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Posts Tagged ‘Deficit’

What is Money?

Posted by Steve Markowitz on August 14, 2014

For some years conservative economists have voiced opinions that the easy money policies of the Federal Reserve and the increasing deficit spending by the United States will damage the economy. As the years pass and without clear connection between these policies and their costs or consequences, these calls have begun to sound more like the girl that cried wolf. However, unless one believes in perpetual motion or alchemy, there must be costs to policies that in essence print money.

Forbes Editor-in-Chief Steve Forbes has said of money:

Money is simply a tool that measures value, like a ruler measures length and a clock measures time. Just as changing the number of inches in a foot will not increase the building of houses or anything else, lowering the value of money will not create more wealth. The only way we will ever get a real recovery is through a return to trustworthy, sound money. And the best way to achieve that is with a gold standard: a dollar linked to gold.

While reasonable people can argue as to the merits of again linking the dollar to gold, it is hard to argue with Forbes’ common –sense definition of money being a measuring tool. Fiat currencies, those not tied to a commodity other than the printing press, are a promise that the currency will be worth something of value in the future for trade or commerce. It does not take a PhD in economics to realize that if the total amount of goods, services and demand remain constant while the money supply increases, that the value of money will decrease.

As a simplistic example, in an economy for which the only goods and services offered and that there is demand for is corn. In this example there are 100 bushels of corn produced each year and demand remains constant at 100 bushels annually. Finally, the total currency available to this society is $100. Under this scenario, the price of corn will be $100 divided by 100 bushels or one dollar bushel. If these assumptions remain unchanged, except the aggregate money supply increasing to $150, the price will increase to $1.50 per bushel, $150 divided by 100 bushels. This is an inflation rate of 50% for the year caused by the natural bid up of prices that will occur, the result of excess currency chasing limited supply.

So far the federal deficit and Fed’s easy money policies have not resulted in significant inflation. This is due to extraordinary economic events including: 1) outsourcing that has lowered the cost of labor to the developed world, 2) excessive production capacity due to significant increases, mainly in China, and 3) historically low cost of financing that has offset spending increases by the government and lowered various costs to private industry. However, none of these items are sustainable, which when the tide turns, has the potential to lead to significant inflation with little warning.

Few economists are currently predicting significant inflation in the near-term. However, significant economic changes are rarely predicted in advance by mainstream economists. We need look no further than their track record of not predicting the 2008 economic meltdown or the problems that the subprime mortgage market would cause the economy.

Bubbles and other non-sustainable economic events generally continue much longer than reasonable logic predicts. This reality leads to a hockey stick type trajectory towards the end of bubbles. Therefore, the best economists can do is to predict a low rate of inflation until inflation kicks in. Yikes and hold on!


Posted in economics, Inflation | Tagged: , , , , , | 6 Comments »

Allen West on the Senate and Obama

Posted by Steve Markowitz on October 17, 2013

The battle is over.  President Obama has soundly defeated the hapless Republicans in Congress over the US budget deficit and Obamacare

The President was elected for a second term based on his Leftist policies and the promise to continue onward with his signature program, better known as Obamacare.  In addition, the American people gave the President’s party control of the Senate thereby neutralizing the Republican’s advantage in the House of Representatives.  The American people have spoken and must live with the consequences.

As his Blog previously proffered, the Republicans should have acknowledged the realities of not only the political landscape, but also what the American people demanded by the election.  They should have allowed the President’s programs to implode under their own weight.  Instead, Republicans chose a battle they could not win and now pay a political price, humiliation at the hands of the strongest Community Organizer in the nation.

Today President Obama gloated over his victory, as expected from the most partisan president of modern time.  He blamed Republicans for threatening default on America’s debt that “inflicted completely unnecessary damage (to) our economy”.  In addition, Obama said that the Republican’s actions slowed the economy’s growth and set back employers’ plans to hire.  The President is clearly setting the stage to blame Republicans for the ongoing economic malaise caused by his failed policies.  Why not?  Obama never takes responsibility for any of his policies.  Shame on the Republicans for their inept actions.

