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Keyword: spending

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  • Consumer confidence falls to lowest level in 14 months

    11/24/2015 8:40:47 AM PST · by repentant_pundit · 11 replies
    MarketWatch ^ | Nov 24, 2015 | Jeffry Bartash
    Consumers confidence fell in November to the lowest level in more than a year, a survey shows. The consumer confidence index dropped to 90.4 from a revised 99.1 in October, the Conference Board said Tuesday. That's the lowest level since September 2014. Economists polled by MarketWatch had expected the index to rise to 100. The present situation index, a measure of current conditions, dropped to 108.1 from 114.6. .... "The decline was mainly due to a less favorable view of the job market," said Lynn Franco, director of economic indicators at board. The number of people who said jobs were...
  • Let States Build Their Own Highways

    11/13/2015 8:09:51 PM PST · by Tolerance Sucks Rocks · 28 replies
    Reason ^ | October 6, 2015 | Veronique de Rugy
    When Congress left town for the August recess, it did so without coming to an agreement on a long-term transportation bill. Instead, the president signed a three-month extension that set the stage for another showdown this fall. More than 30 such temporary extensions have passed since the last multi-year transportation bill expired in 2011. The inability of Congress to come together to pass a transportation package has frustrated the myriad special interests whose lobbyists want assurances that the dollars will keep flowing for years, and not just months, to come. And the media, which seldom miss an opportunity to push...
  • Physical fitness testing suspended for all Colorado Springs police officers (Female officers win)

    11/12/2015 12:07:41 PM PST · by ScottWalkerForPresident2016 · 44 replies
    The Colorado Springs Gazette ^ | 11/10/2015 | Debbie Kelley
    olorado Springs police officers will not be required to take a physical fitness test this year, and those who failed it last year will no longer face penalties, pending the outcome of a discrimination lawsuit 12 female officers have filed. The city of Colorado Springs and its police department agreed on Friday to all conditions the plaintiffs sought in a preliminary injunction, and on Monday, U.S. District Court Judge Richard Matsch ordered the demands be met.
  • How Ted Cruz Would Balance the Budget

    11/12/2015 8:54:24 AM PST · by conservativejoy · 36 replies
    American Spectator ^ | 11/12/2015 | Peter Ferrara
    As he made clear, he's not going to 'pay' for more big government business as usual. At the CNBC debate on October 28, Ted Cruz 97%released his tax reform proposal, which I believe is the best of all the presidential candidates' plans. At Tuesday night's debate, Cruz released a spending reduction plan showing how he will pay for the tax cut involved in the tax reform plan. For the individual income tax under his tax reform, Cruz's plan provides for one flat rate of 10% on everything – wages, capital gains, dividends, personal business income, rent, interest, and all other...
  • "US Debt Is 3 Times More Than You Think" Warns Former Chief US Accountant

    11/08/2015 11:14:13 AM PST · by SeekAndFind · 57 replies
    Zero Hedge ^ | 11/08/2015 | Tyler Durden
    In a shocking admission for most of mainstream America, the former U.S. comptroller general says the real U.S. debt is closer to about $65 trillion than the oft-cited figure of $18 trillion, thanks to unfunded liabilities which simply cannot be ignored. As The Hill reports, unless economic growth accelerates, he warns, "you’re not going to be able to provide the kind of social safety net that we need in this country," adding unequivocially that Americans have "lost touch with reality" when it comes to spending.As The Hill reports, Dave Walker, who headed the Government Accountability Office (GAO) under Presidents...
  • Senate Approves Budget Deal and Here's How They Voted

    10/30/2015 3:01:01 PM PDT · by arista · 58 replies
    therightscoop.com ^ | 10/30/15 | The Right Scoop
    The Senate approved the horrible budget deal last night while most of us were asleep at 3am: Ted Cruz last night called this budget deal a corrupt betrayal of the people as he spoke over an hour and a half. The vote was mostly Democrats voting to pass it but a fair number of Republicans voted for it as well. Here's how they voted: YEAs: 64 Alexander (R-TN) Ayotte (R-NH) Baldwin (D-WI) Barrasso (R-WY) Bennet (D-CO) Blumenthal (D-CT) Booker (D-NJ) Boxer (D-CA) Brown (D-OH) Cantwell (D-WA) Capito (R-WV) Cardin (D-MD) Carper (D-DE) Casey (D-PA) Cochran (R-MS) Collins (R-ME) Coons (D-DE)...
  • No School Funding System Adequate to Manage Large Student Declines

