Katherine Timpf of Investor's Business Daily talks about the dozens of bills that have been introduced since the Democratic supermajority gained power in November which take aim at residents' cash, despite repeated promises of frugality from party leaders.

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California Budget Fact Check points out that despite the promises made last year that Proposition 30 would help California public schools avoid painful cuts, very little of the money is going towards students and education, while the majority is being used to cover pension short falls and faculty raises.

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Dan Walters writing for the Sacramento Bee ponders how California can have one of the highest tax burdens in the nation, yet consistently rank very low in what those many billions of tax dollars provide.

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David Greenfield's opinion piece for FrontPageMag.com explaining how CalPERS dug itself into a deep hole with “socially responsible investing“, which cost the fund billions of dollars. Compounded by its latest decision to divest money from profitable gun manufacturers, CalPERS is now bankrupting entire California municipalities because of its own corruption and incompetence.

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City Journal's Steven Malanga tells the story of how CalPERS went from a once prudently managed pension system for California's public sector workers to an over bloated, highly politicized advocate for special interests that may be the State's undoing.

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