petrd1

March 5, 2013 5:00 pm March 3, 2013 10:52 am
shortformblog:

pol102:

“America’s fiscal union: The red and the black” | The Economist
The sequester is here! And this map is probably a good indication of what it means for you. The “redder” your state, the most likely you’ll be negatively affected by the sequester. Why? Because “redder” states get more money from the federal government than they send back in taxes.
I currently live in Mississippi. We’re going to be hit especially hard. Because, as this map shows, Mississippi runs a 254% deficit (as of 2009) in federal transfers. The state gets an estimated $2.47 for every federal dollar sent. 
Basically, think of the “redder” states as on a form of federal-to-state welfare. And since the cuts are going to all kinds of programs and services, they’ll likely hit those state hard. That means states like Mississippi will have two options: 1) Kick in more state revenue to make up for cut programs. 2) Lose the benefits of those programs. Since the many of the “redder” states are poorer than the “bluer” states (e.g. the median household income in Mississippi is $36,656 compared to $69,272 in Maryland), option #2 would simply mean falling further behind in terms of poverty, education, and health. But option #1 means collecting more taxes to make up the differences. And since states collect taxes less efficiently than the federal government, often through less progressive taxes, and will have to negotiate prices for goods and services from a weaker position, the pocketbook impact of taxes would be high. 
So let’s get our sequester on! Let’s find out just how little federal government voters really want. 

Feels like everyone’s heads have been spinning, to the point of fatigue, on the matter of the budget sequestration that went into effect with President Obama’s signature Friday night. It’s a nice change of pace, instead of arguing political benefits and machinations, to start getting some practical information about what sequestration will mean for the states.

shortformblog:

pol102:

“America’s fiscal union: The red and the black” | The Economist

The sequester is here! And this map is probably a good indication of what it means for you. The “redder” your state, the most likely you’ll be negatively affected by the sequester. Why? Because “redder” states get more money from the federal government than they send back in taxes.

I currently live in Mississippi. We’re going to be hit especially hard. Because, as this map shows, Mississippi runs a 254% deficit (as of 2009) in federal transfers. The state gets an estimated $2.47 for every federal dollar sent. 

Basically, think of the “redder” states as on a form of federal-to-state welfare. And since the cuts are going to all kinds of programs and services, they’ll likely hit those state hard. That means states like Mississippi will have two options: 1) Kick in more state revenue to make up for cut programs. 2) Lose the benefits of those programs. Since the many of the “redder” states are poorer than the “bluer” states (e.g. the median household income in Mississippi is $36,656 compared to $69,272 in Maryland), option #2 would simply mean falling further behind in terms of poverty, education, and health. But option #1 means collecting more taxes to make up the differences. And since states collect taxes less efficiently than the federal government, often through less progressive taxes, and will have to negotiate prices for goods and services from a weaker position, the pocketbook impact of taxes would be high. 

So let’s get our sequester on! Let’s find out just how little federal government voters really want. 

Feels like everyone’s heads have been spinning, to the point of fatigue, on the matter of the budget sequestration that went into effect with President Obama’s signature Friday night. It’s a nice change of pace, instead of arguing political benefits and machinations, to start getting some practical information about what sequestration will mean for the states.

February 23, 2013 12:50 am
Robert Reich: Why Customers are Disappearing, Why Higher Unemployment Is the Likely Result, and Why Many in Washington Don't Have Half...

robertreich:

Can we just put aside ideology for one minute and agree that businesses hire more workers if they have more customers, and fire workers if they have fewer customers?

There are two big categories of customer: One is comprised of individual consumers. The other is government.

We tend to think…

January 14, 2013 5:00 pm December 24, 2012 10:54 am October 27, 2012 6:00 pm September 20, 2012 1:50 pm

In 89 segments between September 10 and 16, Fox News reported on the Chicago Teachers Union’s strike without disclosing its financial ties to the educational technology company administering the standardized tests with which the union takes issue.  
Fox News parent company News Corp. acquired a 90-percent stake in Wireless Generation in 2010. Last May, the company agreed to provide Early Mathematics Assessment Services and Early Literacy Assessment Services to Chicago Public Schools. These contracts total $4.7 million. A central reason the Chicago Teachers Union decided to strike is their objection to the school district’s call for heavily weighing such standardized testing to ultimately determine teacher pay and layoffs.

In 89 segments between September 10 and 16, Fox News reported on the Chicago Teachers Union’s strike without disclosing its financial ties to the educational technology company administering the standardized tests with which the union takes issue.  

Fox News parent company News Corp. acquired a 90-percent stake in Wireless Generation in 2010. Last May, the company agreed to provide Early Mathematics Assessment Services and Early Literacy Assessment Services to Chicago Public Schools. These contracts total $4.7 million. A central reason the Chicago Teachers Union decided to strike is their objection to the school district’s call for heavily weighing such standardized testing to ultimately determine teacher pay and layoffs.

September 10, 2012 9:39 am
reallyfoxnews:

hungrypresidents:

Let them eat cake

The single greatest and most explanatory screen cap in all of life.

reallyfoxnews:

hungrypresidents:

Let them eat cake

The single greatest and most explanatory screen cap in all of life.

August 28, 2012 12:56 pm August 15, 2012 1:28 am
Conjuring unlimited resources in a limited area. 

Conjuring unlimited resources in a limited area.