Commentary The 2021 federal budget released on April 19 solidifies the legacy of the Trudeau government—it pays for spending with the country’s credit card and shows a disregard for the country’s growing debt. As outlined in Budget 2021, Ottawa expects revenues this year (2021/22) to exceed expectations from the economic update released in November 2020 by…
Increased Security Approved for Laguna Beach City Buildings
April 13, 2021
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Laguna Beach city council has unanimously approved funding for increased security systems to be installed at city hall, its police department, and the city’s administrative building. The contract was awarded April 6 to Am-Tech Security and Network Solutions Inc. at a total cost of about $185,000. The plan includes the installation of 23 cameras to…
One-Fifth of Biden Administration ‘Infrastructure’ Plan to be Spent on Infrastructure
April 11, 2021
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Commentary Just 21 percent of President Joe Biden’s proposed “infrastructure” plan is proposed to be spent on traditional infrastructure projects such as bridges, trains, waterways and roads. The remaining 79 percent, would be spent to support industrial policy and what has traditionally been called “pork barrel” projects. Of the proposed spending, 26 percent would support…
New Report Paints Dire Picture for Post-COVID Recovery Due to Increased Spending, Bigger Government
The increased size of government coupled with unprecedented spending in response to the pandemic could serve to hinder economic recovery efforts, according to a new report. Moreover, based on the growth of government in relation to per-person spending and the size of the economy, further excessive expansion of government post-COVID could impede prosperity for Canadians…
Orange County’s Poorly Maintained Bridges Could Finally Be Repaired
April 2, 2021
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Commentary Several Southern California bridges in desperate need of repair could finally be getting the attention they need. President Joe Biden’s administration recently began releasing details of its $3 trillion “infrastructure” plan, including a proposal to spend part of the money fixing “the ten most economically-significant bridges in the country in need of reconstruction. It…
35 GOP Senators, Representatives Blast Democrats’ Bringing Back Earmarks
Bringing back earmarks in federal spending is the worst “way to build back trust in Congress” because they are a quasi-legalized form of bribery” that “enables Washington’s spending addiction.” That’s according to 35 Republican members of the Senate and House of Representatives who signed a March 10 letter to Senate Appropriations Committee Chairman Patrick Leahy…
3 Ways to Stop Spending and Start Saving
Did you know nearly 40 percent of Americans can’t cover a $400 expense from their savings? People give many different reasons for not being able to save money, and I’ve heard them all. Some people do have it harder than others, but I’ve also seen enough single moms work three jobs to change their family…
Report Warns of Fast-Growing Public Debt, Impact on Canadians
Addressing the growing debt problem should be a pressing issue for governments at both the federal and provincial levels once the pandemic begins to subside, says a new report. Authored by Fraser Institute senior economist Jake Fuss and senior policy analyst Steve Lafleur, the report points out that the debt has increased significantly since the…
Consumer Sentiment Among California Democrats rebounds, Worsens for Republicans
January 26, 2021
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With consumer spending accounting for more than two-thirds of the U.S. economy, the economic outlook of shoppers can be a strong indicator of overall financial trends. That’s why consumer sentiment is often used to predict economic spending more generally, since it leads to increased investment and hiring. A recent Chapman University study unveiled that high-earning—meaning…
Do Some of All Three, and Enjoy the Ride
Dear Dave, I was talking to a friend the other day, and I couldn’t remember what you said about the three good uses for money and why each is important. Would you go over them again? Albert Dear Albert, I’ve been doing this for a lot of years, and after all that time studying finance…
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