands of President Barack Obama and California Governor Jerry Brown. And a local Sheriff was shot and killed due to Gov. Brown’s first realignment bill 47, which this double downs on:
Lancaster Mayor R. Rex Parris was interviewed by Los Angeles radio station KNX-AM before a memorial service for his friend, Sgt. Steven Owen, who was shot while answering a burglary call on Oct. 5. Trenton Trevon Lovell, on parole for an armed robbery conviction, has been charged with murder.
Brown signed the realignment bill in 2011 in response to federal judges’ orders to thin overcrowded state prisons. It was aimed at reducing the number of lower-level offenders and parole violators who cycled through state prisons by instead having county officials handle their punishment.
Westrup noted Lovell’s armed robbery conviction in 2009 came before Brown signed the bill, which stipulated no inmates currently in state prison would be released early, and all felons convicted of serious or violent offenses would continue going to state prison.
Lovell has been on parole since 2014, when he was freed from prison after serving roughly five years of a six-year sentence for robbing a university community safety officer at gunpoint.
Prior to realignment, Lovell could have gone back to prison as a parole violator after pleading no contest to driving under the influence earlier this year. Instead he served 13 days in jail and was placed on three years’ probation….
John and Ken in their humorous way look at the hypocrisy of the women at the Washington march who are worried about Trump’s vulgarity but were waaay more vulgar — either on stage or cheering for what was going on on stage. They note as well, sarcastically of course, all the marches against the rapist known as Bill Clinton. Who also stuck cigars in girls butts in the White House. Yeah, trump is the issue. John and Ken note as well the reversal of TPP which many union leaders just praised:
. . . It’s hard to overstate how ambitious this is. Few countries have ever achieved cuts this sharp while enjoying robust economic growth. (Two exceptions were France and Sweden in the 1980s and ’90s, when they scaled up nuclear power.) The EU is also aiming for a similar 40 percent cut below 1990 levels by 2030, though they’ve got a head start.
The stakes are enormous: Policymakers everywhere will be watching to see if California can pull this off. Getting a 40 percent cut will require more than bucking up wind and solar and putting more electric cars on the road. It will mean reshaping virtually every facet of the state’s economy, from buildings to transportation to farming and beyond.
I’ve heard no less a true believe in climate action than Cass Sunstein saying the California targets are crazy and won’t be seriously pursued. I think he underestimates the state’s insanity.
The numbers barely budged in Wisconsin after nearly 3 million votes were recounted. Trump picked up a net 162 votes and still won by more than 22,000 votes. The final results changed just 0.06 percent. (BREITBART)
John and Ken read from an L.A. TIMES article that raises the alarm a bit too late for Californians.
Californians are likely to pay more for gasoline, electricity, food and new homes — and to feel their lives jolted in myriad other ways — because their state broadly expanded its war on climate change this summer. The ambitious new goals will require complex regulations on an unprecedented scale, but were approved in Sacramento without a study of possible economic repercussions. Some of the nation’s top energy, housing and business experts say the effort may not only raise the cost of staples, but also slow the pace of job and income growth for millions of California families.
FOX NEWS‘ story is worth reading in full, here is an excerpt:
The federal bureaucrat who blocked armed law enforcement agents from apprehending a man involved in the San Bernardino terror attack last December, then allegedly lied to investigators about her actions, has been reassigned to another post, but likely won’t face further investigation, FoxNews.com has learned.
The U.S. Citizenship and Immigration Services supervisor who an Inspector General’s report did not name but blasted for keeping Department of Homeland Security agents from Enrique Marquez is Irene Martin, who, according to her Linkedin.com account, has been with the agency for at least 16 years, 13 years as a field supervisor.
Marquez and his Russian wife Mariya Chernykh were scheduled for an interview with Martin’s staff on Dec. 3, the day after Marquez’s friend Syed Rizwan Farook and his wife, Tashfeen Malik, killed 14 people at an office Christmas party. After the FBI learned Marquez allegedly supplied the guns, they sent five armed Homeland Security Investigation agents to the USCIS building to detain Marquez.
…Martin, who formally oversaw San Bernardino and Riverside as well as Los Angeles counties, did not return emails to FoxNews.com. USCIS in California referred calls to its Washington headquarters, where officials refused to comment. However, experts and former law enforcement agents told FoxNews.com Martin’s actions amounted to obstruction of justice.
“The USCIS field director’s behavior was not only outrageous and reprehensible, but in violation of federal law and policy that ensure any law enforcement agency the ability to make arrests or conduct interviews in government facilities,” said Jessica Vaughan, of the Center for Immigration Studies, a Washington-based research institute. “I cannot imagine any possible excuse for her actions, and it is doubly concerning that she apparently lied to the investigators about what she did. She needs to be fired, not to mention prosecuted.”