A Republican with more common sense, former Congressman Allen West, shared his thoughts on the President and the lame body that calls itself the U.S. Senate stating:

allen_westI’m watching the spectacle occurring on the Senate floor.  They have passed the 60 vote threshold for ending cloture.  I want the American people to understand that tonight the Constitutional Republic we know as America has suffered a horrible defeat.  Obamacare is not the law of the land.  It is an edict handed down by a tyrant, not a President.  The US Senate has just voted to affirm a new precedent that the executive branch can amend law without Congressional approval, and Congress allows it.  The waivers, exemptions, and delays implemented by President Obama have delineated a separation, not of powers, but between the political elite and their cronies – and you, my fellow Americans.  This is reprehensible, and we can expect even more bad behavior from a President that continues to spit on our Constitution and in our eyes…and smile.  The incessant government spending continues with no solution for economic growth. Anyone voting for this tonight owes some explaining to Americans….but maybe not. As Obama stated, “I won.”

Posted in President Obama | Tagged: , , , , , , , | Leave a Comment »

Entitlement Mentality Affecting US Military Preparedness

Posted by Steve Markowitz on October 1, 2013

Today the focus is understandably on the US government shutdown.  President Obama blames the Republicans and the Republican Congress blames the President.  Both contentions are political mere sideshows to the real economic problems facing the Country.  The United States’ overall fiscal problem is that we spend too much money, more each year that we bring in in tax revenues.  How the money is spent or wasted is secondary to the fact that we are stealing from our children’s future to our benefits today.

There are times when it is reasonable for a country to spend more than it brings in such as real economic crisis and war.  However, when a Country continues to run deficits year after year and ignores the perils of the excessive behavior, it is a clear sign of a country degenerating, both economically and morally.

As the federal government grew during the past hundred years, accelerating in the past fifty, it found new ways to generate revenues, i.e. taxes.  Some of these revenues were used appropriately to build infrastructure and supply Americans with essential services.  However, more recent the taxation system became a methodology to redistribute wealth from some Americans to others.  This includes corporate welfare with companies given special tax breaks, as well as entitlements to individuals, some of who are deserving and others who are not.  Also, as the federal government grew, a greater number of Americans became employed by that government and are now dependent on it for their livelihood.  Finally, when enough funds tax revenues could not sustain this perverse payments system, the government began running ever larger deficits.

One’s personal views and needs will likely affect who one believes is truly deserve it of the government’s sugar. This is irrelevant to the fact that when a government takes resources from some Americans and gives it to others it is a corruptive force.

Often those on the Right focus on entitlements given in the form of social programs as being corruptive to the capitalistic system.  While this assumption is correct to an extent, the social welfare given businesses, i.e. the military and other pet projects of the Right, are just as corruptive and damaging to the overall economy.

McKenzie Eaglen and Michael O’Hanlon wrote an interesting piece in the Wall Street Journal last summer titled Military Entitlements Are Killing Readiness that reviews how the corruptive entitlement mentality is damaging the United States’ military and its preparedness.  Eaglen O’Hanlon list some of the entitlements military personnel currently receive including: 1) health coverage for life with minimal cost sharing, 2) retiree pensions and 3) housing allowances, grocery discounts, tuition assistance, and tax breaks more.

While many contend that our military personnel deserve such perks for serving the Country, the same argument can be made for many parts of society including police officers, firefighters, etc.  In fact this same argument has often made for municipal workers and has resulted in many cities and municipalities having to cut services in order to honor these entitlement benefits.

Now, the increasing cost of the entitlements is beginning to squeeze out the United States’ military capabilities and preparedness.  Here are facts presented by Eaglen and O’Hanlon:

  • The Navy will retire more ships over the next five years than it will build, with the fleet now at only 285 vessels.
  • The Air Force has one-third the number of bombers it had during the early 1970s and is currently is aging.  The relatively newest B-2 stealth bombers are two decades old.
  • In 2014, active duty Army and Marine Corps personnel are set to decrease by over 10% from 2010.

