Taxes & Economy
Stimulus Follies
OpenMarket.org has a good post on the failure of “stimulus” packages (i.e. government spending) to improve the overall economy.
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County Commissioner: “Listen to the Commonwealth Foundation”
“The governor and legislators should seriously consider the reports from the Commonwealth Foundation which provided information on how Harrisburg could address the state’s financial situation” That quote comes from Fayette…
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What happened to the Great Depression II?
Carpe Diem points out that holiday retail sales were up over the weekend from last year. Yet the CNN Money article with the same chart contains more of…
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Pennsylvania Pension Now Faces Billions in Losses
The Wall Street Journal has an article on Pennsylvania’s state employee’s pension fund, and its market losses. Noting that “Pennsylvania invested more in hedge funds than any other state…
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Spreading wealth to Hollywood
Cross Posted at Capitol Domes Giving handouts to Hollywood has become an en vogue method for state governments to stimulate economic growth. According to the Heartland…
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Renewing the Call for Pension Refom
Deb Erdley has a story in the Pittsburgh Tribune-Review on pension funds for public school employees and state workers, in light of a PSBA plan for reform, recent losses…
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PA Congressional Delegation Ratings on Worker Freedom
The Alliance for Worker Freedom has their new scorecard on the 2nd session of the 110th Congress. Key votes include a number of expansion of Davis-Bacon prevailing wage laws…
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The Corporate Welfare Mentality
Team 4 Pittsburgh has a well-done, but disturbing, story and video on why government bureaucrats hand out “economic development” grants to companies. Usually, government officials claim that taxpayer “investments”…
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Bailouts cost more than WWII, 10 times cost of New Deal
A friend passed along this blog post looking at the cost of recent bailouts compared to the inflation-adjusted cost of other major government expenditures: If we add in…
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