    10/29/2015 6:19:23 AM PDT · by MichCapCon · 7 replies
    Michigan Capitol Confidential ^ | 10/26/2015 | Tom Gantert
    The leader of a key Michigan House budget committee said it’s time to take a look at how public schools are funded in Michigan. In a story posted on the MLive news site, Rep. Al Pscholka, R-Stevensville, was apparently pointing to Benton Harbor Area Schools as evidence of shortcomings in the Proposal A school funding system that was approved by Michigan voters in 1994. “Take a look at Proposal A? I think that's a great question, and I think that's something we ought to look at,” said Pscholka, who is chair of the House Appropriations Committee. “ ... I've got...
  • Obama vetoes defense bill because theres not enough spending

    10/23/2015 7:59:53 AM PDT · by SeekAndFind · 9 replies
    Hotair ^ | 10/23/2015 | Taylor Millard
    Congress may be (but it isn’t known when) preparing to override President Barack Obama’s decision to veto a $612B defense bill. Obama’s reasoning for vetoing the bill: it doesn’t have enough money. Number one, it keeps in place the sequester that is inadequate for us to properly fund our military in a stable, sustained way and allows all of our armed forces to plan properly. I have repeatedly called on Congress to eliminate the sequester and make sure that we’re providing certainty to our military so they can do out-year planning, ensure military readiness, ensure our troops are getting...
  • GOP must not allow Obama and big spenders in both parties to blow through spending caps

    10/19/2015 4:21:50 AM PDT · by expat_panama · 15 replies
    Washington Times ^ | Sunday, October 18, 2015 | Stephen Moore
    It hasnt gotten much attention, but two big budget showdowns are looming in Washington in the weeks ahead. The first is what to do about raising the $18 trillion debt ceiling. And the second is whether to retain the spending caps/sequester cuts in the 2016 budget.[snip]President Obama has made his demands clear. He wants to bust the spending caps this year and he wants a debt ceiling extension from Congress with no strings attached.[snip]Some on the left argue that we should not even have a federal debt ceiling that the government should have a rubber stamp to borrow at...
  • Washington D.C. Spends $30K Per Student; Group Says It's Not Enough

    10/15/2015 8:19:03 PM PDT · by MichCapCon · 27 replies
    Michigan Capitol Confidential ^ | 10/15/2015 | Tom Gantert
    Per student spending by public schools in the District of Columbia outstrips that of all 50 states. According to the National Center for Education Statistics, as of 2012, D.C. was annually spending a total of $25,038 per pupil. Nevertheless, in 2013 Colorado-based Augenblick, Palaich and Associates the firm recently chosen to produce an upcoming education funding adequacy study for the State of Michigan released a report claiming that D.C. wasnt spending enough. APAs Washington funding study concluded that to adequately educate students D.C. needs to increase the amount of funding it provides by 22.1 percent. The study concluded:...
  • School District Overspending for Last Nine Years Keeps Getting More Funding Per Pupil

    10/13/2015 8:11:41 AM PDT · by MichCapCon · 7 replies
    Michigan Capitol Confidential ^ | 10/11/2015 | Tom Gantert
    Clintondale Community Schools has been in continuous deficit-spending mode dating back to 2005-06. The Macomb County district was not contrite in explaining nine consecutive years of being unable to balance its budget. On a form required by Michigan Department of Education, the school districts administration defiantly gives this reason for its failure: Inadequate funding and declining enrollment. And in a recent Detroit News story, Ken Austin, the president of the districts teachers union local said, We would likely not be in the current position if it were not for the many huge cuts to school funding that districts have been...
  • Firm Picked to Evaluate State Education Spending Always Wants More State Education Spending

    10/06/2015 11:08:31 AM PDT · by MichCapCon
    Michigan Capitol Confidential ^ | 10/4/2015 | Jack Spencer
    The Snyder administration's preliminary pick for a contractor to do a study on whether Michigan spends an adequate amount on public schools has a long history of coming to the same conclusion on similar questions: Not adequate." The companys 12 most recent state studies have all concluded that spending on public schools should be increased. The record includes a 2013 report which found "inadequate" school spending by the District of Columbia, which year after year spends more per student than all (or nearly all) the 50 states. Gov. Rick Snyder and legislative Republicans committed to buying what is known in...
  • On Taxes, Trump Is No Reagan: What About The Spending Side Of The Budget?

