This article in the Wallstreet Journal spotlights the recent campaign initiated by the California Foundation for Fiscal Responsibility (CFFR) to publicize the names of state employees receiving over $100k a year in government pensions. Though past attempts to cut these pensions have failed, the CFFR is currently pushing for a referendum that would cut pensions and save the state billions of taxpayer dollars.

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This article in the San Diego Union Tribune recalls the genesis of California’s budget deficit. It shows how the board of the California Public Employees Retirement System (CalPERS) initiated a pension rise that they promised would not affect the state budget in the long run. However, a decade later this pension plan continues to cost the state billions of dollars.

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To free wheeling, big spending politicians, David Walker is the "boogeyman." To those who want ever bigger government, his exposing of their dirty secrets is a nightmare. So who is this man who has politicos shaking in their boots?  Read more >>

Within the last week the stock market has reached an all-time high. But wasn't it just weeks ago that the market suffered a one-day decline of over 400 points, the worst since the 9/11 attack?  Read more >>

Several news reports over the last week had me thinking of the 1973 Charlton Heston movie Soylent Green, an "Al-Gorean" view of the earth's future as a dying planet no longer able to provide enough food to sustain the human population. At one point during the film, the mayor of New York treats his children to a visit to Central Park where they get to see the tree. That's right -- the tree, because it is the last one, a feeble specimen ensconced in a guarded geodesic dome.  Read more >>