Should the above decreases be the result of a shrinking budget, while it may be bad policy, it would be an understandable economic decision. However, these decreases are more problematic when considered in tandem with the pay/benefit increases given military personnel that according to Eaglen and O’Hanlon include:

  • From 2001 to 2012, inflation-adjusted compensation cost per active-duty service member grew 56%.
  • From 2000 to 2010, the military’s health-care costs skyrocketed 180%, to $49.8 billion from $17.8 billion—more than double the rate of the national increase.  Tricare, a highly subsidized health care system for military retirees, provide members free health care for life.   This had led to over use. For example, in 2004 benefit recipients used outpatient services 44% higher than in civilian plans; with the inpatient rate 60% higher.
  • Military retirees have very generous pension benefits.  One benefit includes receiving 50% of the average salary for the three highest pay years after only 20 years of service.  This benefit also includes a cost-of-living adjustment.  In 2011 this system cost $20 billion, but also has a perverse impact on combat veterans who rarely serve for a full 20 years and therefore receive no pension benefits.
  • There are currently 760,000 civilians working for the military, a number that continues to increase even though the number of active-duty military personnel has decreased.

Certainly our Country should take care of its military servicemen and women, especially those that served in combat.  However, that does not justify pay scales or benefits that are considered sacrosanct by some.  As these pay and benefit costs squeeze out available funds for weapons and training, we are not only doing the Country an injustice, but also those that serve.

It is politically impossible to rein in the cost of any significant governmental program as long as the government is allowed to deficit spend..  Only when we stop robbing from future generations will true political wrangling and compromise be allowed to assist in bringing government spending under control, a requirement for any successful democracy in the long term.

Posted in Entitlements, Military | Tagged: , , , , , | 2 Comments »

Growing Disability Claims Threaten US Financial Stability

Posted by Steve Markowitz on July 19, 2013

Given the problems in the Middle East, the Edward Snowden case, and of course the George Zimmerman trial, there has been little “space” left in the news for more mundane items such as economics and the economy.

We do not have to go back too many months to recall when there was serious concern over Europe’s sovereign debt, America’s deficits and the US sequestration spending cuts.  However, ignoring these issues does not indicate that the problems are resolved.

Michael Boskin, a Stanford University economics professor published an op-ed in the Wall Street Journal titled The 2016 Disability Insurance Time Bomb concerning the serious problem of America’s growing disability liability.  Boskin states:

  • In 1970 less than 3 million Americans collected disability payments from Social Security’s disability insurance program.  Today that number is nearly 11 million.
  • In 2012 the disability payments cost $140 billion, increasing eight times (adjusted for inflation) from 1970.
  • While the number of people receiving disability payments has skyrocketed, physically taxing jobs such as manufacturing, mining and agriculture have declined between one-third and three-fourths since 1970.
  • Boskin reports that the Social Security’s Disability Insurance Fund will run out of money by 2016 without significant changes or increases in taxes.
  • In the past 12 months approximately 1,000,000 newly disabled workers were added to the program.  This alone represents approximately a $300 billion total cost for these recipients’ benefits.

Boskin concludes that the number of people receiving disability has skyrocketed in part because of changes in the law made in 1984 by Congress that significantly broaden those eligible including back pain, arthritis, and increased mental illness coverage.  In addition, the government does not adequately supervise those receiving benefits.  As an example, in 2009 less than 1% of those on disability went back into the workforce or gave up benefits.  Disability insurance is being viewed in many cases an extension of other government and nongovernmental benefits.

States have also taken advantage of the federal government’s disability program.  Many shift their citizens from Medicaid and welfare onto disability insurance or Medicare, both of which are paid for by the federal government.

Social Security disability payments is another unfunded liability placed on future Americans.  Unlike the Greatest Generation that returned from World War II and created an economy that allowed their children to prosper, those children, the Baby Boomers, are stealing from their children and future generations so that they can live more comfortably today.  Narcissism and greed is an insidious affliction of society.  It will be interesting to see the reaction of younger Americans when they finally figure out what the Baby Boomers have done to their country and future.

