california

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Free Minds TV May 7, 2010 (EP 157)


Yet another corrupt sheriff has been busted selling drugs out of his police issued SUV, a UK man finds himself in hot water because a red white and blue sign is construed as racist, hair braiding and useless licensure, and Arnold Schwarzenegger vetoes anti-smoking bill that would have banned smoking from almost all public places in CA.

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0135 Free Minds TV November 27, 2009

A city union upset with an Eagle Scout because he did volunteer work they were going to get paid to do, a California town installs license plate reading cameras that will track each car coming in and leaving town, the Downsizer Dispatch, a BART police officer charges suspect with battery after he got cut shoving suspect's head through a glass window, and the economy may take longer to recover than thought.

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California IOU's Unconstitutional?

Over the weekend, we covered the threat of California's crazy budget tricks to inflation.

Turns out, the IOU's appear to violate the Constitution. They may also qualify as securities subject to SEC regulations.

Basically, the whole thing is a big mess and would have been a lot simpler if California had simply controlled its spending in the first place.
Grant Bosse's picture

The hidden threat of California's IOUs

The State of California has spent far more money than its taxpayers can provide. A dysfunctional Legislature and a referendum system that locks in certain budget decisions made it impossible to cut the out-of-control spending that led to the problem, so California has started issuing IOU's to pay its vendors and benefit recipients.

The Wall Street Journal has posted an example of California's IOUs.

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California's Revenue Problem

California has a revenue problem. It's taxpayers can't generate enough revenue to feed the appetites of its politicians:

0114 Free Minds TV June 12, 2009

California proposes doing away with welfare, officials threatening using eminent domain to build a $58 million memorial for flight 93 on 500 acres of land in Pennsylvania, the Downsizer Dispatch, and journalist Sam Dodson who was arrested nearly two months ago for filming inside the Keene District Court lobby was released on from jail and is on the show.

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