ASSEMBLYMAN NIELSEN ENDORSES WHITMAN This morning, Assemblyman and former Senate Republican Leader Jim Nielsen announced that he has decided to switch his loyalties and endorsement in the contested Republican primary for Governor. He had earlier endorsed Insurance Commissioner Steve Poizner. He is now throwing his support to former eBay CEO Meg Whitman. Nielsen was recently tapped by Assembly Republican Leader Sam Blakeslee, a Poizner supporter, to serve in a newly created "Ways and Means Committee Chairman" position for Assembly Republicans — serving as Vice Chairman of both the Assembly Ap propriations and Budget Committees.

While Poizner has a vast edge over Whitman when it comes to endorsements from elected Republican federal and state legislators, this is the second legislator in a week’s time who had been supporting him that has now moved to Whitman. Congressman John… Read More

Los Angeles County came out with a proposal to cut welfare costs today, or at least that is what they called it. In the world of government, where black is white, and a spending increase is a cut, these bureaucrats think they are helping "balance the budget." Their proposal, however, is an example of just how far off the reservation our government has gone. These bureaucrats want to use the child care money to pay parents to take care of their own children. Think of it this way, welfare recipients get their welfare money to stay home, and then, on top of that, they get child care money to take care of their own kids. What an idea. Does anyone really think that welfare recipients will make any effort to get off the rolls, once they hit this gravy train?

I was the Vice Chair of the Committees that oversaw welfare policy for 12 years. It is the worst job for a Republican in the Legislature. Thousands of whining bureaucrats trot out the sob stories of society for hours on end, demanding more government spending. Truth is, 75% of the money spent on our welfare programs are spent on bureaucrats, administrators, or wealthy vendors, while the… Read More

Op ed from today’s Union Tribune here.

California is facing a 24 billion dollar deficit. While there is no shortage of ideas for how to deal with it, I suggest we learn a lesson from Clyde Jennings, the CEO of J&W Lumber. On a recent visit to his facility, Clyde told me about the difficult cuts he has been forced to make in our declining economy, the efficiencies he has found, and how every member of his 50-year… Read More

Governor Arnold Schwarzenegger is deserving of praise this morning, for his quick and public rejection of the billions of dollars in tax increases that are included in the package of changes in the state budget introduced by Democrat legislative leaders yesterday. Key provisions of the Democrats’ plan include a 50% hike in state cigarette taxes as well as the creation of a tax on oil. Governor Schwarzenegger has made it clear that he will veto this package if it is placed on his desk as proposed. Of course, even before the Governor gets legislation to fix the budget deficit, there is the question of whether Democrats will work with legislative Republicans – their track-record for doing so isn’t so good, and it was not a positive sign that Republican legislators pretty much found out about the details of this proposal at the same time as the rest of us. A bi-partisan fix is important because without a 2/3 vote in the Senate and Assembly, it will be several months before any of the changes are enacted. With the supermajority support, changes go into effect immediately.

I am sure that many will scrutinize the details of this latest proposal, which purports to… Read More

Governor Arnold Schwarzenegger is deserving of praise this morning, for his quick and public rejection of the billions of dollars in tax increases that are included in the package of changes in the state budget introduced by Democrat legislative leaders yesterday. Key provisions of the Democrats’ plan include a 50% hike in state cigarette taxes as well as the creation of a tax on oil. Governor Schwarzenegger has made it clear that he will veto this package if it is placed on his desk as proposed. Of course, even before the Governor gets legislation to fix the budget deficit, there is the question of whether Democrats will work with legislative Republicans – their track-record for doing so isn’t so good, and it was not a positive sign that Republican legislators pretty much found out about the details of this proposal at the same time as the rest of us. A bi-partisan fix is important because without a 2/3 vote in the Senate and Assembly, it will be several months before any of the changes are enacted. With the supermajority support, changes go into effect immediately.

I am sure that many will scrutinize the details of this latest proposal, which purports to… Read More

WALTERS IS BLOGGING THE BUDGET CONFERENCE State Senator Mimi Walters, one of three Republicans on the Budget Conference Committee who opposed the ill-fated big taxes/big budget/open primary deal last February, has set up a blog (www.waltersreport.com) to keep interested parties up to speed on what is going on in that key committee…

Senator Walters had this to say to FR:

There are many negative effects throughout both the private and public sectors that have resulted from the plummet of stock values on Wall Street. In the public sector, throughout the country, public pension funds were heavily invested in the market — and the results have been a plummeting of the value of these funds. The problem, of course, is that while nationally there has been a massive "evaporation of value" — the liabilities on these funds remain — with public employees expecting their defined benefit pensions to be fully funded and paid on promptly.

Here in California, the California Public Employees’ Retirement System (which is the fund for most state and local government employees and pensioners) has seen the value of its holdings fall by literally tens of billions of dollars. According to the Los Angeles Times, it’s holdings were around $240 billion last July — but have now (with the downturn and then a slight upturn in the market) down around 23% — a massive drop. The Times goes on to say that in order to make sure… Read More

There are many negative effects throughout both the private and public sectors that have resulted from the plummet of stock values on Wall Street. In the public sector, throughout the country, public pension funds were heavily invested in the market — and the results have been a plummeting of the value of these funds. The problem, of course, is that while nationally there has been a massive "evaporation of value" — the liabilities on these funds remain — with public employees expecting their defined benefit pensions to be fully funded and paid on promptly.

Here in California, the California Public Employees’ Retirement System (which is the fund for most state and local government employees and pensioners) has seen the value of its holdings fall by literally tens of billions of dollars. According to the Los Angeles Times, it’s holdings were around $240 billion last July — but have now (with the downturn and then a slight upturn in the market) down around 23% — a massive drop. The Times goes on to say that in order to make sure… Read More