Posted by Edward Ring at 10:19 pm on Aug 19, 2014 Comments Off on How Labor Money Undermines the Financial Literacy of California’s Legislators
“In an era when we aren’t going to have tax increases,
figure out how to be more efficient spending the money we’ve got,
and the Republicans can help you do that if they’ll get off the
philosophical cant about stuff and help you make things more
efficient. They actually culturally know more and occupationally
know more about efficiencies than Democrats typically do.”
– California Treasurer Bill Lockyer,
Democrat,addressing
the state legislaturein 2010.
What was Lockyer thinking? As one of the most plain spoken and
financially astute politicians California’s got, and as someone who
has been around the capitol for decades, he certainly knows a thing
or two about Republicans and Democrats. Did Lockyer make a fair
generalization? And if so, what are the causes, and what are the
consequences?
“They actually culturally know more and occupationally know
more about efficiencies than Democrats typically do.”
To explore the basis for Lockyer’s assertion, the biographies of
California’s state… Read More