Category: Articles & Op-Eds

San Francisco Chronicle: A perfect time for the governor to fix California’s accounting

Many state and local officials know their agencies should convert to modern, “true accrual” financial reporting but fear the political consequences because conversion would force the recognition of higher expenses in the short term. However, much higher expenses would be…

San Diego Union-Tribune: Big money talks in California politics

Everyone knows about the pharmaceutical companies, defense contractors and other financial interests that dominate political spending in Washington, D.C. Because federal spending provides a big share of those businesses’ revenues, it’s not surprising they spend heavily for a Congress sympathetic…

SacBee: Brown must beware the bull market

In 1999, then-Gov. Gray Davis was considered a potential vice presidential pick and future presidential prospect. In 2007, supporters of Arnold Schwarzenegger suggested a change to the Constitution so the Austrian-born governor could run for president. Within two years, both…

San Jose Mercury News: Governor must get real about $72 billion debt for retirees’ health care costs

Imagine your friend built up $10,000 of debt from buying Christmas presents on credit. When he announces an intention to eliminate that debt, you ask how. He answers that, from now on, he’s going to purchase Christmas presents only with…

SacBee: Three fiscal issues the Legislature should address

Thanks to a doubling of the stock market and a tax increase, state revenues are higher than ever, yet services for citizens keep declining. That’s because Gov. Jerry Brown and the Legislature still haven’t addressed core fiscal issues. As the…

Fox & Hounds: How The Past Can Devour The Future

The stock market has hit record highs and public pension funds are reporting record levels of capital, yet public pension costs keep growing, leaving some observers puzzled. A new book by French economist Thomas Piketty helps clear up the confusion.…

San Francisco Chronicle: Tenure reform should be part of education-code revamp

After a U.S. district judge struck down California’s same-sex marriage ban, Proposition 8, California’s then-Attorney General Jerry Brown refused to appeal the ruling. At the time, Brown told the court that attorneys general “are not potted plants in the litigation…