SUMMARY:

Underestimated life expectancy is yet another hidden cost of the nation’s guaranteed public employee pension plans. For decades these plans have systematically used outdated mortality tables — tables that assumed that retirees would die years earlier than is actually occurring. Of course, this “miscalculation” results in bigger pension payouts and “unexpected” increases in the unfunded pension obligation.

If an honest public pension actuary (government employee or “independent” auditor) tried to be more realistic with their mortality projections, they could count on being replaced in short order. The entire public pension actuary role as been a systematic fraud for generations, and only now are we facing the inevitable consequences.… Read More

Mass transit — especially trains — are LOVED by politicians. There are several special interest groups that support passenger trains (and therefore they support allied politicians) — while there’s no organized opposition. Mass transit makes for GREAT photo ops for the politicos — and the train (or even bus) is always heavily used the day a new line is opened.

The only niggling problem is that the more we spend on mass transit, the fewer people use the service! This decline has been occurring for many years, but this pronounced drop does nothing to deter politicians. They gleefully spending billions of dollars annually on 19th century technology that commuters don’t want to use. The same is true for the badly run bus systems, but at least those operations cost only a tiny fraction of the cute commuter trains — both to build and to operate.

The full article is below, but here’s a salient excerpt:

Nationwide… Read More

Every year, towards the end of January, most Americans gradually start to get involved in their annual rite of Spring — beginning to prepare their IRS income tax returns. For some it’s relatively easy. For others, it’s a laborious process that can often require filing a 15 April tax extension while all the needed documentation and compilations arecollected.

Personally I haven’t filed my 1040 income tax package “on time” in over 20 years. Normally I file in July or August.

I have a suggestion for you this year: Once you have a fair idea of approximately what your tax and deduction numbers are, take your estimated figures and plug them into theTax Foundation tax calculator. Unlike most such guesstimating calculators, this one takes your figures and calculates your taxestwoways:

It shows you how much more or less you’ll be paying under the new tax law. Try some “what if” scenarios to see… Read More

BOTTOM LINE:California’s relatively low murder rate is NOT the result of our gun control laws. It’s primarily due to the fact that our state has a small black population and a large Asian population.

When CA progressives tout our low gun death rate compared to other states, they like to attribute our low murder rate to our state’s stringent gun control laws. But they are ignoring the single biggest correlation with our nation’s murder rate — the percent of blacks in a state. In addition, consider the INVERSE correlation — the percent of Asians in a state.

On average, blacks commit murders at a rate about four times higher than their percent of the population. The overwhelming number of these deaths are with guns, and the overwhelming number of these gun deaths are committed with illegally owned firearms.

In the U.S, blacks constitute 12.6% of the population.

https://statisticalatlas.com/United-States/Race-and-Ethnicity

In CA, blacks constitute 5.9% of the… Read More

To my fellow Republicans – happy 2019!

In the wake of November’s disastrous California election results, we clearly need to up our game if we are going to rebuild from here. Here are my resolutions for our leaders:

May our elected officials and candidates resolve to focus less on policy detail and more on the values behind – and the beneficiaries of – their policies. Too many CA voters believe that the GOP does not share their values or care about them. This is in part because Democrats, universities and the media feed them propaganda, but also in part because our standard bearers often don’t explain our values or talk about who will benefit. We can do better!

May our candidates in “Top Two” races resolve to be team players. Until we get rid of the Top Two voting system, the GOP simply cannot afford delusional, selfish behavior by our candidates.

In Assembly District 76 we lost a longtime Republican seat in 2018 because the June primary ballot had two Democrats and six Republicans. The two Democrats made the top two, assuring a Democratic victory in November. Republican Phil Graham came… Read More

I was going to end this series with a comment on problem Republicans face in this state that no one has addressed, and that is the donor dilemma. I will address that later. A story in the LA Times today, though, caught my eye, and I thought it worth commenting on as a part of this series. The Times studied the outcome of the races Republicans lost for Congress, and found as much as a 10% drop in Republican turnout in the key races throughout the state. In each election, the Dems turned out and voted in numbers equal to 2016. Republicans, however, simply didn’t show up. I believe there are two reasons for this. First, Donald Trump was not on the ballot. Throughout the country, I have talked to Republican activists who said Trump turned out people they had never seen at elections before. Second, there was a feeling throughout the country by those people that Congressional Republicans did not support Trump’s agenda. I’m glad we’re fighting about the wall now. That fight should have happened six months ago. It might have changed the outcome.

Why is that?

One of my rules of politics is that Republicans lose elections because they… Read More

Most people think of California as the most desirable state in the union. Naturally it’s assumed that there’s heavy migration into the Golden State, with the population growing at a robust clip. But for quite a number of years, that has not been the case.

At the bottom of this article are the just-released 50 states’ population figures for this past fiscal year in chart format. The states are listed in order from fastest to slowest growth. Remember that the population growth of a state is the net total change considering births, deaths, migration between states and international migration.

https://www.census.gov/newsroom/press-releases/2018/estimates-national-state.html

Yes, the California population IS growing. But in spite of our state’s wonderful physical attributes, the growth is subpar compared to the nation as a whole. In this latest 12 month period, the nation’s population grew 0.62%. California grew 0.40%. Stated differently, the country grew over 50% faster than California.… Read More

At CaliforniaGov. Jerry Brown’s “Exit Interview” Tuesday, the Sacramento Press Club auctioned off autographed souvenirs from his years in the Governor’s office, including cartoons of his budget press conference presentations of charts and graphs, Proposition 30 memorabilia increasing sales and income taxes, and graphs showing state government living within its means. Other charts showed record spending levels.

Gov. Jerry Brown is known for his infrequent and rather unscripted press conferences, often making glib remarks, or quoting Zen Buddhism, Latin theology, philosophy, and “ontology” – the nature of being. Tuesday Brown did not disappoint during his “Exit Interview,” as he prepares to leavethe Governor’s office for the last time on Jan. 7.

… Read More