From the California Policy Center:
Californians are now paying over $4.00/gallon at the pump. According to GasBuddy, refining issues led gas prices to jump about 25 cents per gallon. However, rest assured, you’re still paying only an average of 79 cents per gallon in taxes when you fill up your vehicle. If this number makes you want to scream, I have more bad news for you - Americans spent more on taxes last year than on food, clothing and health care combined. Click here to read a full analysis of the Bureau of Labor Statistics Consumer Expenditure Survey.
A new report on the financial condition of the United States ranks California 43rd in the nation for its fiscal health. With the economy cooling off, and talks of a recession in the news, you may be wondering what that means for your wallet. Well, consider not only your own income and spending, but that of your local government. As we have noted in the past, California’s total state and local government debt is over $1.5 trillion. This week CPC fellow Edward Ring makes the case for pension reform by pointing out the unsustainability of current government spending in times of economic downturn. Click here to read his analysis.
One of the reasons many municipalities are on the brink of fiscal insolvency is because government unions are able to spend money and elected local officials, who in turn increase their pay and benefits. One such union is the teachers union in California, which frequently asserts that teachers need higher pay because of a “pay gap.” Yet, as CPC contributor Larry Sand points this is a myth. Click here to read more.
Many Californians are rightfully concerned about stewarding the environment. Yet, a topic that frequently is not discussed by people is water. Although the Left and Right may argue about social issues and economic issues, the water issue should be one where both sides find common ground. This week CPC contributor Darin DuPont makes the case for why Californians must not remain complacent about this important issue. Click here to read the full article.
