Inflation
Business & Economics
The Fed needs to free the market
SAN FRANCISCO (MarketWatch) — The Financial Crisis Inquiry Commission issued its finding that the devastating economic events of the past few years were “preventable.” The FCIC heaped the blame on many parties, but drew the wrong conclusion when it faulted the government and Federal Reserve for lax oversight. On the ...
Commentary
Let Education Choice SOAR Coast to Coast
Last month a strong bi-partisan coalition in Congress introduced the Scholarships for Opportunity and Results (SOAR) Act. The program would reauthorize the DC Opportunity Scholarship Program and adds to a burgeoning movement for education choice across the country. Congress launched the DC Opportunity Scholarship Program in 2004. In spite of ...
Commentary
Lessons for California from National School Choice Week
National School Choice Week kicks off on January 23, and California should be leading the country in student-centered, parent-driven reform. In the Golden State, unfortunately, system-centered education prevails, and parents empowered to choose their children’s schools are the exception, not the rule. Last year, California adopted the “parent trigger.” If ...
Commentary
The Other Way to Repeal Obamacare
It’s hard to see any downside to such a proposal. The federal government has clearly acquired far too much power, many members of this Congress and this administration are at a loss to name any limits to the scope of federal power, and the erosion of federalism has severely compromised ...
Business & Economics
The size (of our government) really does matter
To balance the state budget, more than $20 billion in the red, California legislators are fighting over spending cuts. Legislators also disagree whether California government is too big. Fortunately, there is a way to quantify the size of government, and all Californians will find it illuminating. Most discussions about the ...
Business & Economics
Broken California
California governor Arnold Schwarzenegger recently warned that if voters approve a November initiative legalizing marijuana, the state will become a national “laughingstock.” The only thing more prevalent than non-Californians poking fun at the state’s enduring political and budget mess these days is Californians who offer counsel on how to save ...
Business & Economics
No Bang for the Taxpayer’s Buck: Why California Must Reform Spending and Trim Government
California Government Spending The estimate for California’s total state spending in 2009–10 is $125.1 billion, of which General Fund spending constitutes 69.1 percent. Total state spending (nominal) has increased from $75.3 billion in 1998–99 to $125.1 billion in 2009–10 (an increase of 66.2 percent). The increases over this period outpaced ...
Business & Economics
Amending an end to out-of-control spending
If there’s anything that the vast majority of Americans can agree upon politically, it’s that federal spending is out of control. The federal budget is $1 trillion higher than in 2007. It has doubled since President Reagan’s second term, even after adjusting for inflation. Our national debt is now $13 ...
Business & Economics
The Fed won’t relinquish its bigger role
SAN FRANCISCO (MarketWatch) — Financial analysts have been parsing Federal Reserve Chairman Ben Bernanke’s speech at the August meeting of central bankers in Jackson Hole, Wyo. More worthy of attention, however, is the statement made earlier in August by the Fed’s Federal Open Market Committee. It not only represented a ...
Commentary
Government Greed, Not Human Need, Drives the Growth of Medicaid
Key Points For four and a half decades, Medicaid has experienced significantly faster cost increases than Medicare or private health spending. Since February 2009, the federal government has leveraged states’ Medicaid spending to unprecedented levels. The “stimulus” bill, ObamaCare, and the recently passed bailout for states have further reduced incentives ...
The Fed needs to free the market
SAN FRANCISCO (MarketWatch) — The Financial Crisis Inquiry Commission issued its finding that the devastating economic events of the past few years were “preventable.” The FCIC heaped the blame on many parties, but drew the wrong conclusion when it faulted the government and Federal Reserve for lax oversight. On the ...
Let Education Choice SOAR Coast to Coast
Last month a strong bi-partisan coalition in Congress introduced the Scholarships for Opportunity and Results (SOAR) Act. The program would reauthorize the DC Opportunity Scholarship Program and adds to a burgeoning movement for education choice across the country. Congress launched the DC Opportunity Scholarship Program in 2004. In spite of ...
Lessons for California from National School Choice Week
National School Choice Week kicks off on January 23, and California should be leading the country in student-centered, parent-driven reform. In the Golden State, unfortunately, system-centered education prevails, and parents empowered to choose their children’s schools are the exception, not the rule. Last year, California adopted the “parent trigger.” If ...
The Other Way to Repeal Obamacare
It’s hard to see any downside to such a proposal. The federal government has clearly acquired far too much power, many members of this Congress and this administration are at a loss to name any limits to the scope of federal power, and the erosion of federalism has severely compromised ...
The size (of our government) really does matter
To balance the state budget, more than $20 billion in the red, California legislators are fighting over spending cuts. Legislators also disagree whether California government is too big. Fortunately, there is a way to quantify the size of government, and all Californians will find it illuminating. Most discussions about the ...
Broken California
California governor Arnold Schwarzenegger recently warned that if voters approve a November initiative legalizing marijuana, the state will become a national “laughingstock.” The only thing more prevalent than non-Californians poking fun at the state’s enduring political and budget mess these days is Californians who offer counsel on how to save ...
No Bang for the Taxpayer’s Buck: Why California Must Reform Spending and Trim Government
California Government Spending The estimate for California’s total state spending in 2009–10 is $125.1 billion, of which General Fund spending constitutes 69.1 percent. Total state spending (nominal) has increased from $75.3 billion in 1998–99 to $125.1 billion in 2009–10 (an increase of 66.2 percent). The increases over this period outpaced ...
Amending an end to out-of-control spending
If there’s anything that the vast majority of Americans can agree upon politically, it’s that federal spending is out of control. The federal budget is $1 trillion higher than in 2007. It has doubled since President Reagan’s second term, even after adjusting for inflation. Our national debt is now $13 ...
The Fed won’t relinquish its bigger role
SAN FRANCISCO (MarketWatch) — Financial analysts have been parsing Federal Reserve Chairman Ben Bernanke’s speech at the August meeting of central bankers in Jackson Hole, Wyo. More worthy of attention, however, is the statement made earlier in August by the Fed’s Federal Open Market Committee. It not only represented a ...
Government Greed, Not Human Need, Drives the Growth of Medicaid
Key Points For four and a half decades, Medicaid has experienced significantly faster cost increases than Medicare or private health spending. Since February 2009, the federal government has leveraged states’ Medicaid spending to unprecedented levels. The “stimulus” bill, ObamaCare, and the recently passed bailout for states have further reduced incentives ...
