Posts Tagged ‘waste’

Meet the Kronies

Monday, February 3rd, 2014

The Kronies has already been blogged by half the rightospehre, but it’s so well done that I wanted to post it here on the off-chance you haven’t watched it yet:

Texas vs. California Update for January 8, 2013

Wednesday, January 8th, 2014

Time for another look at the respective fortunes of the nation’s two biggest states:

  • Between 1992 and 2010, California lost $45.27 billion in income while Texas gained $24.94B. (Hat tip: Moe Lane.)
  • That’s one of the many reasons Texas has a $2.6 billion budget surplus.
  • California’s Attorney General imposes some strange language choices on a proposed pension reform initiative.
  • California Governor Jerry Brown to shift money from a green “cap and trade” fund to the high speed rail boondoggle. “Brown, et al., apparently believe that diverting cap-and-trade fees into the bullet train may buy enough time to move some dirt and lay some track, with the hope that once construction begins, it will create a moral/political commitment to complete the project. But the proposed diversion is more likely to be dumping more money into a bottomless rathole.”
  • Remember: Spending money on green boondoggles means less is available for paying for luxuries like heating classrooms in winter.
  • Desert Hot Springs inches closer to bankruptcy. They’ve already eliminated their fire department, owe $4 million from last year, and are expected to run out of money in April.
  • How the California city of Pacific Grove broke the law and ignored voter wishes to accumulate massive pension debts. “Pacific Grove now has a new unfunded pension deficit of about $45 million, in addition to the $20 million in pension bonds. The deficit grows at 7.5% per year (about $3.2 million compounding).” A neat trick for a city whose entire budget is around $12 million a year. The first in what promises to be a 7 part series.
  • Orange County employees enjoy a whole bunch of plush benefits.
  • There’s a movement afoot in California to replace seniority with performance for determining teacher layoffs. Another group wants to make it easier to fire sex offenders. Naturally teacher’s unions are opposing both. (Hat tip: TPPF.)
  • California declares war on hot sauce maker Sriracha.
  • Is California’s 10 day gun waiting period unconstitutional? (Hat tip: Shall Not Be Questioned.)
  • Restaurant chain Mimi’s Cafe relocates their headquarters from California to Texas.
  • There’s a lot of talk (not yet confirmed) that Vista Equity Partners is planning to move Active Network, Websense, and Omnitracs to Texas.
  • Evidently Los Angeles can no longer support a WNBA team. (Hat tip: Dwight.)
  • Allied Van Lines confirmed that Texas remained the number one destination for relocation in 2013.
  • 14 things non-Texans don’t understand.
  • Texas vs. California Roundup for December 11, 2013

    Wednesday, December 11th, 2013

    Time for another roundup of Texas, Red State Champion, versus Blue State California:

  • Texas is the tenth best run state in the union, while California is the worst.
  • The vast gap between California’s haves and Have Nots.
  • The federal court Detroit bankruptcy ruling has made CalPERS nervous. As well it should.
  • Ditto public employee unions. “Government agencies should have the right to reduce future accruals, just as private-sector employers can — and they shouldn’t have to wait until they’re insolvent to do so…In California, prospective benefits are sacrosanct because of a series of poorly reasoned legal rulings…The system must be fixed before more municipalities reach bankruptcy. For state and local governments to climb out of their deep holes of pension debt, they must first stop digging.”
  • A succinct statement of the problem “California local governments cannot thrive if escalating retirement costs crowd out money for public service.” Plus: “Bargaining effectively occurs between unions and those elected largely because of money from unions.”
  • Today’s California city teetering on the edge of bankruptcy: Fresno. (“Fresno? No one goes to Fresno anymore!”)
  • 18 LA County Sheriffs department deputies indicted for “beating jail inmates and visitors, trying to intimidate an FBI agent and other crimes.” (Hat tip: Dwight, who notes “They tried to intimidate an FBI agent? Does LACSD make it a practice to hire and promote deputies who are dumber than a bag of hair?”)
  • Speaking of police behaving badly, 28 Santa Monica cops took home more than $200,000 last year. For comparison, Austin’s chief of police earns $198,819 a year.
  • Even California isn’t wild about Obama anymore.
  • California lobbyist organizes a second junket to Cuba.
  • Charting the Texas oil bool.
  • Cognizant moves operations center from New Jersey to College Station.
  • Texas vs. California Roundup for November 11, 2013

    Monday, November 11th, 2013

    Time for another roundup of Texas vs. California:

