Wayne Winegarden

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Spending Watch

Single Payer Will Worsen California’s Healthcare System and Reduce Economic Growth

Single Payer Will Worsen California’s Healthcare System and Reduce Economic Growth Wayne Winegarden     March 2024 With the introduction of AB 2200, advocates are, once again, proposing that California adopt a single payer healthcare system. Ostensibly, their proposed CalCare system would streamline payments, lower per-capita spending, guarantee “quality health care ...
Business & Economics

Read the latest on California's reparations proposal

Here’s what California’s radical reparations plan will cost taxpayers

Much of the discussion surrounding the push for reparations in California, New York and cities like San Francisco center on the historical justifications for mass payouts. Yet, as the ancient Greek philosopher and mathematician Pythagoras said, “Numbers rule the universe.” Reparations proponents in California are quick to dismiss criticisms over cost. ...
Blog

Spending Watch

Too Much Government Spending and Volatile Tax Revenues Drive State’s Budget Problem

Too Much Government Spending and Volatile Tax Revenues Drive State’s Budget Problem Wayne Winegarden March 2024 This analysis is the first publication of Spending Watch, a new initiative from the Pacific Research Institute. Spending Watch is a resource that evaluates the revenue, spending, and economic impacts of major budget and ...
Business & Economics

Read on the Department of Financial Protection and Innovation's latest regulation proposal

Misguided California Regulation Would Hinder Useful Financial Tool

To a hammer, everything is a nail, and so it is with California’s Department of Financial Protection and Innovation (DFPI). Don’t let the “innovation” in the agency’s name fool you – far too many of its regulations deter rather than promote innovative solutions as evidenced by the agency’s recent stance ...
Commentary

Calling Out The ESG Bait And Switch

The bait and switch that Environmental, Social, and Governance (ESG) activists have been peddling for too long is coming into focus. Activist investors claim they submit ESG proposals at annual meetings to improve corporate profitability. All too often, these proposals are attempts to hijack the corporate governance process to implement ...
Business & Economics

Nippon Steel’s Purchase Of U.S. Steel Will Improve The Economy

There has been a rare showing of bipartisanship over the past month; unfortunately, the consensus is founded on economic myths that, if acted upon, would cost jobs, increase inflationary pressures, and weaken economic growth. At issue is Nippon Steel’s offer to purchase U.S. Steel for $14.9 billion – a surprisingly ...
Commentary

Read how our broken immigration system is affecting healthcare

Limited Visas Hinder Hospitals Ability To Curb Nursing Shortfall

Covid-19 burnout and understaffed hospital wards have taken their toll on the nursing profession. An April 2023 study found that overworked nursing professionals and understaffing have driven “an overall 3.3% decline in the U.S. nursing workforce during the past 2 years.” While some argue that the term shortage is not appropriate because the number ...
Business & Economics

Wayne Winegarden calls Newsom’s budget proposal a “bunch of budget gimmicks” in The Center Square

California proposes mere $8.5 billion spending cut against $68 billion deficit By Kenneth Schrupp “[The governor’s plan] seems to be a combination of some spending cuts and a bunch of budget gimmicks,” said Pacific Research Institute Senior Fellow for Business and Economics Wayne Winegarden in an interview with The Center ...
Business & Economics

Read an analysis of the 2024-25 CA proposed budget

Gov. Newsom’s proposed budget fails the moment

Governor Gavin Newsom is wrong. His proposed budget is not “resilient;” it demonstrates an inability to learn the lessons from California’s volatile budget history. The crippling deficit is merely one manifestation of the broader crisis. Newsom estimates a $37.9 billion deficit, about one-half of the nonpartisan Legislative Analyst Office’s (LAO) ...
Commentary

The Rising Costs From Monopoly Utilities And Excessive Energy Mandates

The onset of Winter is once again highlighting the electric grid’s declining reliability. But unlike the cold Winter, a less reliable grid is not inevitable. It is a self-inflicted problem caused by monopoly electricity providers and growing renewable energy mandates that thwart competitive power markets. Instead of creating incentives to ...
Blog