Posted in Government Handouts, Government Waste | Tagged: , , , , | Leave a Comment »

Dr. Benjamin Carson Lectures Washington at National Prayer Breakfast

Posted by Steve Markowitz on February 8, 2013

President Obama is a gifted orator who typically has his way at public appearances.  In addition it is rare for the President to be challenged by the mainstream media.

The President attended the National Prayer Breakfast this week where he made a speech.  Prior to his presentation, Obama was lectured by its keynote speaker, Dr. Benjamin Carson, a renowned pediatric neurosurgeon at Johns Hopkins Hospital.  As Carson made his 30 minute presentation, Obama was forced to listen to his conclusions that included:

  • Carson called political correctness “a horrible thing” and “dangerous”.  He stated: “We’ve reached a point where people are actually afraid to talk about what they want to say, because somebody might be offended.”
  • Carson pointed to importance of family and education, connecting these items to his marvelous advancement from poverty.  While Progressives often pointed to the importance of education, this is but code words for paying off their union constituents.  They rarely talk of the importance of family.
  • The doctor also expressed concern for the moral decay and fiscal mess of the United States: “I think particularly about ancient Rome. Very powerful – nobody could even challenge them militarily … they destroyed themselves from within.  Moral decay. Fiscal irresponsibility.
  • The Country’s $16 trillion deficit was also addressed: “And one of our big problems right now…our deficit is a big problem.  Think about it — and our national debt — $16 and a half trillion dollars.
  • Carson criticized the complex and progressive federal tax system suggesting instead a flat tax: “What about our taxation system — so complex there is no one that can possibly comply with every jot and tittle.  When I pick up my Bible, you know what I see — I see the fairest individual in the universe — God — and he’s given us a system.  It’s called tithe.”  One does not have to be religious to appreciate the logic here.

Finally, Carson went after the President’s plans for the medical system. He suggested an alternative that would include a tax-deductible health savings account for all Americans that is initiated on the data their birth.  Those without means would receive funds for the account from the government.  This account would be used for healthcare, as determined by each individual.  Any amount remaining at death could be passed on to the individuals heirs.  The idea is beautiful in its simplicity and understanding of human nature.  It offers individuals the ability to manage their healthcare spending, treating this account as a valuable asset.

Dr. Carson’s presentation at the national prayer breakfast is posted below.  It was a good lecture for the President and it is appropriate for all Americans.

Posted in Political Correctness, President Obama | Tagged: , , , , , , , , , | 1 Comment »

Defining the Fiscal Cliff

Posted by Steve Markowitz on October 25, 2012

The term “Fiscal Clift” is being used to give a face to an impending self-inflicted economic crisis that will occur in 2013 should the politicians in Washington not act on the budget.  Beyond general comments that this will lead to increasing taxes and lower government spending, specifics are not often not discussed.  Economist John Mauldin this week posted The Perils of the Fiscal Cliff that succinctly explains the issues.

In 2011 the Republican Congress and President Obama were at odds over the budget.  The President wanted to raise taxes on wealthier Americans to cut the deficit and Congress demanded spending cuts.  Both sides took the disagreement to the brink that could have led to America stop paying on its debt obligations to bondholders.  At the last minute a half-baked compromise was reached and in typical Washington form they kicked the can down the road.  A Congressional committee was set up with members of both parties tasked with coming up with a compromise budget with the caveat that if they did not succeed within a certain time period draconian tax and budget cuts, especially for defense, would automatically occur.

The bipartisan Congressional committee failed to reach agreement.  As Mauldin points out, without Congressional action this will mean a $650 billion hit to the economy next year as follows:

  • $265 billion with the end of the Bush tax cuts, $55 billion will come from Obama’s “millionaires and billionaires” and $210 billion from others.
  • The automatically cuts from debt-ceiling deal that will be about $160 billion, of which $110 billion will come from sequestration, mainly from defense.
  • About $140 billion with the end of the 2% Social Security tax break and extended unemployment benefits.
  • Another $24 billion from a tax increase on wealthier Americans required under Obamacare.
  • The temporary fix of the Minimum Tax expires that will increase taxes by about $105 billion.

