Business
Cash-Strapped California Inches Closer To Handing Taxpayer Home Loans To Illegal Migrants
From the Daily Caller News Foundation
California lawmakers are one step closer to making hundreds of millions of taxpayer-funded home loans available to residents living in the country illegally.
Democrats on the California Senate Appropriations Committee unanimously approved AB 1840 to move forward on Thursday, according to an official vote tally of the legislation. The bill has one last chance to be struck down on the Senate floor, where Democrats wield majority power, before it lands on Gov. Gavin Newsom’s desk.
The legislation seeks to amend the California Dream For All Shared Appreciation Loan program, an initiative launched last year that provides first-time homebuyers with a loan of up to 20% of the house’s purchase price for down payment or closing cost. If passed and signed into law, illegal migrants living in California would be eligible to apply for a piece of the pie.
“Once again, California has chosen to prioritize illegal immigration and fiscal irresponsibility over the needs of its citizens, all while facing a $60 billion deficit that will ultimately be passed onto taxpayers,” San Diego County Supervisor Jim Desmond said in a statement provided to the Daily Caller News Foundation.
“California is in dire financial straits, yet lawmakers continue to prioritize programs that incentivize illegal immigration and strain local resources,” Desmond continued. “Expanding this program to include illegal immigrants is not just another handout — it’s a massive overreach that shifts the financial burden onto law-abiding taxpayers.”
These taxpayer-funded home loans are interest-free and borrowers are not required to dole out monthly payments, making the program incredibly popular with California residents.
When applications for the $300 million program first opened up in May 2023 — offering interest-free loans to roughly 2,300 middle and lower-income homebuyers — the money ran out in less than two weeks, according to the LA Times. State officials have since tightened eligibility for the program, requiring that at least one of the applicants be a first-generation home buyer and replacing the first-come-first-serve model with a lottery.
Despite California struggling to cope with a budget deficit in the tens of billions of dollars, and availability for the program incredibly tight already, one state lawmaker felt the loan program wasn’t inclusive enough.
Assemblymember Joaquin Arambula, a Democrat from Fresno, first introduced AB 1840 in January, with the goal of broadening the definition of “first-time home buyer” to include illegal immigrants. The lawmaker argued in March that the “social and economic benefits of homeownership should be available to everyone,” according to a local news KTLA. Arambula did not immediately respond to the the DCNF’s request for comment.
The legislation has since easily passed the Democrat-dominated California Assembly and sailed through the Senate Appropriations Committee — with opposition exclusively relegated to GOP lawmakers.
“California’s budget deficit continues to grow and Democratic lawmakers are so out of touch with everyday Californians that they and are quite literally taking money away from law-abiding citizens, their own constituents, and handing it over as a free gift to people who broke federal law to cross the border illegally,” California Sen. Brian Dahle stated to the DCNF.
“There’s no accountability and transparency when it comes to the Democrats’ spending sprees, and it’s unfortunate because many Californians see homeownership as nothing more than an illusion at this point,” Dahle continued.
California is experiencing a massive budget shortfall.
State lawmakers in June approved a budget that slashed spending and temporarily raised taxes on businesses in an effort to shore up a nearly $50 billion budget deficit, according to the Associated Press. The dire financial situation marks a far cry from the more than $100 billion surplus the state enjoyed roughly two years ago, but those revenue spikes proved only temporary as rising unemployment, inflation and a slowing of the tech industry has battered California pocketbooks.
The state’s deficit was roughly $ 32 billion in 2023, which grew to more than $46 billion earlier this year and is now around $60 billion, according to California Republicans — drawing questions as to why lawmakers would open up a highly-coveted loan program to a large swath of the population that does not hold legal status.
Nearly two million illegal migrants live in California, according to data published by the Pew Research Center in July.
It’s not immediately clear if Newsom will sign the legislation. When reached for comment, a spokesperson said the governor’s office does not typically comment on pending legislation, adding that the governor would “evaluate the legislation on its merits” should it reach his desk.
Approval of AB 1840 came on the same day that Vice President Kamala Harris’ campaign announced she would be unveiling a proposal similar to her home state’s current program: $25,000 in down payment support for first-time homebuyers, including greater support for first-generation homeowners.
It’s not clear if the proposal from Harris — who has recently attempted to cast herself as more of a border hawk — would explicitly exclude illegal immigrants. Her campaign did not respond to a request for comment from the DCNF.
California Republicans, in the meantime, are left balking at their own state’s legislative actions.
“Many legal California residents can’t afford a home in their own state,” California Sen. Brian Jones said to the DCNF. He is one of only two GOP members on the Senate Appropriations Committee.
“Instead of addressing the housing crisis, radical Democrat lawmakers want to help illegal immigrants buy houses with the gift of taxpayer funds,” Jones continued. “With a $62 billion budget deficit, we need to focus on preserving essential government functions, not unfair political spending for those here illegally.”
Business
Debunking the myth of the ‘new economy’
From Resource Works
Where the money comes from isn’t hard to see – if you look at the facts
In British Columbia, the economy is sometimes discussed through the lens of a “new economy” focused on urbanization, high-tech innovation, and creative industries. However, this perspective frequently overlooks the foundational role that the province’s natural resource industries play in generating the income that fuels public services, infrastructure, and daily life.
The Economic Reality
British Columbia’s economy is highly urbanized, with 85% of the population living in urban areas as of the 2021 Census, concentrated primarily in the Lower Mainland and the Capital Regional District.