    10/06/2015 7:27:02 AM PDT · by SeekAndFind · 24 replies
    National Review ^ | 10/06/2015 | James Capretta
    President Ronald Reagan is invoked incessantly by conservative commentators and politicians, but never more so than when the subject is taxes. And so it was when Donald Trump released his plan for tax reform. Several conservative commentators have done Trump a favor (and the public a disservice) by vouching for the legitimacy of the plan and saying it is very much in the Reagan tradition. That gives Trump far too much credit. His tax plan bears a superficial resemblance to Reagans agenda, but Reagan would never have proposed something so transparently infeasible. Reagan is invoked too casually on taxes both...
  • Donald Trump's Silent Minority

    10/02/2015 8:19:39 PM PDT · by 2ndDivisionVet · 11 replies
    The Atlantic ^ | October 2, 2015 | David A. Graham
    Hes identified a bloc of culturally conservative voters who are to the left of the Republican Party on economics. But is it enough to win the nomination? A new Pew poll on the Republican race says several useful things about Donald Trump. For example: Hes still solidly ahead of the field in the race for the Republican nomination. The poll has Trump at 25 percent, followed by Ben Carson at 16, Marco Rubio and Carly Fiorina at 8, and Ted Cruz at 6. Jeb Bush, meanwhile, has taken a beatingsliding out of the top five, only a bit ahead of...
  • Candidates Talk Tax Cuts But Go AWOL On Spending Cuts

    10/01/2015 6:40:22 AM PDT · by SeekAndFind · 12 replies
    IBD ^ | 10/01/2015 | Veronique de Rugy
    Cutting taxes is great, but as I said, it must be done alongside genuine spending restraint meaning serious changes to Medicare, Medicaid, Social Security and Affordable Care Act subsidies, which are consuming an ever-growing share of the budget. Doing one without the other would just kick the can farther down the road, an exercise that politicians are very good at. The good news for the candidates is that a plan to cut spending isn't that hard on paper, at least. Cato Institute's Dan Mitchell calculated that we could balance the budget by 2021 by capping spending growth at...
  • Former Teacher Lionized by Left for Resignation Letter Omitted Key Details

    09/29/2015 9:52:59 AM PDT · by MichCapCon · 17 replies
    Michigan Capitol Confidential ^ | 9/26/2015 | Tom Gantert
    n August, Michigan public school teacher Stephanie Keiles became a folk hero when she went public with her story about why she was quitting her job. Keiles had spent nine years as a teacher in Plymouth-Canton Community Schools when she announced in an online essay that she was leaving the profession. The Michigan Education Association promoted her story as did prominent national websites, including The Washington Post and Huffington Post. A Michigan newspaper columnist recited Keiles' claims as if they were the gospel truth as an example of how teachers are not respected. National public schools advocate Diane Ravitch even...
  • Could a Backroom Political Deal Stop Prevailing Wage Repeal?

    09/18/2015 5:14:41 AM PDT · by MichCapCon
    Michigan Capitol Confidential ^ | 9/13/2015 | Jack Spencer
    Unions are trying to cut a deal with business groups to prevent a repeal of the states prevailing wage law, according to a news account out of Lansing. The idea is that business groups would use their influence on Republican lawmakers to halt a repeal measure that is likely to succeed in exchange for the unions dropping a proposed ballot initiative to nearly double the states main business tax. Michigan 50-year-old prevailing wage law prohibits the state, local governments and public schools from awarding construction contracts to the lowest bidder unless the contractor agrees to pay union-scale wages on the...
  • Government Waste in Northern Michigan

    09/11/2015 8:29:21 AM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 9/9/2015 | Anne Schieber
    Emmet County is a vacation and retirement hot spot known for its scenic beauty. If you ask residents what needs fixing, as one recent survey did, they list preserving the areas natural resources, creating a broader job base, and maintaining the roads. But the Emmet County commissioners appear to have other priorities, high among them borrowing and spending at least $15 million to replace a functioning nonprofit ambulance service and building an observatory for stargazing. Leaders of the commissioners own political party are among those expressing concern. They think they dont have to be accountable to the public. They think...
  • UMass-Amherst professor defends her gov't-funded duck genitalia research

