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Available Back Issues:
- Aug 09 (38) - How your government's
economic policies have worked against you. What a fake nineteenth
century nun can teach us about the tea party protests.
- Jun 09 (37) - Statistics of
optimism, the real cost of your government. Judith Reilly on
renewable tax credits. Review of Akerlof and Shiller on behavioral
economics.
- Apr 09 (36) - Cap and trade, the
truth behind the card check controversy, review of Governor's tax
policy workgroup final report.
- Feb 09 (35) - The many varieties of
market failures, and what classic economics has to say about them,
review of Nixonland by Rick Perlstein.
- Dec 08 (34) - Can "Housing First"
end homelessness? The perils of TIF. Review of You Can't Be
President by John MacArthur.
- Oct 08 (33) - Wage stagnation,
financial innovation and deregulation: creating the financial
crisis, the political rhetoric of the Medicaid waiver.
- Jul 08 (32) - Where has the money
gone? Could suburban sprawl be part of our fiscal problem? Review
of Bad Money by Kevin Phillips, news trivia or trivial
news.
- Apr 08 (31) - Understanding
homelessness in RI, by Eric Hirsch, market segmentation and the
housing market, the economics of irrationality.
- Feb 08 (30) - IRS migration data,
and what it says about RI, a close look at "entitlements", historic
credit taxonomy, an investment banking sub-primer.
- Dec 07 (29) - A look at the state's
underinsured, economic geography with IRS data.
- Oct 07 (28) - Choosing the most
expensive ways to fight crime, bait and switch tax cuts, review
of Against Prediction, about the perils of using statistics
to fight crime.
- Aug 07 (27) - Sub-prime mortgages
fall heaviest on some neighborhoods, biotech patents in decline, no photo
IDs for voting, review of Al Gore's Against Reason
- Jun 07 (26) - Education
funding, budget secrecy, book review of Boomsday and the Social
Security Trustees' Report
- May 07 (25) - Municipal finance: could citizen
mobility cause high property taxes?
What some Depression-era economists had to say on investment, and why
it's relevant today, again.
- Mar 07 (24) - The state budget
disaster and how we got here. Structural deficit, health care,
borrowing, unfunded liabilities, the works.
- Jan 07 (23) - The impact of real
estate speculation on housing prices, reshaping the electoral college.
Book review of Blocking the Courthouse Door on tort "reform."
- Dec 06 (22) - State deficit: What's
so responsible about this? DOT bonding madness, Quonset, again,
Massachusetts budget comparison.
- Oct 06 (21) - Book review: Out of
Iraq by Geo. McGovern and William Polk, New rules about supervisors
undercut unions, New Hampshire comparisons, and November referenda guide.
- Aug 06 (20) - Measuring teacher
quality, anti-planning referenda and the conspiracy to promote them,
affordable housing in the suburbs, union elections v. card checks.
- Jun 06 (19) - Education report, Do
tax cut really shrink government?, Casinos and constitutions, State historic tax
credit: who uses it.
- May 06 (18) - Distribution
analysis of property taxes by town, critique of RIEDC statistics,
how to reform health care, and how not to.
- Mar 06 (17) - Critique of commonly
used statistics: RI/MA rich people disparity, median income, etc.
Our economic dependence on high health care spending. Review of
Crashing the Gate
- Feb 06 (16) - Unnecessary
accounting changes mean disaster ahead for state and towns, reforming
property tax assessment, random state budget notes.
- Jan 06 (15) - Educational equity,
estimating the amount of real estate speculation in Rhode Island,
interview with Thom Deller, Providence's chief planner.
- Nov 05 (14) - The distribution of
affordable houses and people who need them, a look at RI's affordable
housing laws.
- Sep 05 (13) - A solution to pension
strife, review of J.K. Galbraith biography and why we should care.
- Jul 05 (12) - Kelo v. New London:
Eminent Domain, and what's between the lines in New London.
- Jun 05 (11) - Teacher salaries,
Veterinarian salaries and the
minimum wage. Book review: Confessions of an Economic Hit Man
- Apr 05 (10) - Choosing a crisis: Tax fairness and school
funding, suggestions for reform. Book review: business location and
tax incentives.
- Feb 05 (9) - State and teacher
pension costs kept artificially high. Miscellaneous tax suggestions for balancing the state budget.