These metropolitan regions contribute significantly to economic activity, particularly in population-serving sectors like retail, healthcare, and education. However, much of the province’s income—what we call the “first dollar”—originates in the non-metropolitan resource regions.
Natural resources remain the backbone of British Columbia’s economy. Industries such as forestry, mining, energy, and agriculture generate export revenue that flows into the provincial economy, supporting urban and rural communities alike. These sectors are not only vital for direct employment but also underpin metropolitan economic activities through the export income they generate.
They also pay taxes, fees, royalties, and more to governments, thus supporting public services and programs.
Exports: The Tap Filling the Economic Bathtub
The analogy of a bathtub aptly describes the provincial economy:
- Exports are the water entering the tub, representing income from goods and services sold outside the province.
- Imports are the water draining out, as money leaves the province to purchase external goods and services.
- The population-serving sector circulates water within the tub, but it depends entirely on the level of water maintained by exports.
In British Columbia, international exports have historically played a critical role. In 2022, the province exported $56 billion worth of goods internationally, led by forestry products, energy, and minerals. While metropolitan areas may handle the logistics and administration of these exports, the resources themselves—and the wealth they generate—are predominantly extracted and processed in rural and resource-rich regions.
Metropolitan Contributions and Limitations
Although metropolitan regions like Vancouver and Victoria are often seen as economic powerhouses, they are not self-sustaining engines of growth. These cities rely heavily on income generated by resource exports, which enable the public services and infrastructure that support urban living. Without the wealth generated in resource regions, the urban economy would struggle to maintain its standard of living.
For instance, while tech and creative industries are growing in prominence, they remain a smaller fraction of the provincial economy compared to traditional resource industries. The resource sectors accounted for nearly 9% of provincial GDP in 2022, while the tech sector contributed approximately 7%.
Moreover, resource exports are critical for maintaining a positive trade balance, ensuring that the “economic bathtub” remains full.
A Call for Balanced Economic Policy
Policymakers and urban leaders must recognize the disproportionate contribution of British Columbia’s resource regions to the provincial economy. While urban areas drive innovation and service-based activities, these rely on the income generated by resource exports. Efforts to increase taxation or regulatory burdens on resource industries risk undermining the very foundation of provincial prosperity.
Furthermore, metropolitan regions should actively support resource-based industries through partnerships, infrastructure development, and advocacy. A balanced economic strategy—rooted in both urban and resource region contributions—is essential to ensure long-term sustainability and equitable growth across British Columbia.
At least B.C. Premier David Eby has begun to promise that “a new responsible, sustainable development of natural resources will be a core focus of our government,” and has told resource leaders that “Our government will work with you to eliminate unnecessary red tape and bureaucratic processes.” Those leaders await the results.
Conclusion
British Columbia’s prosperity is deeply interconnected, with urban centres and resource regions playing complementary roles. However, the evidence is clear: the resource sectors, particularly in the northern half of the province, remain the primary engines of economic growth. Acknowledging and supporting these industries is not only fair but also critical to sustaining the provincial economy and the public services that benefit all British Columbians.
Sources:
- Statistics Canada: Census 2021 Population and Dwelling Counts.
- BC Stats: Economic Accounts and Export Data (2022).
- Natural Resources Canada: Forestry, Mining, and Energy Sector Reports.
- Trade Data Online: Government of Canada Export and Import Statistics.
Business
Trump puts all federal DEI staff on paid leave
From LifeSiteNews
Trump’s shuttering of federal DEI programs is in keeping with his promise to ‘forge a society that is colorblind and merit-based.’
President Donald Trump has ordered all federal diversity, equity and inclusion (DEI) staff to be placed on paid leave by Wednesday evening, in accordance with his executive order signed on Monday.
The president pledged during his inaugural address to “forge a society that is colorblind and merit-based,” which is the impetus behind his efforts to abolish DEI programs that prioritize race and ethnicity above merit when hiring workers.
Trump’s Executive Order on Ending Radical and Wasteful Government DEI Programs and Preferencing stated, “Americans deserve a government committed to serving every person with equal dignity and respect, and to expending precious taxpayer resources only on making America great.”
“President Trump campaigned on ending the scourge of DEI from our federal government and returning America to a merit based society where people are hired based on their skills, not for the color of their skin,” White House press secretary Karoline Leavitt said in a statement Tuesday night. “This is another win for Americans of all races, religions, and creeds. Promises made, promises kept.”
The Office of Personnel Management issued a memo to the leaders of federal departments instructing them to inform employees by 5 p.m. ET on Wednesday that they will be placed on paid administrative leave as all DEI offices and programs prepare to shut down, according to NBC News.
It is unclear how many employees will be affected by the erasure of federal DEI programs.
Diversity training has “exploded” in the federal government since Joe Biden took office in 2020, the Beacon noted, with all federal agencies having mandated a form of DEI training before he left office.
DEI initiatives have long been widely denounced by conservatives and moderates as divisive, but they have been coming under increasing fire for undermining the competence and most basic functioning of public institutions and private corporations, even putting lives at risk.
For example, some commentators have blamed growing – and at times catastrophic and fatal – airplane safety failures in part on DEI hires and policies. Upon the revelation that a doctor at Duke Medical School was “abandoning… all sort(s) of metrics” in hiring surgeons in order to implement DEI practice, Elon Musk warned that “people will die” because of DEI.
Conservatives have also criticized DEI for stoking rather than curing division. A recent study shows that DEI programs actually breed hostility in businesses and schools.
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