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Business & Economics PRESS ROOM |
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Davis Leaves Edison Up the River Without a Paddle
Submitted by Benjamin Zycher on 8.28.2001
OK, kids, let’s play Hot Potato, the game du jour in Sacramento. I refer, of course, to the ongoing desperate effort to stave off the imminent bankruptcy of Southern California Edison, the result of a deeply flawed 1996 electricity deregulation law that was nothing of the kind, combined with highly perverse rule-making by the state Public Utilities Commission.
Social Security and Medicare Cannot Be “Dipped Into”
Submitted on 8.28.2001
In conjunction with today’s release of a new CBO projection showing the 2001 budget surplus to be $153 billion, news reports have claimed that Social Security and Medicare are being “dipped into” in order to pay budget expenses.
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