What exactly are the duties of the Lieutenant Governor of California? Many know the position only for what it is not: the governorship.

Vanity Fair's editor, Graydon Carter, laid out a compelling case for Wall St's hijacking of Washington DC.  Unfortunately, he allowed blatant partisanship to cloud his objectivity when evaluating the role of Senate Republicans in the battle for financial reform.

As gold prices rise past $1200 an ounce and the Euro tumbles due to the debt contagion, Congressman Ron Paul continues to implicate the U.S. Federal Reserve as the one of the primary culprits for domestic and international monetary problems.

Observing the current state of the California Republican Senate Primary, perhaps no phrase bears as much relevance as “the calm before the storm.”

When Governor Schwarzenegger unveiled his revised 2010-2011 budget proposal last week, there were few surprises.  With $3 billion less in projected tax revenue in April due to the recession, the state is now facing a $19.1 billion deficit. 

Last Friday, Gov. Schwarzenegger detailed the brutal budget cuts coming, saying the state doesn’t have the money, and that the current system is broken and must be repaired. Further, he said he will not sign a budget that does not contain substantial pension, budget, and tax reform.