While arguments can be made as to whether each action is fair or appropriate, the economic realities are not.  The removing of $650 billion from the US economy while it is so weak will have serious economic consequences.  This equals about a 4% drop in GDP while the economy is only currently growing at about a 2% rate.  The would mean that the economy would contract by about 2%, i.e. a serious recession.

Both political parties own responsibility for the problem.  It has occurred not because the people in Washington are inherently bad.  Instead it results from a corruptive system the rewards politicians (reelects them) based on promises and handouts offered to the electorate, no matter how outrageous.  Resolution of this systemic problem requires only two relatively straight-forward actions: 1) term limits for the Congress and Senate and 2) curtailing Congress from spending annually more than the revenue the Country brings in each year.  It is telling that neither party advocates these actions.  For such common sense Tea Partiers are called radicals.  It does not take a great deal of imagination to determine who promotes that narrative.

Posted in Debt, Deficits | Tagged: , , , , , , , , | Leave a Comment »

Paul Ryan’s Spanks Debbie Wasserman-Schultz

Posted by Steve Markowitz on August 17, 2012

The video below helps demonstrates Paul Ryan’s understanding of America’s debt problem and the related entitlement programs.  In a September 2010 mini debate with Democratic National Committee chairperson, Debbie Wasserman-Shultz, Ryan refers to the unsustainable trajectory of the debt and entitlements.  In typical Leftist rhetoric, Wasserman-Shultz ignores the argument and instead accuses Ryan of attempting to address the financial problems on the backs of the less fortunate.

Given the trajectory of America’s deficits and debt, without addressing the entitlements problems soon, the money will run out for funding them in the future.  Democrats and some Republicans would continue kicking the can down the road on these serious issues to push them off to someone else’s watch.  Paul Ryan has more character than that.

Posted in Entitlements, Fannie Mae | Tagged: , , , , | Leave a Comment »

Obama’s Deficit Spending Used for his Reelection

Posted by Steve Markowitz on August 5, 2012

President Obama has proven to be a master at spending borrowed money.  During his first term in office he has increased the Country’s debt by over $5 trillion, more than all of his predecessors combined.  This spending promoted his vision for fundamentally changing America by significantly increasing the size, power and scope of the federal government.  However, with all of the spending the economy remains weak and we could be heading into a double-dip recession.

Obama’s deficit spending is not confined to America’s finances.  The New York Times in Record Spending by Obama’s Camp Shrinks Coffers reports that the President’s reelection campaign is using a similar spending strategy.  According to the Times, his reelection team has spent more at this point than any other incumbent running for reelection.  Through June his campaign spent $400 million.  During June alone the campaign spent over $70 million, an amount significantly higher than the dollars brought in during the month, i.e. deficit spending.

What was once a commanding dollar advantage over Romney is now a deficit.  Significantly, most polls still show the race to very close.

President Obama has used failed deficit spending to manage America’s economy.  He has not learned from the experience, using a similar spending approach for his reelection campaign.

Once again the President is proving that problems can often not be resolved by spending.  Should he lose the election, he will likely leave the Democrat Party broke.  He certainly has shown no favoritism when spending other people’s money.

Posted in Deficits, President Obama | Tagged: , , , | Leave a Comment »

California is Broke: It’s the Spending Stupid

Posted by Steve Markowitz on June 19, 2012

John, formerly from the West Coast, sent in the list below of California state agencies and offices.  This Blog spot checked the list and found it accurate.  The sheer number is incredible.

President Obama and others on the Left proffer the view that the Country’s deficit and debt problems should be resolved by increasing revenues, i.e. raising taxes.  Any attempt to cut spending is met with claims that they would inflict fatal harm on the needy.  In fact, such cuts would inflict the greatest harm on the organizations are dependent on the government spending.

