Photo of money and "national debt" on a ripped piece of paper

Opinion: On Oct. 3, Happy Deficit Day

Imagine that the federal government received all the revenue it will receive for the year in a lump sum on Jan. 1, and then proceeded to spend that money at a constant rate. If the federal government’s budget w...

California’s Pension Debt Cannot Be Ignored

A decade ago, at Gov. Arnold Schwarzenegger’s request, I supervised a graduate student team that performed a comprehensive analysis of public pensions in California. The goal was to calculate California’s pe...
Architectural rendering providing an aerial perspective of Central Unified's new high school

Central Unified Wants Voter Input on Proposed Bond Measure

Central Unified School District residents soon will be asked whether they would vote in favor of a new hundred-million-dollar bond measure for school construction and improvements that could cause a double-digit hike in the district's property tax rate over th...
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Sanders Wants to Wipe Out All Student Loan Debt

WASHINGTON — Days before the first Democratic presidential debates, Sen. Bernie Sanders and House progressives rolled out legislation to cancel all student debt, going farther than a signature proposal by Sen. ...
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Can You Believe It? National Debt Now $22 Trillion.

WASHINGTON — The national debt has passed a milestone, topping $22 trillion for the first time. The Treasury Department's daily statement showed Tuesday that total outstanding public debt stands at $22.01 tr...
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Netflix Raising Prices for 58M US Subscribers as Costs Rise

SAN FRANCISCO — Netflix is raising its U.S. prices by 13 percent to 18 percent, its biggest increase since the company launched its video streaming service 12 years ago. The extra cash will help to pay for Netflix's huge investment in original shows and fil...