Author: David Crane

Jerry Brown’s Big Skim

Potential profits could’ve been used for government services Governor Jerry Brown and the California Legislature have approved a scheme under which a special state fund filled with citizen-paid fees will lend money to the state General Fund, which in turn…

California Elects Not to Pay Down Pension Debt

Yet Governor Brown promises savings In a June 11 essay I suggested the state pay down pension debt rather than adopt Governor Brown’s proposal to borrow to boost pension contributions. A pay-down would lock in savings for citizens. But Brown and…

Shallow Waters

What Awaits California’s Next Governor California’s economy rises and falls with the national economy: Unemployment Rate, seasonally adjusted. Data from U.S. Bureau of Labor Statistics Governors have little to do with those waves but their approval ratings ride right alongside. Pete…

SF Chronicle: Proposed state health care plan is a faux single-payer system

Every Californian should read “The Healing of America” (Penguin Books, 2010) by T.R. Reid. An informative and entertaining tour of health care systems around the world, Reid’s book exposes the deception being proffered by proponents of legislation misleadingly characterized as…

Unhealthy Legislation in Sacramento

Health care financing bill is based on false premise Every California legislator should read The Healing of America by T.R. Reid. An informative and entertaining world tour, Reid’s book would make crystal clear the deceptions being proffered by some proponents of…

The Real Reason Behind The CA Single Payer Proposal

Hint: It’s not about health This past weekend the California Democratic Party of which I am a member held a state convention riven by the election of a new chairman. Behind that was a battle over a proposal to enact “Single…

California Cover Up

Pension loan would cover up wealth transfers to employees. California proposes to issue a pension obligation bond to finance extra contributions to the state pension fund, CalPERS. It would also cover up wealth transfers from citizens to state employees. Here’s…

Boosting Pension Contributions Is Fine

But borrowing from a special fund to do so is not. Governor Jerry Brown has proposed that California borrow $6 billion from a state special fund (SMIF) to finance extra contributions to a state pension fund (CalPERS) in order to reduce…

Plus Ça Change in California

State budget more vulnerable than ever to stock market decline. Take a look at California’s General Fund revenues over the last twenty years: Schedule 2, 2017–18 Governor’s Revised Budget Zero in on 2000-03. Notice how revenues peaked at $76 billion in 2000…

CDA CMA CNA CHA CTA SEIU CCPOA

Gibberish to you but not to candidates for CA governor. Ask the average Californian what those acronyms stand for and you’ll draw a blank stare. Ask a candidate for governor and they’ll snap to attention. Those acronyms are associations (see…