  • California’s high tax, high regulation government, and its resultant high cost of living, has given the state the nation’s worst poverty rate. How’s that blue State model working out for you?
  • Fresno is completely broke. “Now the city doesn’t even have a day’s worth of cash in its general fund.”
  • Given the tough economy, CalPERS cuts back on staff bonuses. Ha, just kidding! They doubled them.
  • Desert Hot Springs is the next California city eyeing bankruptcy.
  • Stockton’s Lavish pensions contributed to it’s bankruptcy. But guess who doesn’t have to take a haircut?
  • The message Stockton’s bankruptcy has for other California cities is obvious: Just screw taxpayers.
  • Bankrupt San Bernardino throws the bums out. And the new team looks like they’re willing to take on CalPERS. A case of mixed messages.
  • Covered California, California’s ObamaCare agency, is hair plugs and fat camp.
  • There’s a magazine called Time that says that Texas is the nation’s future. (There’s a longter story, but I don’t feel compelled to obtain a login to read it.) I’m sure Texas has a much brighter future than Time
  • Your tears, Lakers fans! Let me taste them! (Missing from that piece: Dwight Howard will no longer give 10.3% of his income to the state of California, and Texas has no state income tax.)
  • This Just In: ObamaCare Still Sucks

    Wednesday, October 30th, 2013

    Suddenly, Democrats aren’t sounding so all-fire sure about ObamaCare after all. “After 16 long days of vowing to Republicans that they would not cave in any way, shape or form on ObamaCare, Democrats spent their first post-shutdown week caving in every way, shape and form.”

    Jonah Goldberg gets in some solid whacks on the idiot pushback from Democratic mouthpieces: “Obama’s [#ObamaCare] statements were not ‘narrowly untrue.’ They were broadly, knowingly and entirely untrue.”

    Also:

    The president and the Democrats lied us into a bad law. The right opposed the law on principle. A single party — the Democrats — own this law in a way that no party has had complete ownership of any major social legislation in a century. They bought this legislation with deceit and the GOP said so. Now that it is going into effect, the facts on the ground are confirming that deceit. Moreover, the same haughty condescending bureaucrats and politicians who told us they were smart enough and tech-savvy enough to do just about anything are being exposed as incompetent political hacks.

    Charles Cooke debunks the single payer fantasy and the myth of Republican responsibility for ObamaCare:

    Obamacare was passed into law without a single Republican vote; its passage led to the biggest midterm blowout since 1948; and repealing the measure has been, to borrow Harry Reid’s favorite word, the “obsession” of Republicans for nearly five years. It is a law based upon an idea that Republican leadership failed to consider, debate, or advance during any of the periods in which they have held political power — and one that they actively opposed when it was suggested in a similar form by President Clinton during the 1990s. If Republicans were desperate to get something done along the lines that Obama proposed in 2009, they have had a funny way of showing it over the past 159 years.

    Also, “single payer,” i.e. the Democrats platonic ideal of fully socialized medicine, was so horribly unpopular with the public that it never had a chance of passing:

    There is a devastatingly dull reason the bulletproof Democratic majority of 2008 didn’t build “comprehensive health insurance on Social Security and Medicare,” and that is that it didn’t have the votes. Indeed, with full control of the government, Democrats didn’t even have the votes to set up a public insurance option, let alone to take over the whole system. Long before Scott Brown was elected to the Senate, Ezra Klein was lamenting that the public option was dead on arrival.

    Charles Krauthammer also goes to town on Jay Carney’s smarmy dishonesty:

    The Obama Administration wrote regulations that actually made the situation worse. (Hat tip: Ace, who notes that NBC tried to neuter their original version to make it less critical of Obama).

    Mark Steyn on the website debacle. Bonus: The same firm who coded the ObamaCare website also coded the incompetent, bloated, non-functioning Canadian Firearms registry:

    Their most famous government project was for the Canadian Firearms Registry. The registry was estimated to cost in total $119 million, which would be offset by $117 million in fees. That’s a net cost of $2 million. Instead, by 2004 the CBC (Canada’s PBS) was reporting costs of some $2 billion — or a thousand times more expensive.

    Yeah, yeah, I know, we’ve all had bathroom remodelers like that. But in this case the database had to register some 7 million long guns belonging to some two-and-a-half to three million Canadians. That works out to almost $300 per gun — or somewhat higher than the original estimate for processing a firearm registration of $4.60.

    So how did CGI get the gig? Well, the fact that executive Toni Townes-Whitley was an old friend of Michelle Obama’s, having been in the Organization of Black Unity together at Princeton, and who visited the Obama White House several times, might have something to do with it.

    It also promotes racism, with “sections that factor in race when awarding billions in contracts, scholarships and grants” and give “preferential treatment to minority students for scholarships.” It also “creates separate and unequal operating standards for long-term care facilities that serve racial and ethnic minorities.”

