Economy

“The reality is, we have to live within our means.” Which fiscally conservative luminary would you guess made that statement this week? The answer is Gavin Newsom. Yes, the very same Gavin Newsom who currently serves as the Democratic mayor of the liberal bastion known as San Francisco.

Is California making a great financial move, or is it short-selling in a panic trying to solve its budget crisis?  That’s the question that state-watchers should be asking about the so-called Golden State Portfolio now be

Hear me out first, before you excoriate me.  I'm not a big fan of Senator Bunning, but I think he may have it right on taking a stand against yet another extension of unemployment benefits.  It's undeniably true that we're still stuck in a deep recession, and it's very sad that millions of Americans remain out of work.  But, there's another, legitimate consideration that is being

The question of whether it’s better to share the pain of state budget reductions through furloughs or go cold turkey with layoffs will soon be in the hands of California’s highest courts.  But for the lives of hundreds of thousands of state workers, it’s more than just a legal matter.  Some California employees have seen their salaries decreased by as much as 15 percent because of fur