Speaking of Bad Ideas …

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Striking Out

No surprise, California doesn’t have enough money to pay for benefits for unemployed workers. Why, then would the Legislature even think about giving benefits to workers who choose to go on strike?

The Golden State Is Broke?

In the WSJ, James Freeman reports on the editorial board at the San Jose Mercury News:

Gov. Gavin Newsom should veto SB 799 and limit unemployment checks to workers who are out of work through no fault of their own. If unions want to help workers pay their bills during a strike, they should increase their strike fund budget. It’s not like they don’t have the money. Labor spent an estimated $1.8 billion on election campaigning in the United States in 2020…

Beyond the basic principle of paying benefits to workers who choose to go on strike, California already owes $18 billion to the federal government for money it borrowed to pay unemployment benefits during the pandemic…

On top of that, the nonpartisan Legislative Analyst’s Office reports that the state estimates that this year unemployment benefits payments will exceed tax collections by $1.1 billion, the first time that has happened during a period of job growth.

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Debbie Young
Debbie, our chief political writer of Richardcyoung.com, is also our chief domestic affairs writer, a contributing writer on Eastern Europe and Paris and Burgundy, France. She has been associate editor of Dick Young’s investment strategy reports for over five decades. Debbie lives in Key West, Florida, and Newport, Rhode Island, and travels extensively in Paris and Burgundy, France, cooking on her AGA Cooker, driving through Vermont and Maine, and practicing yoga. Debbie has completed the 200-hour Krama Yoga teacher training program taught by Master Instructor Ruslan Kleytman. Debbie is a strong supporting member of the NRA.