    04/05/2013 12:21:26 PM PDT · by matt04 · 32 replies
    he past few days, the Internet has been filled with commentary on whether the National Science Foundation should have paid for my study on duck genitalia, and 88.7 percent of respondents to a Fox news online poll agreed that studying duck genitalia is wasteful government spending. The commentary supporting and decrying the study continues to grow. As the lead investigator in this research, I would like to weigh in on the controversy and offer some insights into the process of research funding by the NSF. My research on bird genitalia was originally funded in 2005, during the Bush administration. Thus...
  • Every Judge Costs Michigan Taxpayers $450K

    09/10/2015 1:26:39 PM PDT · by MichCapCon
    Michigan Capitol Confidential ^ | 9/9/2015 | Jack Spencer
    Every judge costs taxpayers $450,000 annually, says Sen. Rick Jones, R-Grand Ledge, who chairs the Senate Judiciary Committee. He is planning to introduce legislation this fall to save money by reducing the number of judges. That includes everything, Jones says of the $450,000 figure, including the cost of the judges office. Obviously money goes to waste when some courts workloads are too small. Jones' legislation would execute recent recommendations from the State Court Administrative Office to reduce the total number of Michigan judgeships by six. This is on top of the 45 judgeships the administrative office recommended cutting in 2011...
  • Raise Taxes? State Budget Already Projected to Get $2.7 Billion Extra in Taxes Over Next Three Years

    09/10/2015 10:01:24 AM PDT · by MichCapCon
    Michigan Capitol Confidential ^ | 9/9/2015 | Tom Gantert
    Michigan Democrats and a new ballot initiative campaign are promoting tax hikes to pay for road repairs. The union-funded Citizens for Fair Taxes is collecting signatures to place on the ballot an increase in the states corporate income tax from 6 percent to 11 percent. That would reportedly generate an extra $900 million a year, which the measure earmarks to roads. If the campaign gets the required number signatures, the measure would be placed before state legislators, and if they did not pass it (a virtual certainty) it would then go on the 2016 statewide ballot. Democrats are also pitching...
  • Mitch McConnell Gives Fiscal Conservatives The BIG MIDDLE FINGER [will] Work With Obama

    09/02/2015 6:59:40 AM PDT · by Zakeet · 30 replies
    Brietbart ^ | September 2, 2015
    Complete Headline: Mitch McConnell Gives Fiscal Conservatives The BIG MIDDLE FINGER Announces Plans To Work With Obama On Budget. In the unlikely event you cant hear the sound of the Rhinoceros marching on bubble wrap directly behind you, it might be worth while getting a firmer grip on both your ankles [Snip] [] The Kentucky Republican said he would work with the White House to come up with budget levels to keep the government open past Sept. 30, conceding that President Barack Obama wont sign a measure with a rider defunding Planned Parenthood.
  • ObamaCare's True Cost: A New York Doctor Reveals What The Media Won't

    08/27/2015 6:56:30 AM PDT · by SeekAndFind · 8 replies
    American Thinker ^ | 08/27/2015 | By Marion DS Dreyfus
    We recently spoke with Dr. Claudette Lajam, NYU Hospitals for Joint Diseases, Department of Orthopaedic Surgery, as well as Adult Reconstruction and Joint Replacement Assistant Professor of Orthopaedic Surgery, NYU Langone Medical Center. She does pediatric, assisted in the lauded robot knee-replacement procedure, affiliates with Cornell Medical and the Alpha Award Club, and hosts Sirius Radio, Monday evenings. These will do for a start. Lajam was speaking on The Myth of Choice to the NY County Republican Womens Club. We stayed afterwards to schmooze and exchange views on reproductive topics and related hot-button topics. Choice means more than pregnancy termination....
  • Pension Costs Eating Up Extra School Money

    08/24/2015 5:12:53 AM PDT · by MichCapCon · 7 replies
    Michigan Capitol Confidential ^ | 8/22/2015 | Tom Gantert
    In the four Michigan budgets approved by a Republican-controlled Legislature under Republican Gov. Rick Snyder, revenues at the Dexter Community Schools have moved in line with many public school districts throughout the state: The Washtenaw County district gets more state dollars now than it did under Gov. Jennifer Granholms last budget in 2010-11, even though it now serves fewer students than four years ago. However, Dexter Community Schools Superintendent Chris Timmis says his district isnt experiencing any real spending increase. Timmis calls the total of $1.8 million extra the district has collected from the state in those four years a...
  • Digging into Northeast neglect

