My Twitter Feed

Analysis: LAO raises concerns over latest California prison ‘realignment’ blueprint http://t.co/QBYKK9JX

Revised 2012-13 California Budget: Proposed cuts to bridge the additional $6.5 billion shortfall

// // // ]]> Faced with an additional $6.5 billion deficit, Gov. Jerry Brown has proposed another $4.1 billion in cuts to balance the state budget. This would bring the total budget cuts to $8.3 billion for fiscal year 2012-13. Read more: California confronted with higher deficit in updated 2012-13 budget Some of the additional spending cuts include: $1.4 billion from redevelopment agencies. $544 million from local trial courts – a one-time... Read More

Revised 2012-13 California Budget: Sources of the higher deficit projections

// // // ]]> California Gov. Jerry Brown’s January budget projected a $9.2 billion shortfall; however, the May revision estimated that the budget gap will grow to $15.7 billion. Read more: California confronted with higher deficit in updated 2012-13 budget The revised budget attributed the $6.5 billion deficit increase to three factors: Overly optimistic tax revenue forecast – $4.3 billion Increase in Proposition 98 obligations... Read More

California faces higher deficit in revised 2012-13 budget

Gov. Jerry Brown has called for another round of steep cuts to California’s education, health care and social welfare programs to bridge an additional $6.5 billion deficit projected in the revised 2012-13 state budget.  Read More  Read More

Transcript: Press conference Q&A with Gov. Jerry Brown on the May revision of the 2012-13 California budget

Transcript: Press conference Q&A with Gov. Jerry Brown on the May revision of the 2012-13 California budget: California Gov. Jerry Brown at a press conference discussing the revised 2012-13 state budget. SOURCE: CalChannel.com Question: ”Governor, on employee compensation, can you explain how you’re going to achieve those savings? Can you do it by executive or how are you going to do it?” Gov. Jerry Brown: ”Through negotiations.... Read More

Transcript: CDCR Secretary Matthew Cate on the updated 2012-13 prison realignment budget

Transcript of remarks by Matthew Cate, Secretary of the California Department of Corrections and Rehabilitation, on the updated 2012-2013 prison realignment implementation plan (April 23, 2012): Matthew Cate, Secretary of the California Department of Corrections & Rehabilitation. SOURCE: cdcr.ca.gov “Many of you – most of you – remember that on October 1, 2011, Public Safety Realignment was implemented. The focus of AB 109 has... Read More

Health care law’s MLS rule expected to save consumers $1.3 billion in 2012

Consumers and businesses will save an estimated $1.3 billion this year under the health care law’s Medical Loss Ratio provision, according to a study by the Kaiser Family Foundation.  Read More  Read More

Transcript: AZ Gov. Jan Brewer reacts to SCOTUS hearing on Arizona’s immigration law

Transcript of remarks by Gov. Jan Brewer (R-Ariz.) on the Supreme Court oral arguments on Arizona’s SB 1070 immigration law, April 25, 2012:  Arizona Gov. Jan Brewer (Republican). SOURCE: C-Span.org “I am very, very encouraged from what we’re all able to view today and hear. I thought the hearing went very, very well. I feel very confident as I walked out of there that we will get a favorable ruling in late June. “I’m... Read More

Analysis: Reforms needed to ensure sustainability of Social Security & Medicare

Medicare and Social Security funds will face insolvency by 2024 and 2033, respectively, unless Congress promptly passes reforms to control costs and boost tax revenues to steer the programs to a more sustainable path. The Social Security and Medicare Board of Trustees’ 2012 reports confirmed what many already know: the entitlement programs are running out of money to keep pace with the current level of benefits that millions of seniors and disabled... Read More

Transcript: Treasury Secretary Timothy Geithner on the 2012 Social Security & Medicare trustees report

Transcript of remarks by Treasury Secretary Timothy Geithner on the 2012 Social Security & Medicare trustees report: Treasury Secretary Tim Geithner. SOURCE: C-Span.org “Every year, as you know, the Social Security and Medicare Boards of Trustees issue reports to Congress on the strengths of these two indispensable programs. And we just met to complete this year’s financial review and to transmit to Congress the final reports. Read... Read More

Transcript: HHS Secretary Kathleen Sebelius on the 2012 Social Security & Medicare trustees report

Transcript of remarks by Health and Human Services Secretary Kathleen Sebelius on the 2012 Social Security & Medicare trustees report: HHS Secretary Kathleen Sebelius. SOURCE: C-Span.org “Today’s trustees report confirms that Medicare is in a much stronger position that it was a few years ago thanks to the Affordable Care Act. “Without the health care law, the Hospital Insurance Trust Fund would be exhausted in 2016 –... Read More