FROM Mac Taylor
Projected Deficit Is Much Higher than Anticipated Next year's state budget deficit will be $19 billion, as previously predicted, but this year's budget is $6 billion out of balance, making a grand total of $25 billion. That's according to non-partisan California Legislative Analyst Mac Taylor in a report out today.
Budget Gap Is 'Awful,' Legislative Analyst Says Governor Ronald Reagan said he was so opposed to income tax withholding in California that his feet were in concrete. When he finally approved it, he said, "The concrete cracked." Last week the concrete cracked around Governor Schwarzenegger's feet. In addition to spending cuts to help solve the state's fiscal crisis, he called for an increased sales tax and a $12 annual vehicle license fee. Although fellow Republicans in the legislature still insist that's the wrong thing to do, especially in a recession, the non-partisan Legislative Analyst has chimed in, calling the Governor's proposals " credible " but differing over some details.
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
Is the threat from Russia missing from the Russia meddling probe? There's much being made about the Trump administration's possible ties with Russia. But the bottom line is Russia's effort to influence American democracy. Do the President and his aides care enough to take action before voters go back to the polls?
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.