    08/22/2015 8:05:46 PM PDT · by Tolerance Sucks Rocks · 26 replies
    The Baltimore Sun ^ | August 21, 2015 | The Baltimore Sun
    It may have escaped the attention of Baltimoreans but things have gotten a little testy in the New York-New Jersey area in recent weeks over the state of century-old rail tunnels running under the Hudson River. The deteriorating condition of the tunnels is threatening Amtrak and other rail service, but how to pay for a $14 billion-plus replacement has proven a challenge. Unfortunately, that's not just a problem for New York City but for Baltimore and other stops along Amtrak's Northeast Corridor, the nation's most heavily traveled railway handling more than 750,000 passengers a day. The stations in Baltimore and...
  • Michigan Schools Receive Over $12,500 Per Student

    08/17/2015 11:07:43 AM PDT · by MichCapCon · 16 replies
    Michigan Capitol Confidential ^ | 8/14/2015 | Jack Spencer
    Though "schools are underfunded" is a popular belief, per-pupil funding in Michigan has increased substantially over the past 20 years. Even so, the current state budget includes a $500,000 line item for an adequacy study" that could lead to even more school spending. The declared purpose of the study is to determine how much taxpayers must spend for public schools to educate students sufficiently well to meet state graduation requirements, presumably with no substantive changes to the status quo system. The study expenditure was authorized as part of a legislative deal last December to get Democratic legislators to support the...
  • 12 Signs That An Imminent Global Financial Crash Has Become Even More Likely

    08/16/2015 4:24:40 AM PDT · by SkyPilot · 49 replies
    Economic Collapse ^ | 11 Aug 15 | Michael Snyder
    Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were rattled. The Dow fell 212 points on Tuesday, and Apple stock plummeted another 5 percent. As we hurtle toward the absolutely critical months of September and October, the unraveling of the global financial system is beginning to accelerate. At this point, it is not...
  • Hillary Clinton to unveil $350B college affordability plan

    08/09/2015 11:19:04 PM PDT · by Zakeet · 38 replies
    Fox News ^ | August 10, 2015
    Democratic presidential front-runner Hillary Clinton will unveil a $350 billion plan aimed at making higher education more affordable at an appearance in New Hampshire Monday. The proposal centers on a $200 billion federal incentive system aimed at encouraging states to expand their investments in higher education and cut student costs. States that guarantee so-called "no-loan" tuition at four-year public schools and free tuition at community colleges will be eligible to receive federal funds.
  • [Church of Scientology Press Release] Medicare at 50 - Still Flawed, After All These Years

    Medicare at 50--Still Flawed, After All These Years ST. PAUL, Minn.This Thursday, Medicare will mark a milestone50 years since it was signed into law by President Lyndon B. Johnson on July 30, 1965. Designed as part of LBJs Great Society initiative, Medicare was intended to provide low-cost hospitalization and medical insurance for the nations elderly. But the program has been in crisis for years and needs an escape plan, not a rescue plan, says Twila Brase, president and co-founder of Citizens Council for Health Freedom (CCHF, www.cchfreedom.org), a national organization dedicated to preserving patient-centered health care and protecting patient and...
  • U.S. Bank Stadium could be coming in over budget, Duane Benson discusses future

    07/25/2015 1:31:29 PM PDT · by TurboZamboni · 20 replies
    kttc ^ | 7-23-15 | Ali Killam
    Some controversy is swirling around the new Vikings Stadium, as some are saying the project could be millions of dollars over budget. One member of the Minnesota Sports Facilities Authority is speaking out on the issue and facing opposition from other members. Duane Benson has served as the MSFA treasurer since the group's inception back in 2012, however, he is preparing to leave the group in light of recent turmoil and says the $1.1 billion project's finances are anything but in order at the moment. As the groundbreaking project continues to break the bank, Benson says there is a problem--perhaps...
  • Social Security Disability checks face 19 percent cut in 2016 unless solution found

    07/23/2015 2:55:14 AM PDT · by 2ndDivisionVet · 102 replies
    The Charleston Post and Courier / The Associated Press ^ | July 22, 2015 | David Slade 
    Goose Creek resident Kelly Schuler said he was earning a six-figure income in corporate sales when he was diagnosed with Parkinsons disease, and after his symptoms became apparent and he lost his job, Social Security Disability Insurance payments became his financial lifeline. Now he finds himself among the 11 million Americans who could see their monthly checks slashed by 19 percent next year, unless federal lawmakers address a looming shortfall in the Social Security fund that pays disability benefits. The main Social Security fund that pays retiree and survivor benefits is not expected to run short for another two decades,...
  • That's One Mighty Big Bucket of $$$

