The Legislative Analyst, Elizabeth Hill, has once again issued a report where she is VERY concerned about the structural deficit of the State of California. Assembly Republican Leader Mike Villines (pictured) responded to her alarming report by saying:

The Legislative Analyst, Elizabeth Hill, has once again issued a report where she is VERY concerned about the structural deficit of the State of California. Assembly Republican Leader Mike Villines (pictured) responded to her alarming report by saying:

Though California has made progress in reducing the size and severity of our state’s fiscal problems, today’s report shows that much work remains to be done if we are to truly eliminate the deficit once and for all. With a… Read More

You will never look at a pencil the same way again. Milton, we will miss you. … Read More

Thanks to HJTA for providing the text and links……

A Great Man Passes

Nobel Prize-winning economist Milton Friedman has passed at the age of 94.

Many know him as a great advocate for the virtues of the free-market economy, but fewer may recall that he was an enthusiastic supporter of Proposition 13. In 1978 he appeared in television spots saying, "Don’t let politicians fool you. Proposition 13 will work. It will not force schools to close. It will not cause policemen or firemen to disappear. It will not require increases in other taxes."

Professor Friedman and his wisdom will be sorely missed.

Links to news stories:

The Financial Times Los Angeles Times… Read More

We just got this update in from FR reader Eric Linder:

A representative from the Riverside County Registrar of Voters office informed me that there are still over 100,000 ballots from last Tuesday’s election that have yet to be counted throughout Riverside County, and that as of this morning they have begun counting them.

In the election for Western Municipal Water District, Div 1 alone, there are still 4,000 outstanding ballots, which means that this race, as well as many others, are still being decided.

The Registrar’s office confirms that there are 14,400 absentee provisional ballots, 5,000 absentee ballots that were brought to the polls, and 1,000 provisional ballots, that have not been tallied.

Other races within 350 votes include:

Coachella Valley USD TA 1 – 7 votes separate winning and losing candidate Hemet USD – 140 votes separate Jurupa USD TA 3 – 165 vote difference Jurupa USD TA 5 – 10 vote difference Val Verde USD – 198 votes separate Menifee Union SD – 4 votes separate Eastern Municipal Water District – 74 vote… Read More

Provisional ballots have put Lou Correa ahead of Lynn Daucher by 282 votes in the 34th SD — a 429 vote swing since yesterday.

You can read more here.… Read More

Bi-Partisan, Party of One?

Here is an excerpt from today’s column by Dan Walters in the Sacramento Bee:

Walters brings up a good point.

What the Governor is labeling ‘bi-partisan’ cooperation has really been his own personal willingness to embrace several items on the Democrat Party agenda, and more or less unilaterally enact them. So the burning question in my mind is when does the pendulum swing the other way? When do we see Tax CUTS, spending REDUCTIONS, SCALING BACK regulations, LOWERING fees — all of the GOP principles that involve shifting power out of… Read More

Man, what a nail biter.

The newest tally in the 34th Senate District is out, and Lynn Daucher’s lead over Lou Correa has further shrunk to just 147 votes. gistrar of Voters has justed posted the latest results.