- Dec 04 (8) - Welfare applications and the iconography of welfare
department logos. The reality of the Social Security trust fund.
- Oct 04 (7) - RIPTA and DOT, who's really in crisis?
- Aug 04 (6) - MTBE and well pollution, Mathematical problems with property taxes
- May 04 (5) - A look at food-safety issues: mad cows, genetic engineering, disappearing farmland.
- Mar 04 (4) - FY05 RI State Budget Critique.
- Feb 04 (3) - A close look at the Blue Cross of RI annual statement.
- Oct 03 (2) - Taxing matters, a historical overview of tax burdens in Rhode Island
- Oct 03 Appendix - Methodology notes and sources for October issue
- Apr 03 (1) - FY04 RI State Budget critique
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Responsibility:
Tom Sgouros
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Tue, 28 Apr 2009
RI Budget Buzzword Bingo!
Fun for the whole family! Click on the card for details!
10:35 - 28 Apr 2009 [/y9/ap]
link
Sat, 25 Apr 2009
Good news from the front, sort of
The annual fact book is out from Rhode Island Kids Count. This is
sort of an almanac of child welfare, and covers everything from the
number of kids in day care to the number of homeless children to the
number who drop out from high school. (You can get the book yourself
at rikidscount.org.) This
week I'd like to focus on some of the good news, sort of.
Public school test scores are up. Did you know that? Fourth and
eighth-grade reading and math scores are up in the last few years,
both by the NECAP (RI, NH, VT) and the NAEP (national) tests. So
celebrate!
In a way this is not terribly surprising. Education policy in our
state (and nation) has become so focused on test test test TEST! that
it would be shocking if there were not some positive result. I
don't think many people without children in the schools are really
aware of how many tests there are, and how much time is wasted on
them. Gathering good data is important, and it's how public
enterprises should be evaluated, but entire weeks of the school year
are lost to testing, which is plainly ridiculous. Honestly, it's
little more than a symptom of the mass hysteria about public education
we suffer, and I and my children are more than ready for that ol'
pendulum to swing back the other way a little bit.
See more ...
07:40 - 25 Apr 2009 [/y9/cols]
link
Thu, 23 Apr 2009
Issue 36!
Issue 36 of the Rhode Island Policy Reporter is out:
- A review of "cap and trade," the plan to control global carbon
dioxide emissions. Did you know we have lots of experience with
plans like this? Some lessons from that experience.
- A closer look at the controversy over EFCA and secret ballot union
elections. "Card-check" is not the provision large employers find
most alarming, just the issue that polls better.
- Book review of the final report of the Governor's blue-ribbon
commission on tax reform. Summary: hackneyed plot, but interesting
conflict.
Didn't you mean to subscribe already?
Subscription details here.
08:10 - 23 Apr 2009 [/y9/ap]
link
Wed, 22 Apr 2009
Mail bag
We get mail:
Dear RI Policy Reporter
I was at the "Tea Party" you wrote about on April 15th. I had a Giant
poster of a Tea cup, labeled "Iraq - One big cup of tea. Stop big
spending! $660 billion of our tax money spent." Funny thing is I was not
made very welcome and had -"support the troops" and other comments spoken
or occasionally shouted at me - the most disturbing one was an older man,
well past the age of military service that shouted that I "should be
ashamed of myself?" I am confused, I though I was protesting big wasteful
spending of tax money handed out to the politically favored. Were did I go
wrong? Help me RI Policy Reporter.
Confused in Providence
Some people are just trouble makers.
08:32 - 22 Apr 2009 [/y9/ap]
link
Sun, 19 Apr 2009
Boston Tea Party a protest against corporate tax cuts
A funny piece
points out that the East India Company was granted a huge tax break
that threatened the livelihood of anyone in America who sold tea and
that this was the real background to the tea party. Puts some of last week's tea-related festivities in perspective.
00:35 - 19 Apr 2009 [/y9/ap]
link
Overrides
Here's
a record of successful Prop 2½ override votes. It's an
interesting list. Apparently summer communities do this pretty
frequently, which is not terribly surprising. But some of the others
aren't obvious candidates.
