CALIFORNIA Debt News, Jan 17, 2011

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Governor Brown's Budget Slashes State Spending by $12.5 Billion Bakersfield News He said the proposed spending plan, which puts $1 billion into a “rainy day” reserve fund, closes California's budget deficit “now and into the future. ... See all stories on this topic »

Year ahead looms as toughest yet for state budgets Savannah Morning News In releasing his budget proposal, Brown told California lawmakers "the year ahead will demand courage and sacrifice" as the state faces a deficit projected ... See all stories on this topic »

No local government bailouts; Wasteful states, cities should pay for their own ... FireEngineering.com In California, pay and benefits for public employees account for about 80 percent of government spending. San Francisco alone spends $400 million annually ... See all stories on this topic »

A V Rajwade: First-world debt crisis? Sify The Republicans won the mid-term election with a hawkish stance on the budget deficit. The first thing they did on winning was to get a two-year ... See all stories on this topic »

NY has plenty of fiscal company Elmira Star-Gazette In releasing his budget proposal, Brown told California lawmakers "the year ahead will demand courage and sacrifice" as the state faces a deficit projected ... See all stories on this topic » » Go Bankrupt, California, Please - Big Government By Adam Sparks Here's the problem, notwithstanding a current state budget deficit of 25 billion dollars, the state has 700 billion dollars in unfunded pension liabilities. This is ticking time bomb. No matter how much we cut and balance today's budget, ...... I can not believe California does not know how to get out of debt,….. it is sooooooo easy. Here in Illinois, our Dem. controlled government, in just two short days,…… in a lame duck session, came up with a solution to all of our ... Big Government - http://biggovernment.com/ Bill Boyarsky: The Cuts Are Coming - Bill Boyarsky's Columns ... By editor@truthdig.com In California, the Republicans in the Legislature won't even support Gov. Jerry Brown's proposal for legislation that would submit to a popular vote a tax increase to help eliminate a $28 billion budget deficit. Although Democrats control the Legislature, .... Shifting private debt to the public sector ( thereby freeing corporations, esp the financial industry, but also financial arms of GM, GE, etc, and saddling the middle class with the obligation to 'pay it off'). ... Truthdig: Drilling Beneath the Headlines - http://www.truthdig.com/ Cash-strapped states may face most challenging year yet | NOLA.com By The Associated Press In releasing his budget proposal, Brown told California lawmakers "the year ahead will demand courage and sacrifice" as the state faces a deficit projected to hit $25.4 billion over the next 18 months. His proposal combines spending .... Padgitt cited a recent study by the Pew Center on the States that found states face a $1 trillion funding shortfall in public-sector retirement benefits , but said that likely underestimates the problem. "The long-term outlook is quite bad ... Louisiana Politics & Government - http://www.nola.com/politics/index.ssf/2010/04/gov_bobby_jindals_fund-raiser/5520/comments-6.html Year ahead looms as toughest yet for state budgets | state, ahead ... In releasing his budget proposal, Brown told California lawmakers "the year ahead will demand courage and sacrifice" as the state faces a deficit projected to hit $25.4 billion over the next 18 months. His proposal combines spending cuts .... Padgitt cited a recent study by the Pew Center on the States that found states face a $1 trillion funding shortfall in public-sector retirement benefits, but said that likely underestimate the problem. "The long-term outlook is quite ... Valley Morning Star - News Headlines... - http://www.valleymorningstar.com/ UK Bubble, UK Economy: Eurozone debt restructuring: What is to be ... By Alice Cook The hope is that this strategy will cut the fiscal deficit, and gradually lead to a reduction in public sector debt levels. Lower public debt might also reduce long term interest rates and help sustain economic growth. The second is a debt default. .... Financially dreaming in California – 50 percent of California households with a mortgage cannot afford the home they are living in. The lingering effects of Alt-A mortgages and negative equity. 23 hours ago ... UK Bubble, UK Economy - http://ukhousebubble.blogspot.com/ YahooFinance (AP): Year ahead looms as toughest yet for state ... By Administrator In releasing his budget proposal, Brown told California lawmakers “the year ahead will demand courage and sacrifice” as the state faces a deficit projected to hit $25.4 billion over the next 18 months. His proposal combines spending .... Padgitt cited a recent study by the Pew Center on the States that found states face a $1 trillion funding shortfall in public-sector retirement benefits , but said that likely underestimate the problem. To read entire story, click here. ... InlandPolitics.com - http://inlandpolitics.com/blog/ Go Bankrupt, California, Please | Conservative Blog Watch By Adam Sparks Posted in California Budget, Economics, Featured Story, Politics, State Government, state deficit, state pension. | Tagged: Big Labor public employees public sector union state budget state debt State Politics ... Conservative Blog Watch - http://www.conservativeblogwatch.com/ Anatomy of a Hatchet Job | RedState By Mark Impomeni (Profile) Moran correctly notes that New Jersey's budget is in dire straits in large part to unfunded liabilities in the public employees' pension system - some $54 billion this year. Moran says that the pension's impact on the bottom line has ... But the estimated budget deficit Moran cites comes from the very same OLS that he earlier said produced the mythical $11 billion deficit estimate for fiscal 2011. Indeed in the very sentence preceding his close, Moran calls the $11 ... RedState - http://www.redstate.com/ Craziness From Detroit | Clarion Advisory By Clarion Advisory I hope we as a country are starting to rethink our dealings with public sector unions. They really are doing more harm than good. If the government is actually following the laws that they have enacted, there should be NO reason for public ... BOSTON | Scott Brown ran for the Senate vowing to rein in government spending and cut the federal budget deficit. A year later, he is open to increasing the national debt limit so the government can both spend and borrow more. ... Clarion Advisory - http://clarionadvisory.com/ 71% of Americans Oppose Raising Debt Limit | EX-SKF By arevamirpal::laprimavera Brian Riedl, the lead budget analyst at the conservative Heritage Foundation, said the poll findings put "a lot more pressure on those who want to raise the debt limit to make a convincing argument to a very skeptical public." I don't think they have any clear ... The federal government is going to have another $1.5 trillion deficit year. If the debt limit is reached and is not raised, the government cannot borrow additional funds to pay for stuff. What stuff, you ask? ... EX-SKF - http://ex-skf.blogspot.com/ The Public Overwhelmingly Wants Spending Cuts, but Will the GOP ... By Dan Mitchell Americans strongly prefer cutting spending to raising taxes to reduce the federal deficit. While 77 percent prefer to cut spending, just nine percent call for raising taxes. Another nine percent want to do both. ... But do they want budget cuts against themselves, or just the other guys? The big question would be: Think of the benefits you received from the government: mortgage tax deduction, the promise of social security and medicare, etc.; now, would you be willing to ... International Liberty - http://danieljmitchell.wordpress.com/ Illinois is No Peter Pan | TheTradingReport By Daily Reckoning - Frederick Sheehan The $280 billion figure is analytically controversial but deductively compelling given the efforts to deny and confuse bondholders and the public alike respecting the coming collapse of the municipal bond market. ... Goldman Sachs research chips in: “[G]eneral obligation debt is backed by a state or local government's pledge to raise taxes to service that debt if necessary.” Barclay's wrote to its California-averse clients that the state is obligated “in good faith to use ... TheTradingReport - http://www.thetradingreport.com/ Common Man News: Detroit: An American Ghetto Where a House Costs ... By themancommon It is the story of the American middle class, built on the back of a booming industrial sector. But today it's become an omen of the struggles for middle- and lower-class Americans and the manufacturing jobs they once relied on. ... The city's public school system is considering a GM-style restructuring to deal with its $327 million deficit and avoid bankruptcy. As Mayor Dave Bing grapples with the city's $300 million budget gap, he's looking to cut services in the ... Common Man News - http://themancommon.blogspot.com/ The audacity to get things done « The only adult in the room By blackwaterdog The exports boom has helped the manufacturing sector grow at a pace three times faster than the rest of the economy. According to federal data released last week, exports rose for the third straight month in November to nearly $160 billion. ..... The beltway and media cream themselves over deficit talk, but the general public's main concerns are the economy and jobs. He'd be doing exactly the wrong thing by devoting tons of time to addressing the deficit. ... The only adult in the room - http://blackwaterdog.wordpress.com/ Go Bankrupt, California, Please » - The Southern BLAZE - By Adam Sparks Posted by Adam Sparks at 9:55 am Tagged with: Big Labor, california budget, Economics, Featured Story, Politics, public employees, public sector union, state budget, state debt, state deficit, State Government, state pension, ... - The Southern BLAZE - - http://www.vol360.com/ Truth to Power: The State By The Public Eye Tensions high over bailouts as eurozone summit begins - 17 JAN 2011 By Nikhil Kumar | Independent Europe's debt crisis will top the agenda when finance ministers from the 17 eurozone nations begin meeting in Br... 39 minutes ago. LewRockwell.com Blog ... How to Balance the Budget in 2 Years - Don't tell me it can't be done. We've run the numbers. It can. Should the political will exist, Ottawa can eliminate its deficit in two years without ra... 51 minutes ago ... Truth to Power - http://accesstoinfo.blogspot.com/ Econonwrap: From banksters to cataracts | eats shoots 'n leaves By richardbrenneman Anti-poverty campaigners renewed their call for new taxes on the financial sector after JP Morgan Chase set aside almost $10bn for basic pay and bonuses in its investment banking division. ... This loss of $44 billion in revenue was a major blow to a federal government struggling to rein in deficit spending. “I know we talk in trillions these days, but that $44 billion is a lot of money, and I expect it to grow,” said economic analyst Howard Silverblatt in an interview ... eats shoots 'n leaves - http://richardbrenneman.wordpress.com/ Seaside Post: Change should transcend hate By Seasidepost "These cuts will be painful, requiring sacrifice from every sector of the state, but we have no choice," said Brown. "For 10 years, we've had budget gimmicks and tricks that pushed us deep into debt. We must now return California to fiscal responsibility and get our state on the ... "Not only would repeal of health care reform add to our deficit, it would dump more than 30 million Americans from coverage who will be protected by our new health care reform act," said Sen . ... Seaside Post - http://seasidepost.blogspot.com/ Why do libs avoid President Bush's Accomplishments ... By admin462 Earmarked at diminutive 20 proportionality of the Defense acquisition budget for next-generation weaponry. 