The Democrat candidates for President have been outbidding themselves by promising relief of college loan debt to those who borrowed money through the student loan program. They are taking it a step further than President Obama. He took over the loan issuance, relieved the debt for certain favored people and told people if they worked for the government, they could be absolved of their financial commitments even while they pulled in compensation higher than in private industry. The new proposals could not be more irresponsible but consider the sources.

Remarkably, the cost of college is never a consideration as a source of the problem. The U.S. Bureau of Labor Statistics has stated that current prices for college tuition and fees have risen 391.82% since 1990. That increase compares with the overall cost increase of 102.46% during the same period. No one wants to explain why college costs have gone up almost four times the rate of inflation. You rarely, if ever, hear of the need to cut the costs related to colleges that have really driven the student debt levels.

That would be aiming a knife at friends, colleagues and financial supporters of the people proposing… Read More

When evaluating the financial challenges facing California’s state and local public employee pension funds, a compelling question to consider is just how much more will they demand from their clients in the next economic downturn?

It’s noteworthy that CalPERS still hasn’t issued their actuarial analyses for the period ending 6/30/2018, even though a year ago, the 6/30/2017 analyses were available. Could it be related to the fact that the DJIA index on 10/01/2018 was 26,447 and as of midday 10/01/2019 it sits at 26,599? Between 6/30/2018 and 6/30/2019, did CalPERS have a bad year? And what does that mean?

What is alarming in the case of CalPERS and other public sector pension funds is the relentless and steep rate increases they’re already demanding from their participating employers. Equally alarming is the legal and political power CalPERS wields to force payment of these rate increases even after municipal bankruptcies where other long-term debt obligations are diminished if not completely… Read More

Those of you who have read my columns over the years know that a principle is to not write what other people are writing, particularly if the subject is covered ad nauseum. In other words, you (the reader) need to have a reason to spend your valuable time reading what I am conveying. Yet, I am going to delve into the topic du jour because a few things need to be said and others need to be clarified.

First, you really need to read for yourself (multiple times) the transcript of President Trump’s call with the President of Ukraine instead of letting others interpret it for you. I learned to do this in college because a classmate and I had to analyze Richard Nixon’s Checkers speech, a speech which saved his political career in 1952. After about the fifth reading we were finally seeing why this was one of the great political speeches in recorded history and we had the assignment.

After reading this current transcript numerous times, I came to understand one point clearly which is why I recommend you read it more than once. President Trump asked a favor of his Ukrainian counterpart to look into Crowdstrike. This was the beginning of an announced inquiry by the U.S.… Read More

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Since the spate of events where multiple people were murdered with long guns, many politicos have been raging that we must do something. Every sane person wants to end these mass murders committed by deranged individuals. Our citizens should feel safe when they leave their homes, go to a grocery store or a sporting event at their local school. Many point at the NRA, but mostly by those who do not understand the organization.

It should not surprise anyone that the people yelling the loudest are the least versed about the NRA. These individuals typically only encounter people with guns who are their security guards or policemen. They don’t really understand why anyone would want to own a gun. They have little curiosity to discover why someone would own a gun and less interest to attempt to empathize with those gun owners. They don’t even begin to grasp the concept of a person owning an AR-15. They think “AR” stands for assault rifle. It is for the company that developed the gun — Armalite rifle.

They think that the NRA is a nefarious organization bent on ruining the lives of Americans. The San Francisco Board of Supervisors (city council) declared the… Read More

Publisher’s Note: Every year after the end of legislative session the FlashReport works with one or two legislators to publish a list of the worst of the bad bills passed by Senate and Assembly, and sent to the Governor for consideration. This last legislative session was, predictably, not a good one for those who embrace the ideas of liberty and freedom – and who embrace the concepts of individual liberty and individual responsibility. This year we are excited to again work with conservative State Senator John Moorlach as we present to you a Baker’s Dozen, or 13, of the worst pieces of legislation to make it to the Governor. As of publication he has already vetoed one, SB 1, and signed one, AB5. When he is done we will publish a recap of what did or did not become law from the list. — Flash

SB 1 (Atkins, Portantino & Stern) – California Doesn’t Care What Federal Environmental Law Says: This bill is a partisan missile thrown at the Trump Administration for clearing up a mess of convoluted and conflicting federal environmental laws made worse by a patchwork of presidential executive orders and Supreme Court rulings… Read More

Grassroots activists in California point to the initiative process as a potent and underutilized last resort, capable of ushering in sweeping reforms. They’re right, but the initiative process is equally available to California’s progressives, backed by powerful special interests. And while the activist reformers talk, the progressives act.

How else to explain the hundreds of local ballot initiatives that are marketed to voters in California’s cities and counties every time there’s an election, which in aggregate soak taxpayers for billions in new taxes every year? In November 2016, out of224 local tax proposals, voters approved over 70 percent, adding $2.9 billion in new taxes. In November 2018, out of259 local tax measures, voters approved another estimated $1.6 billion per year in new taxes.

The vast majority of these tax measures are sponsored by special interests who stand to gain from their passage. In fact, many if not most local tax… Read More

Breaking Bad:California vs. the Other States

by Richard Rider – Chairman, San Diego Tax Fighters

Version 3.15 Revised: 17 September, 2019

Email: RRider92131@GMail.com Phone: 858-530-3027

Rider Blog: www.RiderRants.BlogSpot.com

Facebook public “blog” page: www.Facebook.com/Richard.Rider

Here’s a depressing but documented comparison of California taxes and economic climate with the rest of the states.The news is not good (at least once a month, I… Read More