Tag Archive for Budget

Obama Weekly Address: Pay as you go

The President, having just signed the “Pay As You Go” law, discusses the importance of this fundamental rule to getting budget deficits in check. Ensuring that new spending and tax cuts are offset was a important factor in creating the budget surplus of the late 1990’s.

News Bits: June 29, 2009

Assembly Democrats approve majority vote budget fix BRIAN JOSEPH, Orange County Register:  Exploiting a legislative loophole, Assembly Democrats late Sunday passed a tax increase and other fixes to bridge the state’s $24.3 billion deficit without a single Republican vote. Typically, tax increases and budget votes require a two-thirds majority. Since just over one third of…

Legislative Leaders Announce Their Budget Plan

SACRAMENTO – Senate President pro Tem Darrell Steinberg (D-Sacramento) and Assembly Speaker Karen Bass (D-Los Angeles) today presented the budget proposal approved by the legislature’s joint Budget Conference Committee yesterday that addresses California’s budget shortfall with a balanced approach including real cuts, limited new revenues and other responsible solutions. The Budget Conference Committee proposal addresses…

Moorlach – “Bible is greatest self-help financial book ever written”

Here are quotes from a 1998 Los Angeles Times interview with John Moorlach.  http://articles.latimes.com/1998/dec/19/local/me-5549  “The Bible is the greatest self-help financial book ever written.” “The Scriptural principles work, even if you’re not a Christian.” When talking about his personal frustrations when dealing with clients in his CPA practice, “It doesn’t make sense that there’s such…

Controller John Chiang to Come to OC This Thursday!

If you can make it to OCYD this Thursday, please do. They’ll have a very special guest who knows a thing or two about the state’s current fiscal crisis. But don’t worry, there’ll be lighter moments, too. Dear Andrew, Young Democrats Meeting With Controller John Chiang We invite you to attend our next Orange County…

Orange Works to Balance Budget

The City of Orange has posted documents for the first 2009-2010 budget study session (Tuesday after the city council meeting.)  This is the current proposal to close the $10.9 million gap. Reduce Departmental Operating Budgets  $3.0 million Defer Salary Increases                              …

Deal Or No Deal? You Make The Call!

I was starting to feel relieved last night when Calitics reported that Sen. Dave Cox was about to agree to the budget. Ah, finally! But wait… The Republican Senate leader, Dave Cogdill, was then kicked out and replaced by even farther far-right Dennis Hollingsworth. Oops. And even though Cogdill said he had three votes lined…