16. Increased accumulation analyse and utilization outlay by at diminutive $20 1000000000 from playing 2002 to 2006. 17. ... This weakens public-sector unions and cuts undeserved clear raises. 2. Initiated analyse of every federal agencies with the content of eliminating federal jobs ( completed Sept 2003) in an try to turn the filler of the federal polity patch ... International Business - http://internationalbusinesse.com/ Across the country, states face painful decisions as budget ... In releasing his budget proposal, Brown told California lawmakers "the year ahead ... as the state faces a deficit projected to hit $25.4 billion over the next 18 months. ... Arkansas was the last state to default on its debt payments, ... face a $1 trillion funding shortfall in public-sector retirement benefits, ... www.startribune.com/business/113779299.html?elr...Dii... Paul Ryan: No federal bailouts coming for Illinois and California ... The statutory Debt Limit legally caps, at an amount legislated by Congress, the amount of .... All that work the Public Sector Unions did to help state Comptroller Tom Dinapoli eke out a ... U.S. Budget Gap Narrows, Deficit Still High ... republicanifi.com/.../Paul-Ryan-No-federal-bailouts-coming-f... Destinys Choice - America Is: California's Debt/Deficit Can Be ... California faces its most serious budget crisis since the Great Depression. .... health-care benefits must be renegotiated with the state's public-employee unions. ... such as 401(k)s, like their counterparts in the private sector. ... freedomsfreefall.blogspot.com/.../californias-debtdeficit-can-b... California budget: Jerry Brown's plan to plug $25B deficit - Yahoo ... California budget: Jerry Brown's plan to plug $25B deficit ... "For 10 years, we 've had budget gimmicks and tricks that pushed us deep into debt. .... On the other hand, public service sector spending is sickly high and the unfunded ... biz.yahoo.com/.../011011_california_budget_jerry_brown.ht... Year ahead looms as toughest yet for state budgets - San Antonio ... In an attempt to fill a $25.4 billion budget deficit, Gov. ... investment in public services, at the Capitol in Sacramento, Calif. .... Arkansas was the last state to default on its debt payments, a move it took during the Great Depression. ... a $1 trillion funding shortfall in public-sector retirement benefits, ... www.mysanantonio.com/.../Year-ahead-looms-as-toughest-yet... 2011 Looms As Toughest Year Yet For California Budget « CBS Los ... In releasing his budget proposal, Brown told California lawmakers “the year ahead ... as the state faces a deficit projected to hit $25.4 billion over the next 18 months. ... Arkansas was the last state to default on its debt payments, ... face a $1 trillion funding shortfall in public-sector retirement benefits, ... losangeles.cbslocal.com/.../2011-looms-as-toughest-year-yet-f... Spending cuts, tax vote at heart of California budget plan | Reuters Analysis: California budget fray opens debt-buying opportunity ... At $28 billion over the next 18 months, California's deficit represents ... Look in your local paper if ya doubt-the public sector is still enjoying a hiring bubble ! ... www.reuters.com/article/idUSTRE70450T20110109 California budget: Jerry Brown's plan to plug $25B deficit - Jan ... Some public employees would lose up to 10% of their tax-home pay and the state's ... "These cuts will be painful, requiring sacrifice from every sector of the state, ... "For 10 years, we've had budget gimmicks and tricks that pushed us deep into debt. ... California budget: $25 billion dilemma for Jerry Brown ... money.cnn.com/2011/01/10/news/economy/.../index.htm Tax Hike Passes By One Vote: Illinois is Nation's Worst Credit ... Illinois is the worst credit risk in the nation and its public debt is in excess of $130 billion. The state has not balanced a budget in a decade, and rating agencies now ... is because of pension payments for public sector union employees. ... California has a $19 billion deficit this year, and sovereign debt of ... diplomatdc.wordpress.com/2011/01/11/illinois/ Colorado not alone in state budget struggle | NewsFirst5.com ... In releasing his budget proposal, Brown told California lawmakers "the year ... from 3 percent to 5 percent, in a bid to resolve a $15 billion deficit, ... Arkansans was the last state to default on its debt payments, a move it took ... face a $1 trillion funding shortfall in public-sector retirement benefits, ... www.newsfirst5.com/.../colorado-not-alone-in-state-budget-str... Dan Cody – "Left on the Lake" » You Might Be Surprised Which (Red ... As an example, the massive deficit that California faces is a frequent topic ... The whole budget is basically education and healthcare spending. ... more to do with unfunded future liabilities (e.g., public sector pensions). ... In states like Texas, the long-run debt is shrinking and the economy is strengthening. ... dancody.org/.../you-might-be-surprised-which-red-states-have... Great Recession is over, but more pain ahead for states | LoHud ... In releasing his budget proposal, Brown told California lawmakers "the year ahead ... as the state faces a deficit projected to hit $25.4 billion over the next 18 months. .... Arkansans was the last state to default on its debt payments, ... face a $1 trillion funding shortfall in public-sector retirement benefits, ... www.lohud.com/.../Great-Recession-is-over-but-more-pain-ah... Labour markets: Texas is different, a continuing series | The ... CA's annual budget deficit then is about $19.1B and TX's is about $9B. ... of corporate welfare just lowers the business sector debt and raises gov't debt. ... www.economist.com/blogs/freeexchange/.../labour_markets_0 Governor Brown's Budget Slashes State Spending by $12.5 - Office ... “These cuts will be painful, requiring sacrifice from every sector of the state, ... Brown's budget also calls for temporary continuation of taxes while the state pays off debt, ... closes California's budget deficit “now and into the future.” ... public education and the quality of life in California,” he said. ... gov.ca.gov/news.php?id=16872 New California governor announces balanced state budget "These cuts will be painful, requiring sacrifice from every sector of the state, ... In addition, the deficit will grow to 26.6 billion dollars if the proposed sale ... job growth, public education and the quality of life in California," he said. ... California governor, controller fight in court over state budget ... news.xinhuanet.com/english2010/business/.../c_13685095.htm Governor Brown's Budget Press Release - Plumas County, CA ... “These cuts will be painful, requiring sacrifice from every sector of the state ... “For 10 years, we've had budget gimmicks and tricks that pushed us deep into debt. ... In addition, the deficit will grow to $26.6 billion if the proposed sale of ... public education and the quality of life in California,” he said. ... www.countyofplumas.com/CivicAlerts.aspx?AID=226 Texas budget deficit presents Governor, GOP-led Legislature ... For every other sector of the American economy, unemployment remains high, and those who ... making mortgage payments on a house, or paying down credit card debt, .... Other states with huge budget problems, such as California and Illinois, ... It scores among the bottom five states in spending on public education, ... www.fontcraft.com/broadside/?p=34259 "How will economy be impacted if $1 Trillion is" | Myspace Forums Since the budget deficit is expected to be around $1 trillion, that means that the .... JASON HUN; M/102; L.A. - Orange County area, California, US ... else.. when either the private or public sector cuts spending, it slows the economy. ... Why even have a debt ceiling, if they are simply going to keep raising it ... www.myspace.com/forums/t/4869961 Year ahead looms as toughest yet for state budgets - NewsTimes California is just one of many states facing a year of reckoning as they deal with multi-billion ... In an attempt to fill a $25.4 billion budget deficit, Gov . .... Arkansas was the last state to default on its debt payments, ... states face a $1 trillion funding shortfall in public-sector retirement benefits, ... www.newstimes.com/.../Year-ahead-looms-as-toughest-yet-for... Americans Turning Against Public Employee Unions « Liberty Central ... Liberty Central has frequently reported on the costs to the taxpayer of the growing public sector. While workers in the private sector have suffered badly ... www.libertycentral.org/americans-turning-against-public-empl... Year Ahead Looms As Toughest Yet For State Budgets - CBS News Across The Country, States Face Painful Decisions As Budget Deficits Cut Into Core Services .... Arkansas was the last state to default on its debt payments, ... states face a $1 trillion funding shortfall in public-sector retirement benefits, ... Matt Hanson, 50, a civil engineer who has worked for California's ... www.cbsnews.com/stories/2011/01/15/.../main7249714.shtml Year ahead looms as toughest yet for state budgets - StamfordAdvocate 10, 2011 file photo, California Gov. Jerry Brown points to a chart as he explains his approach to ... In an attempt to fill a $25.4 billion budget deficit, Gov. .... Arkansas was the last state to default on its debt payments, ... states face a $1 trillion funding shortfall in public-sector retirement benefits, ... www.stamfordadvocate.com/.../Year-ahead-looms-as-toughest... Jerry Brown Reveals Budget, And It's Ugly | Transportation Nation “These cuts will be painful, requiring sacrifice from every sector of the state, ... In addition, the deficit will grow to $26.6 billion if the proposed sale of ... cities and counties and help pay for public safety, education and other services. ... Tagged as budget cuts, California, Jerry Brown, redevelopment. ... transportationnation.org/.../jerry-brown-reveals-budget-and-its... public sector union » - The Southern BLAZE - We're now 25 billion dollars in the red in California. ... Here's the problem, notwithstanding a current state budget deficit of 25 billion dollars, ... www.vol360.com/tag/public-sector-union/ Texas Faces $25 Billion Budget Deficit | Drudge Retort But all you hear about is the public sector workforce. ..... This is just another example on why the debt of California and Texas is not the same. ... www.drudge.com/news/.../texas-faces-25-billion-budget-defici... CA Political News | show 'These cuts will be painful, requiring sacrifice from every sector' California Gov. Jerry Brown says his proposed state budget for the coming fiscal year will slash ... “For 10 years, we've had budget gimmicks and tricks that pushed us deep into debt. ... closes California's budget deficit “now and into the future. ... capoliticalnews.com/blog_post/show/7385 email: info@als-alexander.org or interalex2@gmail.com

