The Liberator Today

At least that's my take on these comments, as quoted in the U-T article headlined "NOT ALL PROP. 30 TAX HIKE MONEY GOING TO SCHOOL...

One of my favorite economists, John H. Cochrane writes in the Grumpy Economist : Why does everyone equate Greece defaulting on its debt wit...

Well poor Jerry Brown, rising tax revenues are complicating his plans to raise taxes. Headline from the Mercury News : Higher tax revenue c...

I have been thinking for some time about legal ways to reduce state pension obligations for current retirees. This is important in Californ...

Math is winning, what a surprise. (This is a recurring theme at The Scratching Post .) Today's U-T headline about the California budge...

Despite calling his address the State of the State, Jerry Brown's speech was really first, foremost and only about the looming budget de...

. . . or the acronym would be too revealing. California is launching $14 billion in bond sales called "revenue anticipation notes,...

In some rare good news for taxpayers, the California Supreme Court ruling that furloughs for state employees are not a violation of the stat...

Yesterday I predicted that the new California budget would stink. If rumor is to be believed, I was wrong, it stinks to high heave. W.C. ...

By now, you are probably aware that Governor Schwarzenegger signed a bill to decriminalize marijuana possession of less than an ounce. Whil...

Democrats in the California State Assembly have a brilliant plan to avoid spending cuts and tax increases to close California's $19 bill...

And no I don't mean one of those cuss words, recently outlawed in the Golden state, I mean bankruptcy. I have heard the idea of bankrup...

At San Diego's Tea Party rally last Saturday, Dawn really jolted me when she said not to give up on California, adding "Remember, t...

The California legislature, apparently feeling pretty good about themselves and how they are handling California's finances , passed a l...

I don't normally give financial advice in this column, but California's budget mess provides a perfect opportunity to take personal ...

So, my state is broke. The controller, John Chiang , announced today he would stop paying tax refunds on February 1. I guess that's w...