    07/13/2015 11:27:21 AM PDT · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 7/11/2015 | Tom Gantert
    Gilda Jacobs, president and CEO of Michigan League for Public Policy, is against eliminating the states Earned Income Tax Credit so that money can be used to fix the roads. The Detroit Free Press reported that Jacobs said using the EITC to free up money for roads is like "trying to fill the Grand Canyon with a bucket of sand." ForTheRecord says: The states version of the Earned Income Tax Credit will cost the state budget $118 million in the upcoming fiscal year. Thats 10 percent of the road funding target. A bucket of sand that is roughly 10 percent...
  • Michigan House Wise to Shift Corporate Welfare Spending to Roads

    07/09/2015 5:05:15 AM PDT · by MichCapCon · 4 replies
    Michigan Capitol Confidential ^ | 7/8/2015 | Michael LaFaive
    The state House of Representatives recently cut funding for the Michigan Economic Development Corporation with the goal of freeing up money for roads. This reprioritization of spending is prudent, but it faces opposition in the state Senate. A good deal of empirical evidence supports the case that government economic development policies otherwise known as corporate welfare are ineffective at achieving their goals of faster economic growth, increased employment and greater diversification. For example, a 2004 study titled, The Failure of Economic Development Incentives was a review and analysis of the academic literature on the subject of MEDC-type programs....
  • Study: They Spend Millions, but Minimal Transparency Required for Government Union Finances

    07/08/2015 10:48:29 AM PDT · by MichCapCon · 1 replies
    Capitol Confidential ^ | 7/7/2015 | Anne Schieber
    Michigans public sector unions collect tens of millions of dollars from government and school employees, but if members want to learn how their dues money is being spent, all they'll find is a one-page report disclosing just three aggregated spending figures. Unlike private sector unions, which are subject to federal labor law and financial disclosure requirements, state and local unions are subject to oversight by individual states. (This is related to the fact that states can also choose not to recognize or bargain with public sector unions.) Michigan's financial reporting requirements for public sector unions are "ineffective in providing important...
  • Southwest light-rail e-mails show messaging behind cost announcement

    07/08/2015 5:34:46 AM PDT · by TurboZamboni · 5 replies
    MPLS Star Tribune ^ | 7-8-15 | Janet Moore
    At 8:10 a.m. on Monday, April 27, the Metropolitan Council released the startling news that the price tag of the proposed Southwest light-rail line had increased by $341 million to $2 billion. Met Council Chair Adam Duininck said in a news release at the time that all options are on the table, including not building the line at all. E-mails among Duininck, Metro Transit officials and other political players including Gov. Mark Dayton obtained through a Minnesota Data Practices Act request reflect the behind-the-scenes positioning in the days leading to the announcement. The 231 pages of e-mails dont...
  • Progressive Paradise Lost

    07/04/2015 10:07:58 AM PDT · by Tolerance Sucks Rocks · 20 replies
    The Daily Signal ^ | July 1, 2015 | Salim Furth
    It’s a progressive paradise.Public employees get 30 vacation days a year. Anyone who works over eight hours in a day gets paid time-and-a-half. Employees have strong rights.The minimum wage is high: 77 percent of the median wage.Environmental regulations are settled beyond the pressure of local economic interests. The forests and mountains are pristine destinations for ecotourism.Energy costs are kept high, pushing consumption down to a level deemed “socially beneficial”. Utilities have strong public backing and provide jobs to thousands.Union jobs in shipping are protected from outsourcing to cut-rate foreign competitors.The social safety net is buoyant and provides a solid working-class standard...
  • A New Ruinous Era Of Tax-And-Spend In California Is Upon Us

    06/24/2015 6:50:35 AM PDT · by SeekAndFind · 15 replies
    IBD ^ | 06/24/2015
    "When I ran the second time, I didn't say that and you didn't ask me. So we'll have to leave that as an open question." When taxes are "an open question," we think we know the answer. So the state with the highest income and sales taxes in the nation is now looking at new tax revenues to pay for roads. That probably means a gas tax hike, in a state that already pays America's highest prices at the pump and ranks as a "tax hell" in most ratings by business and taxpayer groups. But hey, things can always...
  • Living in Detroit Surprisingly expensive