Related articles

• Who's Benighted? (cafehayek.com)
• White House Budget Chief Sees FY'11 Deficit At $1.3 Trillion (forexlive.com)
• Supercommittee tackles nation's huge budget deficit (seattletimes.nwsource.com)
• NSW budget falls into deficit (news.theage.com.au)
• Congressional Budget Office: Monthly Budget Review (ynative77.wordpress.com)

CALIFORNIA (USA) Debt News, Jan 17, 2011

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1. Governor Brown's Budget Slashes State Spending by $12.5 Billion ‎ Bakersfield News - 4 hours ago “These cuts will be painful, requiring sacrifice from every sector of the state, ... closes California's budget deficit “now and into the future. ... RIVERSIDE: End of redevelopment would cost jobs‎ - Press-Enterprise all 108 news articles »

   San Francisco Examiner

2. Hard times get harder States facing states of budget emergency ‎ Detroit Free Press - Judy Lin - Shannon McCaffrey - 1 day ago Arkansas was the last state to default on debt payments, a move it took ... face a $1-trillion funding shortfall in public-sector retirement benefits, ... Year ahead looms as toughest yet for state budgets‎ - The Associated Press all 368 news articles »

   Kansas City Star

3. A V Rajwade: First-world debt crisis? ‎ Business Standard - 1 day ago The fact is that the US public debt and fiscal adjustment are major ... And, in the US the debtCalifornia, ... problem extends not only to states like

4. Attention, Stockpickers ‎ Barron's - Lauren R. Rublin - 2 days ago America's structural problems, including a gargantuan deficit, and the policies ... The public sector is leveraging up, and thus will support the economy. ...

5. Fearing state grab, Napa moves to protect redevelopment funds ‎ Napa Valley Register - 2 days ago Because the city is able to improve public facilities, the private sector is willing to build hotels and commercial buildings, they said. ...

6. State bankruptcy: The best fiscal fix? ‎ Los Angeles Times - Tom Petruno - 2 days ago 5, 2012: The state of California today filed for federal bankruptcy ... the public sector, where 37% of workers are union members compared with just over 7% ...

   Los Angeles Times

7. The Eurozone Needs A Texas ‎ Forbes (blog) - Brian Domitrovic - 6 days ago So over the years, as California doubled-down on public-sector pensions, ... This is tantamount to Texas guaranteeing California's debt — an unthinkable ...

   Forbes (blog)

8. Stop the Budget Cuts — Tax the Rich and Big Business ‎ Socialist Alternative - Marty Harrison - 3 days ago Like the rest of us, states and cities are deeply in debt. ... improve benefits for all, rather than attacking public sector workers who have preserved their.

9. Rendell's legacy ‎ Towanda Daily Review - robert swift - borys Krawczeniuk - 1 day ago He left behind a legacy of debt that we're going to be paying for decades to come. ... deficit, though large, pales compared to states such as California, ...

10. Goodbye, gravy train ‎ Grand Forks Herald - Pamela M. Prah - 1 day ago “We have a $13 trillion national debt,” says Oregon's new governor, ... including contracts with public-sector employees, possibly even allowing states to ...

11. Professor warns about rising public debt in Maritimes ‎ CTV.ca - 26 Dec 2010 "We are about to put the public sector in reverse. ... bringing forward a deficit-elimination strategy, and a debt reduction strategy to start to deal with ...

    CTV.ca

12. End of redevelopment? ‎ Tahoe Daily Tribune - Adam Jensen - 3 days ago The administration estimates the proposal would cut California's projected $14.4 billion deficit for the 2010-2011 fiscal year in half and leave the state ... Brown Proposes Eliminating All State Funding for California Public ...‎ - Library Journal all 366 news articles »

    Education Week News

13. How to Revive the California Dream ‎ Wall Street Journal - Andrew G. Atkeson - 9 Jan 2011 California faces its most serious budget crisis since the Great Depression. Newly inaugurated Gov. Jerry Brown is inheriting a deficit ... New California governor announces balanced state budget‎ - Xinhua Proposed budget cuts $1.4B from higher education‎ - YubaNet California faces budget cuts of $12bn‎ - Financial Times The Turlock Journal - New York Times all 2026 news articles »

14. No local government bailouts; Wasteful states, cities should pay ... ‎ FireEngineering.com - Ray Hartwell - 13 hours ago In California, pay and benefits for public employees account for about 80 ... an array of actions aimed at reducing the state's $3.5 billion deficit, ...

15. Fears grow of euro-style debt crisis in US states ‎ AFP - Andrew Beatty - 21 Dec 2010 To the west, California faces a budget shortfall of over 25 billion dollars. ... large and that public sector compensation has become too high," he said. ...

16. Debt ceiling dilemma: How do you win a fight with crazy? ‎ Salon - Andrew Leonard - 4 Jan 2011 More: Andrew Leonard By Alex Pareene Intransigent "deficit hawk" Tom Coburn is .... unemployment benefits and public sector job creation and a living wage? ...

    Salon

17. Democrats, Republicans plan deep cuts in US state budgets ‎ World Socialist Web Site - Joseph Kishore - 6 days ago “For 10 years,” Brown declared, “we've had budget gimmicks and tricks that pushed us deep into debt. We must now return California to fiscal responsibility… ...

