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Michael Der Manouel, Jr.

OMG We Have A Budget Problem?

What a freaking joke! One week after the election we get the big "State budget deficit" story with the accompanying "budget cut" lingo. It just so happens the Legislative Analyst couldn’t get the job done in time so that voters would know about the debt they just piled on top of a budget crisis in the form of $43 billion in bonds. With new leadership in the State Assembly on our side in the form of Mike Villines (R), Clovis, the Minority Caucus essentially has three jobs over the next two years: 1. Stick together at all times. The Democrats and Governor will lay lots of deals on the table to pick off budget votes, particularly to the termed out legislators. If even one member breaks from the Caucus we might as well throw in the towel; 2. Tell the Governor now, that there will be no votes for a deficit budget or tax increase from our Caucus, and present a list of legislative items we will need in order for their to be any Republican votes on even a balanced budget; 3. Change the language in the budget debate. Already we are hearing about "massive budget… Read More

Duane Dichiara

The Mother of All Battles

Since we are short a Central Coast correspondent, and I’ve spent some time over the last several months working races there, I thought I’d pick up some of the slack. In Ventura County ‘The Mother of All Supervisorial Battles’ between Republican Peter Foy (disclosure: Coronado Communications client) and Democrat Jim Dantona appears to be coming to close as the remaining absentee votes are counted. On Election Eve Dantona led by a 300 vote margin… a lead which has deteriorated into a 700 vote deficit with about 40,000 votes counted and a couple thousand left to count.

Mike Osborn/Ventura County Republican Party were significant winners in this brawl. As long as I can remember the Ventura County Republican Party has been at best useless. Several weeks before the November Election Mike Osborn was elected Chairman and immediately took steps to make the organization relevant. In short, he actually raised and spent money to help elect his local candidates. Chairman Osborn’s biggest victory was clearly Peter Foy, where the Party spent tens of thousands of dollars making sure the seat would be held by a Republican as opposed to a partisan… Read More

Jon Fleischman

Governor: Time for “bi-partisan belt-tightening”

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:

“Assembly Republicans are encouraged by the nonpartisan legislative analyst’s projection of a larger than expected $3.1 billion budget reserve at the end of the current budget year. However, we take very seriously her forecast of a $5.5 billion shortfall next year and large projected future deficits as a warning sign of budget danger lurking ahead. 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 weRead More

Jon Fleischman

Today’s Commentary: Governor: Time for “bi-partisan belt-tightening”

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:

“Assembly Republicans are encouraged by the nonpartisan legislative analyst’s projection of a larger than expected $3.1 billion budget reserve at the end of the current budget year. However, we take very seriously her forecast of a $5.5 billion shortfall next year and large projected future deficits as a warning sign of budget danger lurking ahead.

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 aRead More

Barry Jantz

More On a Hero, Milton Friedman

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 TimesRead More

Jon Fleischman

Classic Milton Friedman

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

Matthew J. Cunningham

Lou Correa Takes The Lead

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

Jon Fleischman

Riverside County – many races still hang in the balance…

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