The combined budget shortfall of all 50 states is somewhere around $125 billion. There is little or no appetite for raising taxes. States are forced by their constitutions to balance their budgets. There is little chance the federal aid that allowed states to...
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Monthly Archives: January 2011
While everyone is focused on the out of control spending in Washington, few have mentioned the Federal Governments other problem - sharply declining revenues. The Congressional Budget Office last Thursday released its latest projection of the 2011 deficit – an astonishing $1.5 trillion. The...
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The New York Times this morning has a story how partisanship is going to derail corporate tax reform. This story has probably been written every time corporate tax reform has been brought to the table. I hope I’m wrong but I give...
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This is the latest “scandal” uncovered by Open Secrets. Our elected officials bought gas from BP and Citgo stations. Really, really? Many if not all of these stations are independently owned. Did the folks at Open Secrets really think our elected officials...
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One of the key demands Republicans have made in the Health Care Reform Debate is the ability to sell health insurance across state lines. Currently, to sell health insurance in a state, a company must be licensed by the state and comply with...
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An ex-spy who was involved in Iran-Contra and the wars instigated by the US Government in South America in the 1970′s has decided it is his personal job to determine what our Afghanistan policy should be. Mr. Clarridge is quoted in a...
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It looks like President Obama and Republicans are starting to agree on an overhaul of the US Corporate Tax system. In case you missed the discussion so far, I’ll try and recap it for you. Think tanks that trend toward the conservative side,...
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While Americans have been focused on how much money we owe the Chinese Government, the Chinese have been building another advantage over the US that may be much more serious in the long run. The Chinese have been consolidating supplies of natural resources...
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