California’s deficit this year is estimated to be approximately $16 billion.  A significant portion of that money is wasted on the organizations and agencies listed below.

California Academic Performance Index (API) * California Access for Infants and Mothers * California Acupuncture Board * California Administrative Office of the Courts * California Adoptions Branch * California African American Museum * California Agricultural Export Program * California Agricultural Labor Relations Board * California Agricultural Statistics Service * California Air Resources Board (CARB) * California Allocation Board * California Alternative Energy and Advanced Transportation Financing Authority * California Animal Health and Food Safety Services * California Anti-Terrorism Information Center * California Apprenticeship Council * California Arbitration Certification Program * California Architects Board * California Area VI Developmental Disabilities Board * California Arts Council * California Asian Pacific Islander Legislative Caucus * California Assembly Democratic Caucus * California Assembly Republican Caucus * California Athletic Commission * California Attorney General * California Bay Conservation and Development Commission * California Bay-Delta Authority * California Bay-Delta Office * California Bio Diversity Council * California Board for Geologists and Geophysicists * California Board for Professional Engineers and Land Surveyors * California Board of Accountancy * California Board of Barbering and Cosmetology * California Board of Behavioral Sciences * California Board of Chiropractic Examiners * California Board of Equalization (BOE) * California Board of Forestry and Fire Protection * California Board of Guide Dogs for the Blind * California Board of Occupational Therapy * California Board of Optometry * California Board of Pharmacy * California Board of Podiatric Medicine * California Board of Prison Terms * California Board of Psychology * California Board of Registered Nursing * California Board of Trustees * California Board of Vocational Nursing and Psychiatric Technicians * California Braille and Talking Book Library * California Building Standards Commission * California Bureau for Private Post Secondary and Vocational Education * California Bureau of Automotive Repair * California Bureau of Electronic and Appliance Repair * California Bureau of Home Furnishings and Thermal Insulation * California Bureau of Naturopathic Medicine * California Bureau of Security and Investigative Services * California Bureau of State Audits * California Business Agency * California Business Investment Services (CalBIS) * California Business Permit Information (CalGOLD) * California Business Portal * California Business, Transportation and Housing Agency * California Cal Grants * California CalJOBS * California Cal-Learn Program * California CalVet Home Loan Program * California Career Resource Network * California Cemetery and Funeral Bureau * California Center for Analytical Chemistry * California Center for Distributed Learning * California Center for Teaching Careers (Teach California) * California Chancellors Office * California Charter Schools * California Children and Families Commission * California Children and Family Services Division * California Citizens Compensation Commission * California Civil Rights Bureau * California Coastal Commission * California Coastal Conservancy * California Code of Regulations * California Collaborative Projects with UC Davis * California Commission for Jobs and Economic Growth * California Commission on Aging * California Commission on Health and Safety and Workers Compensation * California Commission on Judicial Performance * California Commission on State Mandates * California Commission on Status of Women * California Commission on Teacher Credentialing * California Commission on the Status of Women * California Committee on Dental Auxiliaries * California Community Colleges Chancellors Office, Junior Colleges * California Community Colleges Chancellors Office * California Complaint Mediation Program * California Conservation Corps * California Constitution Revision Commission * California Consumer Hotline * California Consumer Information Center * California Consumer Information * California Consumer Services Division * California Consumers and Families Agency * California Contractors State License Board * California Corrections Standards Authority * California Council for the Humanities * California Council on Criminal Justice * California Council on Developmental Disabilities * California Court Reporters Board * California Courts of Appeal * California Crime and Violence Prevention Center * California Criminal Justice Statistics Center * California Criminalist Institute Forensic Library * California CSGnet Network Management * California Cultural and Historical Endowment * California Cultural Resources Division * California Curriculum and Instructional Leadership Branch * California Data Exchange Center * California Data Management Division * California Debt and Investment Advisory Commission * California Delta Protection Commission * California Democratic Caucus * California Demographic Research Unit * California Dental Auxiliaries * California Department of Aging * California Department of Alcohol and Drug Programs * California Department of Alcoholic Beverage Control Appeals Board * California Department of Alcoholic Beverage Control * California Department of Boating and Waterways (Cal Boating) * California Department of Child Support Services (CDCSS) * California Department of Community Services and Development * California Department of Conservation * California Department of Consumer Affairs * California Department of Corporations * California Department of Corrections and Rehabilitation * California Department of Developmental Services * California Department of Education * California Department of Fair Employment and Housing * California Department of Finance * California Department of Financial Institutions * California Department of Fish and Game * California Department of Food and Agriculture * California Department of Forestry and Fire Protection (CDF) * California Department of General Services * California Department of General Services, Office of State Publishing * California Department of Health Care Services * California Department of Housing and Community Development * California Department of Industrial Relations (DIR) * California Department of Insurance * California Department of Justice Firearms Division * California Department of Justice Opinion Unit * California Department of Justice, Consumer Information, Public Inquiry Unit * California Department of Justice * California Department of Managed Health Care * California Department of Mental Health * California Department of Motor Vehicles (DMV) * California Department of Personnel Administration * California Department of Pesticide Regulation * California Department of Public Health * California Department of Real Estate * California Department of Rehabilitation * California Department of Social Services Adoptions Branch * California Department of Social Services * California Department of Technology Services Training Center (DTSTC) * California Department of Technology Services (DTS) * California Department of Toxic Substances Control * California Department of Transportation (Caltrans) * California Department of Veterans Affairs (CalVets) * California Department of Water Resources * California Departmento de Vehiculos Motorizados * California Digital Library * California Disabled Veteran Business Enterprise Certification Program * California Division of Apprenticeship Standards * California Division of Codes and Standards * California Division of Communicable Disease Control * California Division of Engineering * California Division of Environmental and Occupational Disease Control * California Division of Gambling Control * California Division of Housing Policy Development * California Division of Labor Standards Enforcement * California Division of Labor Statistics and Research * California Division of Land and Right of Way * California Division of Land Resource Protection * California Division of Law Enforcement General Library * California Division of Measurement Standards * California Division of Mines and Geology * California Division of Occupational Safety and Health (Cal/OSHA) * California Division of Oil, Gas and Geothermal Resources * California Division of Planning and Local Assistance * California Division of Recycling * California Division of Safety of Dams * California Division of the State Architect * California Division of Tourism * California Division of Workers Compensation Medical Unit * California Division of Workers Compensation * California Economic Assistance, Business and Community Resources * California Economic Strategy Panel * California Education and Training Agency * California Education Audit Appeals Panel * California Educational Facilities Authority * California Elections Division * California Electricity Oversight Board * California Emergency Management Agency * California Emergency Medical Services Authority * California Employment Development Department (EDD) * California Employment Information State Jobs * California Employment Training Panel * California Energy Commission * California Environment and Natural Resources Agency * California Environmental Protection Agency (Cal/EPA) * California Environmental Resources Evaluation System (CERES) * California Executive Office * California Export Laboratory Services * California Exposition and State Fair (Cal Expo) * California Fair Political Practices Commission * California Fairs and Expositions Division * California Film Commission * California Fire and Resource Assessment Program * California Firearms Division * California Fiscal Services * California Fish and Game Commission * California Fisheries Program Branch * California Floodplain Management * California Foster Youth Help * California Franchise Tax Board (FTB) * California Fraud Division * California Gambling Control Commission * California Geographic Information Systems Council (GIS) * California Geological Survey * California Government Claims and Victim Compensation Board * California Governors Committee for Employment of Disabled Persons * California Governors Mentoring Partnership * California Governors Office of Emergency Services * California Governors Office of Homeland Security * California Governors Office of Planning and Research * California Governors Office * California Grant and Enterprise Zone Programs HCD Loan * California Health and Human Services Agency * California Health and Safety Agency * California Healthy Families Program * California Hearing Aid Dispensers Bureau * California