    World Socialist Web Site

18. The Sky Isn't Falling on the Muni Market ‎ Barron's - Randall W. Forsyth - 7 Jan 2011 Add in New York, these five states comprise 58% of the 2012 deficit. ... work in the private sector don't see why they should pay so public-sector employees ...

19. 'Europe Needs Growth to Prevent a Collapse of the Euro' ‎ Spiegel Online - 6 days ago Roubini: The persisting housing crisis, the implications of this on the financial condition of banks and, above all, the high public debt and deficit, ...

    Spiegel Online

20. Dire States ‎ The Atlantic - Megan McArdle - 4 Jan 2011 Deep in debt, most governors will have to either raise taxes or cut spending— .... His state's feisty public-sector unions enjoy extremely favorable laws ...

    The Atlantic

21. Our Opinion: Tough Times For Your State? Try California ‎ Yankton Daily Press - 5 days ago Faced with a $25 billion deficit, the new governor proposed massive spending cuts to ... “It's going to take sacrifice from every sector of California. ...

22. Sovereign debt levels 'unsustainable', double dip a possibility ‎ ArabianBusiness.com - Damian Reilly - 26 Dec 2010 There was only a certain shift from private to public sector debt issuance and the latter has faced increasing problems in 2010, be it in California or ...

    ArabianBusiness.com

23. 2011 Trends: Economist: 'A lot of little green shoots springing up' ‎ North Bay Business Journal - Gary Quackenbush - 3 Jan 2011 What Sonoma County businesses did during the recession the public sector will have to do ... California, which faces a $19 billion budget deficit next year, ...

    North Bay Business Journal

24. The Gulf in 2011: forecasting the year ahead ‎ ArabianBusiness.com - Damian Reilly - 30 Dec 2010 There was only a certain shift from private to public sector debt issuance and the latter has faced increasing problems in 2010, be it in California or ...

    ArabianBusiness.com

25. Newport library could lose $300000 ‎ Daily Pilot - Sarah Peters - 2 days ago According to Cowell, the breakdown of state grant money in 2010 was: $255838 to the CaliforniaPublic Library Foundation ... Library Services Act, $30550 to the

26. Brown's budget would hit PWAs ‎ Bay Area Reporter - Seth Hemmelgarn - 4 days ago "It will take sacrifice from every sector of California. ... the "gimmicks and tricks" used in recent budgets have only plunged the state deeper into debt. ...

27. New California Governor Jerry Brown: Unions' Friend or Foe? ‎ In These Times - Kari Lydersen - 4 Jan 2011 (Photo courtesy of Brown for Governor 2010) California public employees ... deal with public employees unions in the face of a crushing budget deficit which ... Gov. Jerry Brown to possibly eliminate redevelopment agencies‎ - KUSI all 606 news articles »

    In These Times

28. Battle begins over San Jose pension costs ‎ San Jose Mercury News - John Woolfolk - 1 day ago Campbell, which like many smaller cities uses the massive California Public Employees' Retirement System, recently negotiated less-generous Cal- PERS ...

29. New Year, New Hope ‎ Pacific Northwest Inlander - 4 days ago Here are mine for the 44th president and the 112th Congress: RESOLVED, Congress and the president shall not increase the federal debt or deficit in 2011. ...

30. Victor Davis Hanson: California, Greece and the rage against 'them' ‎ OCRegister - 3 Jan 2011 And yet amid the furor, 60% of the public still polls in favor of the ... an inefficient statist economy, and bloated public sector suddenly went from near ...

31. States adjust to a more frugal Washington ‎ Bellingham Herald - Pamela M. Prah - 4 days ago "We have a $13 trillion national debt," says Oregon's new governor, .... including contracts with public-sector employees, possibly even allowing states to ...

32. Paul Krugman messes with Texas ‎ Examiner.com - 7 Jan 2011 For example, compared to New York and California, Texas has relatively few union employees: Less than 20 percent of public-sector workers there are covered ...

33. Wonkbook: So. Much. News. ‎ Washington Post (blog) - Ezra Klein - 7 Jan 2011 Repealing health care reform will increase the deficit by $230 billion, ... press on to demonize public-sector unions as the source of all our woes, ...

34. Alan Greenspan's housing bubble coffee break ‎ Salon - Andrew Leonard - 2 days ago The current federal debt explosion is being driven by an inability to stem new ... But when running a deficit because of policies executed by a Republican ...

    Salon

35. Top Stories: Business and Finance ‎ Bloomberg - 31 Dec 2010 Gross Says Buy Canadian, Mexican Bonds Over Dollar-Based Debt: Tom Keene 8. ... at Pacific Investment Management Co. in Newport Beach, California. ...

36. Long Shadows Cast Over USEconomy ‎ Gold Seek - Jim Willie Cb - 4 days ago They bought in 2011 a full 75% of all USGovt debt issuance, ... to have suddenly found religion in reducing the budget and its deeply engrained deficit. ...

37. Earmarks, lettermarks, phonemarks (hey -- why no textingmarks?) ‎ Washington Post (blog) - Jonathan Bernstein - 28 Dec 2010 Payment of debt service is constitutionally protected, .... The point is while there may be some over promising of pensions in the public sector, ...