    06/19/2015 2:15:44 AM PDT · by Cronos · 23 replies
    The Economist ^ | 4 Feb 2015 | DK
    DETROIT may be one of the only cities in the rich world where it is possible for someone on a fairly modest income to buy a street. At the edges of Boston-Edison, a historic district of gorgeous old houses built as one of the citys first wealthy suburbs, so low has the cost of housing fallen that fairly grand houses can be acquired simply for the cost of back property taxes. ..Chief among the costs that are higher in Detroit is transport. One of the reasons people who live in Manhattan dont mind paying so much for housing is that...
  • The Hillary economic plan: Revenue enhancements and massive ObamaCare spending increases

    06/18/2015 3:13:08 PM PDT · by SeekAndFind · 9 replies
    Hotair ^ | 06/18/2015 | Ed Morrissey
    While the media has rushed to pick apart policy proposals from Republican presidential candidates, not much attention has focused on Hillary Clinton’s positions — because she hasn’t staked out any. Even though she has campaigned for months, Hillary has avoided taking any positions at all until Saturday’s relaunch in Roosevelt Park. Even that speech was a laundry list of slogans rather than any serious commitments or policy proposals, more like a State of the Union speech and delivered with less aplomb and personality.After some media criticism about the lack of substance, Team Hillary let the media know that her...
  • How They Sold $17-Plus Million Spending Hike as $10 Million Cut

    06/05/2015 12:43:17 PM PDT · by MichCapCon · 4 replies
    Capitol Confidential ^ | 6/3/2015 | Tom Gantert
    A pitch mailed by the Kalamazoo Public Schools to a local nonprofit asking for help passing a millage hike on May 5 included the following: For many years, the state has underfunded public education, and local school districts have needed to make significant budget cuts as a result. The letter also stated that Kalamazoo Public Schools had cut spending by about $10 million in the last five years. The special education tax hike squeaked through with just 51 percent of the votes. According to the Kalamazoo Public Schools audited financial reports, its costs for all governmental activities (the overall...
  • In their universe, a costly train is success

    06/03/2015 6:39:35 AM PDT · by TurboZamboni · 14 replies
    Pioneer Press ^ | 6-3-15 | Joe Soucheray
    The political class -- they build themselves new office buildings and such -- live in a different universe from the rest of us, and the rest of us are getting routinely pickpocketed. No greater proof of this truth exists than the remarks of St. Paul's own City Council Member Dave Thune last week after Metro Transit released the financial figures for the first six months of the Green Line. Passengers boarding the Green Line from its debut in June, 2014 through the end of the year paid $6.21 million into the farebox, or about 35.8 percent of what it costs...
  • May Consumer Spending Has Biggest Annual Drop Since Great Financial Crisis, Gallup Survey Finds

    06/01/2015 9:52:09 PM PDT · by Nachum · 18 replies
    zero hedge ^ | 6/1/15 | tyler durden
    It may not have the clout of the official monthly Dept of Commerce Retail Sales report not due out for two more weeks, but in retrospect considering how many credibility issues with seasonal adjustments government data has had in recent months, the Gallup Consumer Spending report may have become far more realistic than official government data.In which case all hope of a Q2 GDP rebound abandon, ye who read this: after a strong April, in which the average consumer reported a daily spend of $91, $3 higher than a year prior, and the highest spending month since before the greatfinancial...
  • Green Line's $6.21M in 2014 fares pay 35.8 percent of expenses

    05/29/2015 6:16:02 AM PDT · by TurboZamboni · 17 replies
    Pioneer Press ^ | 5-28-15 | Fredrick Melo
    While Metro Transit's Green Line isn't exactly paying for itself through passenger fares, it's doing a better job than most other Minnesota public transit options. Passengers boarding the state's second light-rail line from its debut in June through the end of 2014 paid $6.21 million into the fare box, or about 35.8 percent of what it costs to operate the 11-mile route. "I think 35 percent is a really good percentage," said St. Paul City Council member Dave Thune. "I love it. I think it has been a success. The kind of traffic it's seeing, going from one end of...
  • Pure Michigan Scare Tactics