00:26 - 19 Apr 2009 [/y9/ap]
link
Sat, 18 Apr 2009
Of taxes and tea bags
Last week was April 15, tax day. Celebrants gathered at
the statehouse to applaud all the wonderful things your state and
local governments do for you: pave your roads; educate your children;
arrest, try and imprison criminals; put out fires; and keep poor people
from dying in the streets. Because they are activists, they have
taken the time to learn about some of the things your government does
for you that don't always get a lot of attention: police insurance
companies; deliver (and inspect) drinking water; maintain sewers;
monitor beaches for water pollution; register vehicle and land titles;
create and enforce land-use plans; provide care for long-term
disabled people; run bus and train service; and much more.
Oh, sorry. Well a boy can dream, can't he? Actually, as anyone
reading this well knows, the activists were at the statehouse yesterday not
to applaud any of that, but to complain they wish it was cheaper.
They brought tea bags with them, a cute touch meant to remind
us of Sam Adams. The mystery, of course, is that they think there
exist people who disagree. For example, I don't.
See more ...
17:44 - 18 Apr 2009 [/y9/cols]
link
Sat, 11 Apr 2009
Who's making hard choices?
While debating the state budget last week, Senate Majority Leader
Daniel Connors (D-Cumberland,Lincoln) said the budget "doesn't
represent the hard choices we're going to have to make." He was
apparently referring to the fact that the budget didn't cut enough.
You hear this kind of talk about "hard choices" all the time. As if
there's anything hard about sticking it to poor people and cities.
What's hard about it? Suburban legislators like Connors routinely get
elected and re-elected by mouthing platitudes about hard choices,
tsking piously about the problems of our cities, and by promising to
get tough on unions. Legislators who vote for these things still get
invited to good parties. They can still raise money for their
re-elections and no one throws eggs at them when they speak in public.
Life is good.
What's more, they routinely follow through on these promises, this
year stripping cities and towns not only of the state aid promised
them last June, but also most of the stimulus money promised by
Congress and President Obama. In the last few years, the pensions and
health benefits for state employees have been cut, teacher unions all
across the state have given back health benefits, health care for poor
people has been trimmed and cut and pruned. Did you know that the
monthly cash benefit for welfare recipients is the same today as it
was in 1989?
What provokes people to claim choices are hard is that occasionally
they realize these policies may be popular, but are also shortsighted
and, well, stupid.
See more ...
15:07 - 11 Apr 2009 [/y9/cols]
link
The NCSL mistake rears its ugly head
In 2007, the National Conference of State Legislators made a terrible
mistake about RI's budget, calling a tax that had been on the books
for a dozen years a "$70 million tax increase." They were wrong, but
the error lives on, most recently in the RI section of this
document, brought to my attention by the organizers of the tea-bag
rebellion business.
You can read the original
column, or the followup regarding NCSL's
use of copyright laws to prevent me from showing their errors to the
reading public, such as it is.
13:32 - 11 Apr 2009 [/y9/ap]
link
Sat, 04 Apr 2009
Keep Coastway Credit Union small: Vote NO!
Coastway Credit Union, based in Cranston, but with several branches
around the state, is one of Rhode Island's unsung successes. A
modest-sized community credit union with about $300 million in assets,
it provides a good deal in bank services to its members. I haven't
managed to see detailed financial reports, but from the accounts I
have seen, they are a solid, well-run institution. This month they
are asking their members' permission to convert from a credit union
into a mutual bank. They are a credit to us all, and that's why I
hope their members vote NO.
Among the first things I had to learn about in my career as a public
policy nerd was credit unions. Only those who weren't here won't
remember how some high-flying local banks and credit unions managed to
bankrupt the meager resources of the local bank "insurance" scheme in
1990. Around a third of the state had money frozen in the collapse,
and the economic devastation lasted years. Over the next decade, the
state paid around a billion dollars -- an entire extra year's worth of
taxes -- to make up for the idiocy of a relatively small number of
bankers with ambition.
What else have the marvels of our financial sector done for us? We
deregulated banks in the 1970's, savings and loans in the 1980's,
insurance companies and commercial banks in the 1990's and investment
banks in 2000. What did it get us? Huge bank fees and usurious
credit card rates, the savings and loan crisis of the 1980's, the
Rhode Island credit union fiasco of 1991, the current global credit
meltdown, and more.
See more ...
11:43 - 04 Apr 2009 [/y9/cols]
link
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