38. For Vietnam, a capitalist trail ‎ CTV.ca - John Ruwitch - Jason Szep - 3 days ago Vinashin's debt problems were too big to avoid at some $4.4-billion by the middle ... a Chicago native and religion scholar from University of California, ...

39. 'US unemployment rate is 21%' ‎ Press TV - 8 Jan 2011 We have a major crisis of deficit and debt and public employee unions are going ... To some degree there has be to savings from the public sector unions and ...

40. The Mix: Verizon's Big Day, Groupon's Big Haul ‎ Portfolio.com (blog) - 6 days ago (Portfolio) The Hotel California under Governor Jerry Brown: With the state's $25.4 billion deficit... and the new governor's take-no-prisoners plan to cut the

41. Stop panicking over muni defaults! ‎ Fortune (blog) - Cyrus Sanati - 22 Dec 2010 A large portion of California's debt is in general obligation bonds, which are mandated to be ... The town's fiscal deficit for 2010 is just $2.1 million. ... Are US cities at the center of the next financial meltdown?‎ - OregonLive.com (blog) all 76 news articles »

42. The Republicans take aim ‎ Socialist Worker Online - 4 Jan 2011 Cuomo has proposed a pay freeze on New York public-sector workers and is preparing to carve up public employees' pensions. In California, Brown wants to ...

43. Is the Worst of Europe's Crisis Behind Us? Or Yet to Come? ‎ Wall Street Pit - Charles Wyplosz - 4 Jan 2011 No one believes, it seems, that a debt restructuring of California would trigger ... including the setting of wages in the public sector and labour market ...

44. Worst Governor Ever ‎ California Progress Report - Robert Cruickshank - 29 Dec 2010 While deficit spending in a recession is sensible, California's economy was in recovery ... The debt... service on those bonds takes away from other spending

45. Letters blog: Unregulated U.S. capitalism is the culprit ‎ OCRegister - 6 Jan 2011 I understand the angst of private-sector employees, like reporters, ... because he stood for lower taxes and improving the business climate in California. ...

46. Why the United States Fears Russia: Part II, The Power of Resources ‎ Subversify - Karla Fetrow - 2 days ago Its budget deficit of 14.3% is higher even than in Greece. ... Ireland's government has slashed public-sector spending by 7.5% of gross domestic product ...

    Subversify

47. What Will Crash the Stock Market in 2011? ‎ Minyanville.com - Eric Rosenbaum - 6 Jan 2011 With New York Governor Andrew Cuomo saying this week that he would take a 5% pay cut, it seemed the public-sector equivalent of Citigroup (C) CEO Vikram ...

48. 10 Big Things to Watch in 2011 ‎ California Progress Report - 31 Dec 2010 9) The States: Right now, public employee jobs are tracking significantly downward, following the exact opposite track as the private sector. ...

49. Hong Kong Shares Kick Off 2011 With Modest Gains ‎ RealEstateRama (press release) - 2 Jan 2011 Public-sector spending increased by 0.7% to $318.47 billion. .... need stable jobs in order to feel comfortable taking on that kind of debt,†he said. ...

50. State Budget Crisis: Deadbeat States Need to Stop Spending, Start ... ‎ Money Morning - Kerri Shannon - 29 Dec 2010 Look at California. It's facing a $19 billion budget deficit next year and had ... and other wild land values that can be sold to pay a portion of the debt. ...

51. Guests: DNC Chairman Kaine, Reps. Issa, Altmire, Cummings & Israel ‎ RealClearPolitics - 3 Jan 2011 And California Congressman Darrell Issa will take the helm of the ..... HENRY: Jason Altmire, debtdeficit, something Blue Dogs talk about this all the ... and

52. Portugal Bond Sales 'Good News,' No Forced Rescue, Germany Says ‎ BusinessWeek - Sandrine Rastello - Indira A.R. Lakshmanan - 4 days ago “The United States is in the position to afford private sector deficits, plus public sector deficits, plus balance of payments deficit. ...

53. Morning Must Reads: Turnover ‎ TIME (blog) - Adam Sorensen - 7 Jan 2011 Also, all you folks over in California complaining about 50-degree weather? .....public-sector unions as the source of all our woes, ... press on to demonize Video: USA - WHITE HOUSE: Obama names former commerce secretary Daley chief of staff France 24 Obama didn't govern from the "left," part 973‎ - Washington Post (blog) KMPH Fox 26 Central San Joaquin Valley News Source in Fresno ...‎ - KMPH Fox 26 all 5958 news articles »

    Globe and Mail

54. Jobs, Wars, Deficits, Sports—and the Campaign ‎ Wall Street Journal - 2 Jan 2011 Mr. Brown will have to contend with a $28 billion deficit and so far has set a tone of austerity. He arranged for a no-frills inauguration at the California ...

55. Valley's 'enterprise zones' could be in jeopardy ‎ Los Angeles Daily News - Kevin Modesti - 8 Jan 2011 But Jean Ross, executive director of the California Budget Project, ... foundry site is an example of "a problem that the private sector wasn't going to ...

