Sunroom Desk

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Political heat on the state budget crisis in California – Assembly Speaker Karen Bass’ terrible faux pas calling citizens “terrorists”; a state appeals court ruling against using transportation funds to cover budget shortfalls; a strong defense of Prop 13 and the 2/3 majority requirement; and Governor Schwarznegger addressing a point of taxpayer resentment – overly generous pension and health care benefits for state employees.

Democrats’ state budget proposal up for vote tomorrow, as Assembly member Noreen Evans’ blog continues to receive comments from angry taxpayers.

Various bloggers and editorials consider the defeat of the budget initiatives, the California budget problem, the two-thirds majority rule, and implications for future political negotiations.

Articles and links explore the failures of the “free market,” firms “too big to fail,” and lax regulation.

Financial reporting of interesting to investors, taxpayers, manufacturing workers, editors, and Jon Stewart fans.

Federal stimulus funds going to job training programs in Glendale, California will not increase employment unless the Verdugo Jobs Center can create employment out of thin air.