High-Speed Rail Authority * California Highway Patrol (CHP) * California History and Culture Agency * California Horse Racing Board * California Housing Finance Agency * California Indoor Air Quality Program * California Industrial Development Financing Advisory Commission * California Industrial Welfare Commission * California InFoPeople * California Information Center for the Environment * California Infrastructure and Economic Development Bank (I-Bank) * California Inspection Services * California Institute for County Government * California Institute for Education Reform * California Integrated Waste Management Board * California Interagency Ecological Program * California Job Service * California Junta Estatal de Personal * California Labor and Employment Agency * California Labor and Workforce Development Agency * California Labor Market Information Division * California Land Use Planning Information Network (LUPIN) * California Lands Commission * California Landscape Architects Technical Committee * California Latino Legislative Caucus * California Law Enforcement Branch * California Law Enforcement General Library * California Law Revision Commission * California Legislative Analyst’s Office * California Legislative Black Caucus * California Legislative Counsel * California Legislative Division * California Legislative Information * California Legislative Lesbian, Gay, Bisexual, and Transgender (LGBT) Caucus * California Legislature Internet Caucus * California Library De velopment Services * California License and Revenue Branch * California Major Risk Medical Insurance Program * California Managed Risk Medical Insurance Board * California Maritime Academy * California Marketing Services * California Measurement Standards * California Medical Assistance Commission * California Medical Care Services * California Military Department * California Mining and Geology Board * California Museum for History, Women, and the Arts * California Museum Resource Center * California National Guard * California Native American Heritage Commission * California Natural Community Conservation Planning Program * California New Motor Vehicle Board * California Nursing Home Administrator Program * California Occupational Safety and Health Appeals Board * California Occupational Safety and Health Standards Board * California Ocean Resources Management Program * California Office of Administrative Hearings * California Office of Administrative Law * California Office of AIDS * California Office of Binational Border Health * California Office of Child Abuse Prevention * California Office of Deaf Access * California Office of Emergency Services (OES) * California Office of Environmental Health Hazard Assessment * California Office of Fiscal Services * California Office of Fleet Administration * California Office of Health Insurance Portability and Accountability Act (HIPAA) Implementation (CalOHI) * California Office of Historic Preservation * California Office of Homeland Security * California Office of Human Resources * California Office of Legal Services * California Office of Legislation * California Office of Lieutenant Governor * California Office of Military and Aerospace Support * California Office of Mine Reclamation * California Office of Natural Resource Education * California Office of Privacy Protection * California Office of Public School Construction * California Office of Real Estate Appraisers * California Office of Risk and Insurance Management * California Office of Services to the Blind * California Office of Spill Prevention and Response * California Office of State Publishing (OSP) * California Office of Statewide Health Planning and Development * California Office of Systems Integration * California Office of the Inspector General * California Office of the Ombudsman * California Office of the Patient Advocate * California Office of the President * California Office of the Secretary for Education * California Office of the State Fire Marshal * California Office of the State Public Defender * California Office of Traffic Safety * California Office of Vital Records * California Online Directory * California Operations Control Office * California Opinion Unit * California Outreach and Technical Assistance Network (OTAN) * California Park and Recreation Commission * California Peace Officer Standards and Training (POST) * California Performance Review (CPR) * California Permit Information for Business (CalGOLD) * California Physical Therapy Board * California Physician Assistant Committee * California Plant Health and Pest Prevention Services * California Policy and Evaluation Division * California Political Reform Division * California Pollution Control Financing Authority * California Polytechnic State University, San Luis Obispo * California Postsecondary Education Commission * California Prevention Services * California Primary Care and Family Health * California Prison Industry Authority * California Procurement Division * California Public Employees Retirement System (CalPERS) * California Public Employment Relations Board (PERB) * California Public Utilities Commission (PUC) * California Real Estate Services Division * California Refugee Programs 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The National Debt

Posted by Steve Markowitz on February 19, 2012

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