    A few more nuggets:

  • “I lost my health insurance because of ObamaCare.”
  • Liberals: “I was all for Obamacare until I found out I was paying for it.”
  • The Obama Administration was warned that the website was non-functional garbage before it went live. Evidently spiting Ted Cruz was more important than actually providing a system that worked.
  • Texas vs. California Update for July 24, 2013

    Wednesday, July 24th, 2013

    Smart denizens of California must be eying Detroit’s bankruptcy warily. After all, 60 years ago Detroit was the wealthiest city in America. And California seems hellbent on following Detroit’s Blue State path to bankruptcy sooner rather than later…

  • Problem: California public employees union members getting outrageous retirement benefits on the taxpayer’s dime. Solution: Hide their pension figures from the public.
  • From Dwight comes this gem of a news story:

    Bruce Malkenhorst took home more than $911,000 a year as city manager of the tiny city of Vernon. His reign ended shortly
    before he was convicted of misappropriating public funds, and he walked away with an annual pension that eventually topped $500,000,
    the largest in the California Public Employees’ Retirement System.

    But CalPERS last year decided to cut his pension to $115,000, concluding he’d derived some of his hefty salary improperly.

    So now the 78-year-old Malkenhorst is suing Vernon to make up the difference.

    And if you’re interested in California corruption, you should be following Dwight’s regular updates on Vernon and Bell.

  • Resignation Media, another California company, is moving to Austin. (Hat tip: Urban Grounds. )
  • Meanwhile, California e-discovery firm Daegis Inc. is also moving its headquarters to Texas.
  • Navarre Corporation relocates from Minnesota to Texas.
  • Houston edges out New York City as the nation’s largest goods exporter.
  • More on Dwight Howard and others fleeing California’s income tax burden.
  • Detroit won’t be the last city to declare bankruptcy.
  • California Latino supermarket chain Mi Pueblo declares bankruptcy. The article says that creditor Wells Fargo wanted to “change the terms” of loans, but something doesn’t add up. Turns out that profits dived when Mi Pueblo was forced to fire illegal aliens after an audit, and that put their profitability under the level dictated by the terms of the loan.
  • Parallels between Detroit and San Bernardino.
  • European Debt Crisis Update for July 22, 2013

    Monday, July 22nd, 2013

    It’s shaping up to be another busy week, so here’s a quick update on the European Debt Crisis front:

  • EU Debt burden hits an all-time high.
  • Greece shuts down its bloated, money losing ERT public television/radio network. “Problems with Greek democracy are not the reason that ERT was shut down. ERT was an extravagant public company. Many, though not all, employees were hired under suspicious conditions, due to favoritism and nepotism, and receiveddisproportionately large wages (8000 Euros per month through the financial crisis and 13000 Euros per month before).”
  • Taki (who is Greek) offers some pungent assessments of his home country’s continual crisis.
  • In Europe, the law is seen is “an obstacle rather than a foundation.”
  • Spain steals from tomorrow’s retirees to pay for today’s retirees.
  • Portugal refrains from blowing up for a little while longer.
  • Germany’s finance minister tours his vassal state.
  • Don’t expect the EuroZone to explode before German elections on September 22. Plus calls for an “EMU Truth and Reconciliation Commission.”
  • First review of UK’s relationship with EU comes to the conclusion that everything is just hunky dory.
  • Texas vs. California Roundup for July 11, 2013

    Thursday, July 11th, 2013

    The hot days of summer are here. Texas is now into its usual 100° summer days. However, if it’s any consolation, Death Valley hit a record 129° in June.

    Texas’ business climate is a lot like our summers: hot, hot, hot! California’s business climate is a lot like Death Valley: Still and oppressive.

    On to the Texas vs. California roundup:

  • Unemployment claims are up in California.
  • You know all that talk of California having a small budget surplus? That doesn’t count the $10.3 billion California owes the federal government for unemployment compensation, an amount that is not expected to be paid off until 2020.
  • Between 2007/8 and 2013/14, “the officially reported unfunded pension liability for state workers through the California Public Employees Retirement System (CalPERS) grew from $31.7 billion to $57.2 billion, an 80.1% increase.”
  • He, remember that short-lived BART strike? How horribly were the employees “underpaid?” “BART employees — including management and nonunion workers — earn an average of about $83,000 annually in gross pay, contribute nothing toward their retirement and $92 monthly to health insurance. Their pay and total compensation are both the highest in the Bay Area among transit agencies.”
  • BART’s highest paid employee in 2012? Someone who earned $333,000 and never worked a day that year.
  • California’s coming health insurance death spiral.
  • California writer explains why he and his family relocated to Texas.
  • Did taxes help Dwight Howard decide to leave the Los Angeles Lakers for the Houston Rockets?
  • Rick Perry retiring means the Texas is losing on of its greatest pitchmen to the business community.
  • California, bluest of blue states, forcibly sterilized female prisoners. Well, liberal’s love of eugenics goes back at least as far as Margaret Sanger…
  • European Debt Crisis Update for July 10, 2013

