Wayne Winegarden

3 weeks ago | pacificresearch.org | Wayne Winegarden

Despite the unanimous ruling from the Court of International Trade, the Supreme Court will likely decide whether the International Emergency Economic Powers Act empowers President Trump to levy global tariffs. As this process will take time to play out, economic uncertainty will persist for the foreseeable future. What isn’t uncertain is the adverse consequences that these tariffs will have.

3 weeks ago | forbes.com | Wayne Winegarden

Sanctions Political Trade WargettyDespite the unanimous ruling from the Court of International Trade, the Supreme Court will likely decide whether the International Emergency Economic Powers Act empowers President Trump to levy global tariffs. As this process will take time to play out, economic uncertainty will persist for the foreseeable future. What isn’t uncertain is the adverse consequences that these tariffs will have.

3 weeks ago | pacificresearch.org | Wayne Winegarden

In its Multiyear Budget Outlook, the Legislative Analyst’s Office (LAO) summed up the dire state of California’s fiscal state. According to the LAO,Both our office and the Department of Finance (DOF) project operating deficits ranging from $10 billion to $20 billion over the multiyear period. These shortfalls represent future budget problems that would require additional budget-balancing decisions. The cause of the current financial crisis is clear.

4 weeks ago | ocregister.com | Wayne Winegarden |Matt Fleming

A housing crisis has cascading effects, but the cause is quite simple: when demand outpaces supply, costs rise and options dwindle. California is a case study in this problem, with a housing deficit that widened by nearly six million units over the last three decades. A revolving door of policymakers has promised more affordable housing, but none have truly come to terms with the root cause: the state simply does not allow itself to keep up with its growing housing needs.

1 month ago | pacificresearch.org | Wayne Winegarden

It was not supposed to be this way. In the throes of last year’s budget turmoil, California’s spending plan at that time was supposed to bring stability. Yet here we are. Another May Revision, another budget deficit — this time for $12 billion. While Gov. Gavin Newsom is right — the Trump tariffs are harming California’s economy and reducing tax revenues — the state’s current deficit and ongoing budget challenges are largely state-created.