A "trigger" provision in last month's state budget deal may increase both cuts in state spending and raises in taxes. We hear what federal stimulus money has to do with it. Plus, violence in Mexico is changing a lot of plans for spring break vacations. On our rebroadcast of To the Point, forget the "axis of evil." Economic recession now threatens political upheaval around the world, with national security consequences here in the US. We look at potential sources of trouble. Is Washington paying attention?
Violence in Mexico May Mean Spring Break in Palm Springs
From this Episode:
Global Recession and Insecurity
The World Bank says the global economy will shrink this year for the first time since the 1940’s. Falling demand in the West has led to the sharpest drop in world trade in...
25 min, 37 sec
Lobbyists and Lawmakers Sipping Wine at Budget Time
December’s legislative spending reports were released last week, revealing that lawmakers of both parties continue to be wined and dined at lobbyists’ expense, 25 years...
6 min, 46 sec
Stimulus Could Trigger More State Taxes, Spending Cuts
In May, Californians will be asked to approve six ballot measures confirming $42 billion in spending cuts and new taxes that made up the compromise that was worked out...
6 min, 36 sec