Ordc Forum/Blog

Dear Paul,

Click here (actually - click on the title) to fix California's Dysfunctional BudgetTeachers, firefighters and nurses have launched a petition drive to put a majority vote budget on the ballot in November.

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Jeff Rubin is author of WHY YOUR WORLD IS ABOUT TO GET A WHOLE LOT SMALLER. After nearly 20 years as the chief economist of CIBC World Markets, Jeff Rubin left the bank earlier this year to seek a larger audience for the story he wanted to tell.

Jeff Rubin
Wall Street is worrying about financing the PIGS (Portugal, Italy, Greece and Spain), and little wonder. Proposals to halt exploding public sector budget deficits in those countries already have the workers out in the streets in Athens and Madrid.

But we needn’t look across the Atlantic to see a debt crisis in the making. The U.S. economy is sporting a record one-and-a-half trillion dollar budget deficit, and even Canada, after running a decade of budget surpluses, is posting its own largest deficit ever.

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The Tracy city government, in their desperation for revenue, have gone into the protection racket.

TRACY, Calif. (CBS13) Tracy residents will now have to pay every time they call 9-1-1 for a medical emergency.

But there are a couple of options. Residents can pay a $48 voluntary fee for the year which allows them to call 9-1-1 as many times as necessary.

Or, there's the option of not signing up for the annual fee. Instead, they will be charged $300 if they make a call for help.

"A $300 fee and you don't even want to be thinking about that when somebody is in need of assistance," said Tracy resident Greg Bidlack.

Residents will soon receive the form in the mail where they'll be able to make their selection. No date has been set for when the charges will go into effect.