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Once again, California balances budget with 'tricks'
15 hours ago ago from Danish Finances and Government Budgets
By Daniel B. Wood Staff writer / July 24, 2009 Los Angeles In dealing with California’s $26 billion budget deficit, Gov. Arnold Schwarzenegger is fond of saying he doesn’t want to just “kick the can down the road” – that is, deal with the problem later or borrow money from the next generation. But several economists watching the budget wrangling in the Sacramento statehouse say lawmakers are choosing accounting moves – some say ...
Related contentWhy You’re Broke
6 hours ago ago from PA Pundits - International
By Alan Caruba While it is incontestably true that a lot of people took out mortgage loans they could not afford to replay, it is just as true that they were encouraged to do so because banks were required by federal law to make these bad loans. Bankers even gave them an acronym, “Ninja” loans as in “No Income, No Job, No Assets.” The result was the government created “housing bubble” that was coupled with the Federal Reserves’ ...
Related contentSecond Stimulus In The Works As Only 1/4 Of First Was Spent
16 hours ago ago from Pat Dollard | Young Americans
CNS News: As President Obama and congressional Democrats push for a second stimulus package, a federal auditing agency is reporting that less than one-quarter of the economic stimulus money allocated for spending by the states has been used the majority of which went to cover increases in Medicaid. In a December report to Congress, the Government Accountability Office said that as of Nov. 27, only $69.1 billion, “or about one ...
Related contentHealth care goal posts still receding? - On Politics - USATODAY.com
19 hours ago ago from On Politics - On Politics: Covering the US Congress, Governors, and the 2010 Elections
News Shopping Buy a Car Job Search Real Estate E-mail us Get On Politics Add Politics to your page Subscribe with RSS Get On Politics in your inbox Close Sign up to receive blog updates via e-mail Delivered by FeedBurner Recent Posts S.C. House committee votes to censure Gov. Sanford Health ...
Related contentHoward Jarvis Tax group releases 10 worst tax gimmicks of 2009
1 day ago ago from SRCAR GAD
The Howard Jarvis Taxpayers Association has just published their 10 worst tax gimmicks of 2009 in California. In this state it's got to be a challenge to narrow it down to just 10 we have such a plethora to choose from. I do believe they missed the boat on #9 however. California's marijuana harvest rivals or surpasses most other agricultural crops in the state in both revenue and quality, and all that potential tax revenue is just going ...
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Senate plan is called too empowering to health insurers
13 hours ago ago from Washington Post - Politics
The Senate health-care bill could enable insurers to avoid some of the strongest consumer protections and benefit requirements adopted by state governments, Democratic lawmakers from Maine and California say. The bill would allow insurers to sell policies across state lines, subject to the laws and regulations in a state of the insurers' choosing, 31 Democratic House members said in a letter Tuesday to House Speaker Nancy Pelosi (D-Calif.) ...
Related contentVa. House leaders push Webb, Warner on health bill
2 hours ago ago from U.S. News
Va. House leaders push Webb, Warner on health bill RICHMOND, Va. (AP) -- The Republican speaker of Virginia's House of Delegates and its chief budget writer are pressuring Virginia's Democratic senators to oppose the Senate health reform bill. They're part of a Republican full-court press on Virginia's two moderate senators, Jim Webb and Mark R. Warner, as President Barack Obama and Majority Leader Harry Reid seek the 60 votes needed to ...
Related contentHouse narrowly approves Democratic jobs plan
19 hours ago ago from Media General - TBO.com
WASHINGTON - President Barack Obama's Democratic allies in the House Wednesday muscled through a year-end plan to create jobs, mixing about $50 billion for public works projects with another almost $50 billion for cash-strapped state and local governments. The unemployed would get continued benefits. But conspicuously absent from the plan were Obama's recently announced initiatives to give Social Security recipients $250 payments, a tax ...
Related contentState Farm drops plan to withdraw from Florida
21 hours ago ago from Media General - TBO.com
TALLAHASSEE - State Farm Florida dropped its plan to withdraw from the property insurance market in hurricane-prone Florida today as part of a settlement with state regulators that includes an average 14.8 percent rate increase for homeowners and condominium owners. The agreement also lets the company, which wants to reduce exposure to the greatest storm risks, not renew about 15 percent of its policies. The deal resolves a dispute ...
Related contentHouse passes temporary measures to end 2009
14 hours ago ago from Washington Post - Business
The House pushed through a last-minute flurry of legislation Wednesday, including a $636 billion Pentagon funding bill, a short-term rise in the nation's debt limit, and an extension of unemployment and health benefits for millions of jobless Americans. This Story But Democrats put off until next year some of the thorniest political issues facing the chamber. While the House passed on party lines a largely symbolic ...
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