    05/29/2015 5:56:49 AM PDT · by MichCapCon · 5 replies
    Michigan Capitol Confidential ^ | 5/26/2015 | Jarrett Skorup
    The House Republicans recently released a proposal that would dedicate an extra $1 billion annually to roads by 2019. A chunk of the extra money comes from redirecting money from the Michigan Economic Development Corporation to the states transportation infrastructure. The MEDC is the states corporate welfare arm, which hands out select subsidies to corporations and oversees the film incentive program and the Pure Michigan advertising campaign. Specifically, the House GOP plan would redirect $185 million of spending on economic development programs to road construction and maintenance. The MEDC does not want its funding cut and responded with what is...
  • Washington is ready to spend

    05/26/2015 6:09:31 AM PDT · by C19fan · 9 replies
    The Hill ^ | May 26, 2015 | Rebecca Shabad
    Washington wants to spend more. Just four years ago, the nation's rapidly expanding debt was seen as Washington's number one crisis. When House Republicans took the majority in 2011, they made it their overarching mission to rein in spending. Together with the White House, they agreed to limit spending for the next decade by the use of budget caps. Now those spending ceilings are unpopular with members of both parties.
  • Jeb Bush: Lets face it, Republicans spent too much when my brother was president

    05/21/2015 1:05:37 PM PDT · by SeekAndFind · 30 replies
    Hotair ^ | 05/21/2015 | AllahPundit
    Back when he first announced, I figured upwards of 65 percent of the Jeb Bush presidential campaign would consist of him cautiously criticizing the obvious weak points of Bush 43 policy, one of which assuredly is spending. If you’re linked by blood to a president who left office under dismal circumstances, job one is explaining how you’ll be different. Then Megyn Kelly asked him about Iraq, Dubya’s biggest liability, and we watched Jeb spend a full week grasping for ways not to squarely disagree with his brother.Which is to say, this shouldn’t be newsworthy but I guess now it is....
  • Mark Dayton keeping veto promise on education bill

    05/21/2015 5:59:20 AM PDT · by TurboZamboni · 9 replies
    Pioneer Press ^ | 5-21-15 | Christopher Megan
    Hours after a chaotic end to the 2015 legislative session, Gov. Mark Dayton said he wants to summon lawmakers back to the Capitol to fix an "insufficient" education funding bill. Dayton renewed his promise Tuesday to veto the $17 billion spending bill that had yet to cross his desk, noting it left out his top priority of universal preschool. That means lawmakers, who came within $25 million of a deal that didn't materialize before the end of the legislative session Monday, will have to come back to St. Paul in the coming weeks for a special session held somewhere other...
  • Let Our Cities Move (by Bill DeBlasio and Mick Cornett)

    05/13/2015 10:46:59 AM PDT · by Tolerance Sucks Rocks · 16 replies
    The New York Times ^ | May 13, 2015 | Bill DeBlasio and Mick Cornett
    EVERY day, millions of Americans rely on a remarkable network of roads, bridges, subways, trains and buses to connect us to work, school and opportunity. But our transportation system, once the envy of the world, is in jeopardy. In New York City, subways and buses are overcrowded and often unreliable, and roadways and bridges are in dire need of repair and rehabilitation. From the next phase of the Second Avenue subway to plans to connect the Metro-North Railroad to Pennsylvania Station, to the proposed new subway line under Utica Avenue in Brooklyn, there isnt a short- or long-term expansion project...
  • Chris Christie Spent $82,000 of State Money on Snacks at NFL Games

    05/11/2015 11:29:05 AM PDT · by Zakeet · 54 replies
    NY Magazine ^ | May 11, 2015 | Jessica Roy
    According to New Jersey Watchdog, Christie reportedly spent over $82,000 of taxpayer money on concessions at MetLife Stadium. Christie paid for food and drinks at MetLife with a debit card 58 times over the 2010 and 2011 NFL seasons, accruing a bill of $82,594. That means he spent an average of nearly $1,500 on food and drinks every time he attended a football game.
  • I have a better idea than light rail - oil pipelines

    05/11/2015 6:50:35 AM PDT · by TurboZamboni · 5 replies
    Pioneer Press ^ | 5-9-15 | Joe Soucheray
    The Metropolitan Council continues to struggle with a marketing problem that just won't go away. The projected cost of extending light rail from Minneapolis to Eden Prairie has ballooned to $2 billion, which would make it the largest public infrastructure project in state history. That certainly would be a lot of bridges repaired and lanes of freeway added. Mark Fuhrmann, the project director for Metro Transit, said the other day that delaying the project could jeopardize federal funding. In other words, if we don't act now, we could lose the government's contribution needed to build the line. The government's share?...