56. The Dawn of the House of Boehner ‎ TIME (blog) - Jay Newton-Small - 5 Jan 2011 Our spending has caught up with us, and our debt soon will eclipse the entire ..... nor did he even compete with the private sector with a public option, ...

57. Meet Laura Snideman, Half Moon Bay's New City Manager ‎ Patch - Kristine Wong - 23 Dec 2010 Faced with a deficit that has the potential to rise over $1 million in the upcoming ... who represented the 15th District of California - now represented by ...

58. Revealed: The people's guide to common sense ‎ Independent - 1 Jan 2011 In particular, there is no justification for Sector Skills Councils. .... to add to its mountain of debt this year with another £155 billion budget deficit, ...

59. Canada facing fiscal time of reckoning ‎ Eagle Valley News - 4 Jan 2011 How can we sustain continual salary increases for public service employees when the private sector is often collectively treading water? ...

60. Jeff Miller: Bullish on Commodity Producers, Retail, Financials, CAT ‎ Seeking Alpha - 7 Jan 2011 SA: Same question but for US states like California and Illinois. Will a government bailout ultimately be necessary to backstop state debt as defaults pile ... AAPL

61. Where are the jobs? Overseas, of course ‎ Salon - Pallavi Gogoi - 28 Dec 2010 They're still under a huge debt load. Even if and when they pay it off, ... a professor of public policy at the University of California at Berkeley, ...

    Salon

62. World Bank`s Shantayanan Devarajan on Africa ‎ AfricaNews - 26 Dec 2010 In Cameroon, oil revenues was hidden from the public, even members of the government ... such as cutting the budget deficit and eliminating subsidies, ...

    AfricaNews

63. Waging War On American Workers ‎ CounterCurrents.org - Stephen Lendman - 9 Jan 2011 Today, workers will be punished to assure steady debt service payments. In 2009, California state treasurer Bill Lockyer said only a "thermonuclear war" ...

64. Economic Predictions for 2011 ‎ OilPrice.com - Bruce Krasting - 29 Dec 2010 -The ECB will be forced to issue bonds that are joint and several debt of the EU members. ... -The US will have a full year deficit of 1.4 trillion dollars. ...

65. Bull vs. Bear: How high will oil go in 2011? ‎ Fortune (blog) - Nin-Hai Tseng - 28 Dec 2010 I have zero credit card debt. My wife cut back to two days of work, .... We cannot continue to allow one sector in the economy to bring in all the money. ...

66. NPQ's 9 Significant Nonprofit Stories of 2010 (+ Yours makes 10) ‎ The Nonprofit Quarterly - 3 Jan 2011 Just ask California's new governor, Jerry Brown, who is facing a $25 billion deficit that appears to grow every time he and his advisors inspect the numbers ...

67. BRIEFING - ASIA BANKING - DEC 24, 2010 ‎ Trading Markets (press release) - 24 Dec 2010 KARACHI - Pakistan's current account deficit squeezed 72.3 per cent to US$504 ... which is expected to result in lower-than-anticipated debt levels," Fitch ...

68. KMPH Fox 26 Central San Joaquin Valley News Source in Fresno ... ‎ KMPH Fox 26 - Jeannine Aversa - 7 Jan 2011 President Barack Obama's debt commission at the end of last year failed to reach a consensus on a deficit-reduction plan. Over the coming decade, ...

69. Public workers target of US austerity drive ‎ The Militant - Seth Galinsky - 6 Jan 2011 California governor Edmund Gerald Brown, a Democrat, promised that his new budget for the state ... “Outlaw collective bargaining for public-sector workers. ...

70. Illinois Has Days to Plug $13 Billion Budget Hole ‎ Big Government - 3 Jan 2011 Unlike California, Moody's assigned Illinois a negative outlook. Illinois's deficit, about half its $26 billion general-fund budget, puts it among the US ...

71. Brown budget: are you willing to share the pain? ‎ 89.3 KPCC - 29 Dec 2010 The public employee retirement age needs to be raised for more classes of publicCalifornia seems to be heading way ... employees including police and firemen.

    89.3 KPCC

72. 'Sunday Sit-Down': TODAY'S GUESTS: David McKinley, Bill Johnson ... ‎ Wheeling News Register - 1 Jan 2011 The debt is piling up, and we're going down a pretty quick path here of financial ... everything that we're facing now is deficit spending and borrowing. ...

73. HS News Daily ‎ Hispanically Speaking News - 5 days ago In the working-class neighborhood of San Ysidro, California, .... “The debt these organizations have is close to 4 billion bolivars ($930 million),” ...

    Hispanically Speaking News

74. Obama-GOP tax plan has many corporate breaks ‎ Salon - Stephen Ohlemacher - 24 Dec 2010 He conceded that the White House and Congress face a difficult challenge when it comes to controlling the deficit and tackling the nation's debt. ...

    Salon

75. NBR Transcripts - December 21, 2010 ‎ Nightly Business Report - 21 Dec 2010 American politicians have known for months that the debt problems are ... Just look at what happened with the recent bipartisan deficit commission. ... email: info@als-alexander.org or interalex2@gmail.com