Although Marquez was only a “person of interest” a day after the attack, authorities were frantically trying to track down anyone associated with Farook and Malik. Both Farook and Malik were killed by law enforcement after their morning attack.
“When agents show up to CIS for a criminal investigation, they should never be impeded. That is obstruction of justice,” said Claude Arnold, retired special agent in charge for ICE’s Los Angeles bureau of Homeland Security Investigations.
They went to the shooting range to practice a full year before this event. That means she was in a burqa shootin an AR-15… um… if you see a person in a trash bag at the shooting range — CALL THE EFFEN FBI!
The Last Refuge has a good post and tracked down some photo’s of the Russian sisters.
Enrique Marquez Jr. who purchased the two military-style rifles several years ago that Syed Rizwan Farook and Tashfeen Malik used in the attack that killed 14 people at the Inland Regional Center, has emerged as a key figure in the investigation.
He purchased the weapons in 2011 or 2012, around the time Farook is believed to have begun considering carrying out a terrorist attack in the U.S.
Marquez also converted to Islam around that time.
Marquez lived next door to Farook on Tomlinson Avenue in Riverside for many years. He also cemented his connection to his next-door neighbor by marrying the sister of Farook’s sister-in-law last year.
The circumstances of the marriage are now also under investigation.
Hours after the deadly attacks in San Bernardino, a cryptic message was posted on Marquez’s Facebook page. “I’m. Very sorry sguys (sic),” it read. “It was a pleasure.”
Marquez checked himself into a mental health facility following the attacks.
Los Angeles’ turf rebate program saved less water per dollar spent than other Department of Water and Power conservation programs, an audit released by the city controller said Friday.
Auditors found that money spent for rebates on items such as high-efficiency appliances yielded a water savings almost five times higher than turf replacement. They also found that the DWP does not prioritize water conservation projects based on which are the most cost-effective.
City Controller Ron Galperin called on the water provider to focus its conservation programs in order to achieve more sustained and cost-effective water savings.
“If money is no object, turf replacement rebates are a relatively expedient way to save water,” Galperin said. “But, of course, money is an object.”
In fiscal year 2014-15, the DWP spent $40.2 million on customer incentive and rebate programs, Galperin’s office said. Nearly $17.8 million of that went to turf rebates. Each dollar invested in turf rebates is expected to save 350 gallons of water over the estimated 10-year “life expectancy” of residential turf replacement, the audit said.
In comparison, the department spent $14.9 million on rebates for high-efficiency appliances and fixtures. Those rebates yield a per-dollar savings of more than 1,700 gallons of water over their estimated lifetimes of up to 19 years, Galperin’s office said.
The turf rebate program “had value as a gimmick that … probably spurred a heightened awareness,” Galperin said at a news conference, adding: “It’s the job of my office to look at return on investment.”…
When the government of L.A., or for that matter our one party state, uses tax-payer monies… “money is no object.” The California boondoggles of solar power and trains come to mind. Or even the Democrats teaming up with eco-fascists to create water shortages! (See the “drought” posts here)
Money from current and future taxes taken from property owners originally meant to fix dilapidated schools and build new structures is being “sequestered” to buy overpriced iPads that will cost well over 1-Billion dollars. Here is tyhe story via Daily Caller:
Los Angeles public schools officials were forced to admit this week that their iPad program would end up costing even more money than previously believed — and Common Core’s infamous textbook company Pearson is partly to blame.
Outgoing superintendent John Deasy has long wanted to supply every student in the district with an iPad device — at the cost of $1 billion to taxpayers. Trouble set in quickly as schools began implementing the plan, however. The devices are expensive, and many low-income parents worried that they would be on the hook for damages. Teachers also had to enable the security settings so that the devices couldn’t be used at home, though some students were able to circumvent those barriers. Dozens of iPads have already been lost, broken or stolen. (RELATED: LA schools give every kid an iPad—what could go wrong?)
But little could prepare iPad skeptics for the latest revelation: LA schools must pay an extra $60 million each year starting three years from now in order to re-license the English and math curriculum software on the devices. This contradicts earlier statements made by district officials that the software would not need to be rented multiple times.
The new information leaked out during a recent school board meeting.
“We’ll need to purchase licenses after three years if we want to continue to use the content,” said Hugh Tucker, deputy director of facilities contracts, according to The Los Angeles Times.
This drew the ire of school board member Monica Ratliff.
“OK, stop right there,” said Ratliff. “At the end of three years, that content is going to disappear or we’re going to be violating something by attempting to use this content?”