    Wednesday, July 10th, 2013

    The ongoing European Debt Crisis hasn’t ended, it’s merely undergoing a summer hiatus while the various bankers and Eurocrats involved in the shell game take their customary 8 week vacations. As such, expect a new round of crisis headlines to come rolling in during the fall.

    Remember: The purpose of the shell game is to let insiders unload their bad debts onto taxpayers. (Look how it was done in Ireland for pointers.) The shell game will continue as long as the insiders can get away with buying off restive electorates with an unsustainable cradle-to-grave welfare state.

    Europe’s present is our future.

  • Once again, Greece is being given money to pretend to reform. Look for more fake austerity, and another bailout in six months.
  • “Greece will never repay the money it’s been lent to ‘save’ it. The current debate over whether Greece has done enough by way of reform, tax hikes and spending cuts to have earned the next tranche of bailout funds is largely beside the point. If Greece is cut loose, or walks away, its euro-zone creditors will lose their money. The Greeks and the Germans are surely both aware of this. They’re also aware that Greece’s external debt position is far worse than when the bailouts began—when its debt stood at a mere 129% of GDP—and that any talk of debt sustainability in Greece has become a joke.” It’s now at 157% of GDP.
  • Predictably, Greek unions respond to more fake austerity and staff cuts by extending strikes.
  • Europeans realize that their governments are corrupt. Those who think they’re not corrupt? “In Spain that number is just 8 percent. In Italy, it’s 13 percent. And Greeks and Portuguese have the least trust in the world regarding their governments’ efforts: Just 1 percent of respondents say their government is making strides against corruption.”
  • And just how corrupt is Greece? “Politicians and journalists are viewed as on the take by most Greeks with 50 percent also saying they’ve had to bribe public officials to get services.”
  • Eurozone unemployment hits all time highs.
  • The EU is preparing a banking union bill. No word on whether it will require depositors to take haircuts like those in Cyprus in the event of a bank failure.
  • And speaking of bank failures, there are rumblings that Slovenia will require a bailout.
  • Portugal is still trudging through their own bank bailout…
  • …despite which they may still need another bailout.
  • Italy could be forced to beg for a bailout in six months.
  • UK actually proposes to roll back some 35 EU laws. This may be the first sign that Cameron’s wet Tories have actually noticed how effectively Nigel Farge’s UKIP is eating into their base…
  • UKIP itself says it’s a threat to the entire political class Well, let’s hope so…
  • Latvia is now set to join the Euro on January 1, 2014.
  • Texas vs. California Update for 6/17/13

    Monday, June 17th, 2013

    Time for another Texas vs. California roundup!

  • California’s mullet budget: conservative in the front, but with a long greasy, tangled mane of liberal spending and debt in the back.
  • “Public pension costs are increasing simply because liabilities are growing faster than assets….To meet the rate at which pension liabilities were growing in 1999, Calpers needed the Dow to reach 30,000 by now.”
  • “California still has a mammoth long-term pension gap. If it used the same pension accounting standards as private companies must, its total debts would be a terrifying $1 trillion.”
  • What does the future look like in California? Well, take a look at Detroit, another one-party liberal Democrat fiefdom, where decades of chronic overspending and mismanagement are leading to a bankruptcy filing which will screw bond-holders and pensioners alike.
  • Speaking of bankrupt cities that can’t pay their bills, Stockton is paying out $5.1 million in settlements for retirees who are losing their health benefits due to the bankruptcy.
  • Some inside baseball news on maneuverings in the Stockton and San Bernardino bankruptcies.
  • Due the huge looming deficits, California’s public employee unions have had to accept wage cuts. Ha, just kidding! They’re getting raises.
  • California’s highest court rules that privacy rights don’t apply to you if public employee unions want your money.
  • Despite high electric rates, California is shuttering one of its nuclear power plants.
  • Thanks to California’s implementation of ObamaCare, Aetna is exiting the individual insurance market there.
  • Rick Perry travels to Connecticut to woo gun manufacturers to relocate to Texas.
  • Why NBA All-Star Dwight Howard might join the Houston Rockets: Texas’ lack of a state income tax.