Archive for 29 Oct 2012

…this one goes after Obama and the auto bailout.

Might have jumped the gun a little, but still, a lot ofpeople that aren’t paying attention to this issue will buy into it.

…on America’s governors for 2012.

CATO Fiscal Policy Report Card on America’s Governors: 2012

The recovery from the recent recession has been very sluggish, and the nation’s governors have struggled with the resulting budget deficits, unemployment, and other economic problems in their states. Many reform-minded governors elected in 2010 have championed tax reforms and spending restraint to get their states back on track. Other governors have expanded government with old-fashioned tax-and-spend policies.

That is the backdrop to the Cato Institute’s 11th biennial fiscal report card on the governors, which examines state budget actions since 2010. It uses statistical data to grade the governors on their taxing and spending records—governors who have cut taxes and spending the most receive the highest grades, while those who have increased taxes and spending the most receive the lowest grades.

Fiscal Policy Report Card on America’s Governors: 2012
The recovery from the recent recession has been very sluggish, and the nation’s governors have struggled with the resulting budget deficits, unemployment, and other economic problems in their states. Many reform-minded governors elected in 2010 have championed tax reforms and spending restraint to get their states back on track. Other governors have expanded government with old-fashioned tax-and-spend policies.

That is the backdrop to the Cato Institute’s 11th biennial fiscal report card on the governors, which examines state budget actions since 2010. It uses statistical data to grade the governors on their taxing and spending records—governors who have cut taxes and spending the most receive the highest grades, while those who have increased taxes and spending the most receive the lowest grades.

Read the free PDF.

…still guarded through hurricane Sandy.
Members of the 3rd Infantry Regiment, the Old Guard, maintain their vigilance through all weather, even hurricanes.
Pride swells for such devotion.
Hooah!

Tomb of the Unknown Soldier Remains Guarded Through Hurricane Sandy
Katie Pavlich

The Tomb of the Unknown Soldier in Arlington Cemetery will remain guarded through Hurricane Sandy. Photos of a soldier diligently performing his duties were posted on the 3d U.S. Infantry Regiment (The Old Guard) Facebook page.

(Spc. Brett Hyde, Tomb Sentinel, 3d U.S. Infantry Regiment (The Old Guard), maintains his vigil during Hurricane Sandy while guarding the Tomb of the Unknown Soldier at Arlington National Cemetery, Va., Oct., 29, 2012. In 1948 the Old Guard assumed the post following the unit’s reactivation in the nation’s capital. (U.S. Army Photo by Sgt. Jose A. Torres Jr.))

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Image of Sandy bearing down on East Coast.

Image of Sandy bearing down on East Coast.

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…an a little more advanced look at economics, but it’s a good read.

This is a little more advanced than econ 101, so I gave it a higher number.

This article discusses the rationality of planned economic order (socialism) vs the market process (free-market) and their means of using resources efficiently.

Interesting read.

Economics and the Calculation Problem
By Alex Salter

Can a rationally planned economic order outperform the market process as a means of using resources efficiently?  This is the central question behind one of the most important debates in the history of economic thought. Its answer has profound implications for the material well-being of societies.

By the early 1900s economists were in broad agreement on the free-exchange system’s effectiveness in bringing about an efficient use of resources. Despite this, the system did not want for enemies. Marx and his disciples disparagingly called it “the capitalist mode of production,” though the word “capitalist” actually derived from free-market critics of mercantilism. Dissidents accused the system of leading to socially detrimental outcomes in the form of market power wielded by large businesses and recurring cycles of boom and bust. Critics maintained that these shortcomings were the inevitable result of an “anarchic” system of production. However, if the means of production were brought under rational control, these deficiencies could be avoided. Combined with expert management, state socialism—the system characterized in theory by collective ownership of the means of production—would result in increased material abundance and a more socially just distribution of wealth.

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…here’s today’s reading list.

 

…he will raise taxes.

You’ve been warned by the SCOAMF himself.

And if you believe that it’s only for the wealthy, I’ve got a bridge in San Fransisco for sale, inquire within.

Obama: Second term would be ‘mandate’ for cuts, tax increases
By David Hill

President Obama said in an interview aired Monday that his first priority if re-elected would be to push for passage of a debt-reduction plan to cut spending and raise taxes on the nation’s highest earners.

Appearing in a taped interview on MSNBC’s “Morning Joe,” Mr. Obama predicted that Congress can approve a plan to reduce the country’s debt and deficit as soon as during a lame-duck session later this year, or in the early months of next year.

“If we won, then I believe that’s a mandate for doing it in a balanced way,” he said in the interview, which was taped Saturday at a campaign stop in Nashua, N.H. “We can do some more cuts, we could look at how we deal with the health care costs in particular under Medicaid and Medicare in a serious way, but we are also going to need some revenue.”

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