Chriss W. Street

Lawsuit Exposes Orange County Financial Crisis

The ballooning Orange County financial crisis continued its downward spiral as the State of California filed a lawsuit to force return of $73.5 million of property tax revenue the County skimmed from local schools and community colleges last November. It seemed bizarre at the time that the supposed “Most Conservative County in America” would increase spending by $145.8 million, then grab the school’s cash and cancel planned layoffs of 490 union workers. 6 Apr 2012

Crony Capitalism Keeps Blowing in the Wind

A good example of the economic silliness of “wind farming” takes place along the Columbia River Gorge where there are a high number of wind turbines. The local electrical operator is Bonneville Power Authority (BPA). Last year, BPA had to shut down the wind farms for nearly 200 hours over 38 days. By law, Bonneville is required to compensate wind companies for half of their lost revenue. This year’s rebate bill could reach up to $50 million a year. 28 Mar 2012

The Old Democrat Party: FDR Expanded US Domestic Oil Production

For three years the Obama Administration energy policy focused on pouring $60 billion into alternative energy, while limiting U.S. drilling off the Atlantic Coast, Florida Gulf Coast, Gulf of Mexico, Arctic National Wildlife Refuge and federal lands in the Rockies. Due to these policies, the average price per gallon of gas just hit an all-time-high for this time of year at $3.84 a gallon. 23 Mar 2012

Exodus: California Tax Revenue Plunges by 22%

The more likely reason tax collections continue falling is that businesses and successful people are leaving California for the better tax rates available in more pro-business states. 13 Mar 2012

Terrorist Fears Will Force Obama to Send Troops to the Border

America and Iran have been involved in a covert war for many years over Iran’s efforts to geopolitically dominate the Middle East. Fearing the political and financial costs of sustaining protracted military actions against Iran, the Obama Administration has cranked up a covert program of assassinations, cyber-attacks and support for Syrian “freedom fighters” to frustrate Iran’s ambitions. 28 Feb 2012

Big Oil Wants to Kill the Keystone XL Pipeline

With America on the verge of achieving energy independence in the next five years by dramatically expanding domestic energy production, why should anyone be surprised that it’s Big Oil money that’s out to kill the Keystone XL Pipeline to prevent competition. 17 Feb 2012

Mortgage 'Settlement' Is a Bailout for California

Just over a week ago in an article I published here in Big Government: “New California Budget Crisis May Torpedo November Tax Increase Initiative.” The article illuminated how State Controller John Chaing had shocked California’s spendthrift politicians by announcing the State would be out of cash beginning March 8th and would miss up to $5.4 billion in vendor payments through May 1st. The timing of the Chaing announcement was disastrous for state politicians; because it destroyed any hope that Governor Jerry Brown’s $6 billion tax increase initiative on the ballot in November would pass. 10 Feb 2012

Agenda 21 Is Repackaged Socialism, Unsustainable Development

This year marks the twenty-fifth anniversary of the United Nation’s Brundtland Report, which defined Sustainable Development as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs." But aristocratic socialists have corrupted the sustainable development movement into a vehicle to achieve vast administrative power for themselves. Nations that adopt Sustainable Development are doomed to fail at meeting the needs of the present generation and through debt accumulation from deficit spending will consign future generations to a life as debt slaves. 9 Feb 2012

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