Pro tip: when you, for a long time, spend money you don't have, sooner or later things will get very ugly.
When Phil Murphy becomes New Jersey’s 56th governor on Tuesday, he’ll face a stark choice: Ship all new tax dollars to the state pension fund and freeze all other outlays — or sit back and watch the fund head to collapse.
Princeton chaired economics professor Angus Deaton and his co-author, a distinguished professor at UCSD, have some sharp words for the hot new thing in economics.
A concise, approving column on the President's decision to permit health insurance coverage to be sold across state lines.
"Welcome to Skid Row 2017: Shocking scale of homelessness in downtown LA is exposed in footage showing sidewalks lined with dozens of tents in deprived area where 20,000 people live on the streets".
"Living in a parking lot amid Santa Barbara's wealth is a kind of middle-class homelessness".
"Fractured West: In Oregon and elsewhere, rural residents increasingly balk at Democrats’ progressive governance."
From the fine folks who brought you the spotted owl: now rural Oregonians are told they need to protect the spotted frog. And this is what happens:
The rural West is a long way from the rust belt, but the two regions have more in common than many Americans realize, and their voting behavior now aligns. . . .
The skepticism is based on a simple principle: democratic local control is better than ignorant distant bureaucracy.
Sometimes the facts on the ground are just too . . . factual to ignore.
Some very good guys on this list.
"Major Provisions in Conference Agreement: The Tax Cuts and Jobs Act; Tax Units with a Tax Increase or Tax Cut . . ."
A preliminary analysis by the Urban-Brookings Tax Policy Center--in the accounts I've read, this is described as a "left-leaning" think tank--finds that for next year, under the new tax law, 80.4% of U.S. tax units will get a tax cut and 4.8% of the units will see a tax increase. For those getting a cut, the average decrease will be $2,140. (Average, not median.)
As Glenn Reynolds notes, "That's not the impression you get from reading the major newspapers".