Spending Watch

Single Payer Will Worsen California’s Healthcare System and Reduce Economic Growth

Single Payer Will Worsen California’s Healthcare System and Reduce Economic Growth Wayne Winegarden     March 2024 With the introduction of AB 2200, advocates are, once again, proposing that California adopt a single payer healthcare system. Ostensibly, their proposed CalCare system would streamline payments, lower per-capita spending, guarantee “quality health care ...
Business & Economics

Read the latest on California's reparations proposal

Here’s what California’s radical reparations plan will cost taxpayers

Much of the discussion surrounding the push for reparations in California, New York and cities like San Francisco center on the historical justifications for mass payouts. Yet, as the ancient Greek philosopher and mathematician Pythagoras said, “Numbers rule the universe.” Reparations proponents in California are quick to dismiss criticisms over cost. ...
Blog

Spending Watch

Too Much Government Spending and Volatile Tax Revenues Drive State’s Budget Problem

Too Much Government Spending and Volatile Tax Revenues Drive State’s Budget Problem Wayne Winegarden March 2024 This analysis is the first publication of Spending Watch, a new initiative from the Pacific Research Institute. Spending Watch is a resource that evaluates the revenue, spending, and economic impacts of major budget and ...
Business & Economics

Read on the Department of Financial Protection and Innovation's latest regulation proposal

Misguided California Regulation Would Hinder Useful Financial Tool

To a hammer, everything is a nail, and so it is with California’s Department of Financial Protection and Innovation (DFPI). Don’t let the “innovation” in the agency’s name fool you – far too many of its regulations deter rather than promote innovative solutions as evidenced by the agency’s recent stance ...
Commentary

Calling Out The ESG Bait And Switch

The bait and switch that Environmental, Social, and Governance (ESG) activists have been peddling for too long is coming into focus. Activist investors claim they submit ESG proposals at annual meetings to improve corporate profitability. All too often, these proposals are attempts to hijack the corporate governance process to implement ...
Business & Economics

Nippon Steel’s Purchase Of U.S. Steel Will Improve The Economy

There has been a rare showing of bipartisanship over the past month; unfortunately, the consensus is founded on economic myths that, if acted upon, would cost jobs, increase inflationary pressures, and weaken economic growth. At issue is Nippon Steel’s offer to purchase U.S. Steel for $14.9 billion – a surprisingly ...
Commentary

Read how our broken immigration system is affecting healthcare

Limited Visas Hinder Hospitals Ability To Curb Nursing Shortfall

Covid-19 burnout and understaffed hospital wards have taken their toll on the nursing profession. An April 2023 study found that overworked nursing professionals and understaffing have driven “an overall 3.3% decline in the U.S. nursing workforce during the past 2 years.” While some argue that the term shortage is not appropriate because the number ...
Business & Economics

Wayne Winegarden calls Newsom’s budget proposal a “bunch of budget gimmicks” in The Center Square

California proposes mere $8.5 billion spending cut against $68 billion deficit By Kenneth Schrupp “[The governor’s plan] seems to be a combination of some spending cuts and a bunch of budget gimmicks,” said Pacific Research Institute Senior Fellow for Business and Economics Wayne Winegarden in an interview with The Center ...
Business & Economics

Read an analysis of the 2024-25 CA proposed budget

Gov. Newsom’s proposed budget fails the moment

Governor Gavin Newsom is wrong. His proposed budget is not “resilient;” it demonstrates an inability to learn the lessons from California’s volatile budget history. The crippling deficit is merely one manifestation of the broader crisis. Newsom estimates a $37.9 billion deficit, about one-half of the nonpartisan Legislative Analyst Office’s (LAO) ...
Commentary

The Rising Costs From Monopoly Utilities And Excessive Energy Mandates

The onset of Winter is once again highlighting the electric grid’s declining reliability. But unlike the cold Winter, a less reliable grid is not inevitable. It is a self-inflicted problem caused by monopoly electricity providers and growing renewable energy mandates that thwart competitive power markets. Instead of creating incentives to ...
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