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POLITICS | Die Another Day: Bonds like Prop 13 are a burden for tomorrow

POLITICS | Die Another Day: Bonds like Prop 13 are a burden for tomorrow

By Chris Reed The conventional wisdom about Proposition 13 — the only ballot measure before California voters in the March 3 election — is that the $15 billion construction bond benefiting public schools, state universities and community colleges is of relatively little importance to the average voter. While there are concerns that local districts will have […]

Report: States Face $1 Trillion in Unfunded Liabilities

Report: States Face $1 Trillion in Unfunded Liabilities

BY MATTHEW VADUM States are facing more than $1 trillion in unfunded future liabilities related to health and life insurance benefits for their retired employees, a growing shortfall that amounts to about $3,100 for every person in the United States, according to a new report by the American Legislative Exchange Council (ALEC). ALEC, which has come […]

The Key to a Sustainable Economy Is 5,000 Years Old

The Key to a Sustainable Economy Is 5,000 Years Old

    by Ellen Brown We are again reaching the point in the business cycle known as “peak debt,” when debts have compounded to the point that their cumulative total cannot be paid. Student debt, credit card debt, auto loans, business debt and sovereign debt are all higher than they have ever been. As economist […]

Santa Paula: Street Repairs, Relocation of City Departments and DEBT

Santa Paula: Street Repairs, Relocation of City Departments and DEBT

By Sheryl Hamlin The Community Workshop on March 18, 2019 at the Community Center brought out about seventy five people. The program was broken into three segments: Street Repairs, Relocation of City Departments and Audience Questions. Pavement Management and Street Repair The subtle difference between this 2019 street repair proposal and the previous street repair […]

The Fed’s Dramatic About-Face

The Fed’s Dramatic About-Face

    By Ellen Brown, http://EllenBrown.com “Quantitative easing” was supposed to be an emergency measure, but the Federal Reserve is now taking a surprising new approach toward the policy. The Fed “eased” shrinkage in the money supply due to the 2008-09 credit crisis by pumping out trillions of dollars in new bank reserves. After the crisis, the presumption was the […]

Oxnard Council 3-27-18: Pension liabilities could hit the fan; Downtown Revitalization “Parklets”; $48MM in debt renewed.

Oxnard Council 3-27-18: Pension liabilities could hit the fan; Downtown Revitalization “Parklets”; $48MM in debt renewed.

By George Miller Consultants darkly warned the City of exploding pension liabilities and necessary funding, doubling in 5 years and mushrooming for the next two decades. Some off-agenda discussion on disposition of Redevelopment Successor Agency properties, which are taking a long time. Downtown “parklets” plan approved. $38MM debt refinancing and $10MM Line of credit approved. […]

Oxnard Treasurer to be included in approval of debt issues?

Oxnard Treasurer to be included in approval of debt issues?

By Phil Molina, Oxnard Treasurer  . We the People, The City Treasurer, has been added with the City Manager, ​CFO and City Attorney  as one of the city officers who must review and approve the issuance of debt instruments before the proposal is presented to the City Council. ​Thank you for your assistance in getting […]

Watch out for the bond measures ahead — $503,000,000 just in Ventura County!

Watch out for the bond measures ahead — $503,000,000 just in Ventura County!

This June there likely will be 50 to 60 school and college bond measures on the ballot throughout the state. Under Proposition 39, education bonds can pass with the approval of only 55% of voters, not the higher two-thirds threshold for the approval of non-education measures. For this reason it’s important to be aware of proposed […]

Stimulus puts US debt on an upward trajectory

Stimulus puts US debt on an upward trajectory

As part of a pledge to “Make America Great Again,” President Donald Trump and Republican lawmakers are pursuing aggressive economic stimulus while slashing taxes at the same time. The result, budget analysts say, is likely to be swelling debts and deficits for the world’s largest borrower. – A ballooning deficit – America’s budget deficit was […]

Tax cut??? Ha!

Tax cut??? Ha!

By George Miller (originally published 9-29-17- needed re-airing and still seems applicable with only minor changes)   My friends are shocked to hear that I do NOT favor a tax cut right now. You may ask why, or maybe you don’t give a #*@)!. But I’ll tell you anyway: A tax cut without spending cuts […]

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