Rhode Island Policy Reporter

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A look at the lousy situation Rhode Island is in, how we got here, and how we might be able to get out.

Featuring
Budget Demystification!
Fiscal Derring-Do!
Economic Jiggery-Pokery!

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RIPR is a (paper) newsletter and a weekly column appearing in ten of Rhode Island's finer newspapers. The goal is to look at local, state and federal policy issues that affect life here in the Ocean State, concentrating on action, not intentions or talk.

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whole site RIPR back issues

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
Issues are issued in paper. They are archived irregularly here.

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About

The Rhode Island Policy Reporter is an independent news source that specializes in the technical issues of public policy that matter so much to all our lives, but that also tend not to be reported very well or even at all. The publication is owned and operated by Tom Sgouros, who has written all the text you'll find on this site, except for the articles with actual bylines.

Responsibility:

Creative Commons License Tom Sgouros

Sun, 30 Dec 2007

Problama

Read here for a analysis better than I can write, of why I find the rhetoric of Barack Obama so problematic. I don't want someone who will seek reconciliation. I want to line up behind leaders who will, as David Addington (Dick Cheney's aide) put it so memorably, "Push and push and push until some larger force makes us stop."

00:47 - 30 Dec 2007 [/y7/de]

Thu, 27 Dec 2007

Score one for the Britannica

You might enjoy Despotism, from Encyclopedia Britannica films (1946). Did you know that progressive taxation is a defense of freedom?

22:37 - 27 Dec 2007 [/y7/de]

Fun site

Check out footnoted.org, whose editor spends her time reading the footnotes of corporate filings. Listen to her on Marketplace.

20:01 - 27 Dec 2007 [/y7/de]

Wed, 26 Dec 2007

Another sign of our world-class health care system

It seems that the incidence of worms among inner-city residents is startlingly high and on the rise:

WASHINGTON (Reuters) - Roundworms may infect close to a quarter of inner city black children, tapeworms are the leading cause of seizures among U.S. Hispanics and other parasitic diseases associated with poor countries are also affecting Americans, a U.S. expert said on Tuesday.

Recent studies show many of the poorest Americans living in the United States carry some of the same parasitic infections that affect the poor in Africa, Asia, and Latin America, said Dr. Peter Hotez, a tropical disease expert at George Washington University and editor-in-chief of the Public Library of Science journal PLoS Neglected Tropical Diseases.

I especially liked this part:

He noted a recent study by the Centers for Disease Control and Prevention, presented in November, found that almost 14 percent of the U.S. population is infected with Toxocara roundworms, which dogs and cats can pass to people.

"Urban playgrounds in the United States have recently been shown to be a particularly rich source of Toxocara eggs and inner-city children are at high risk of acquiring the infection," Hotez wrote, adding that this might be partly behind the rise in asthma cases in the country. Up to 23 percent of urban black children may be infected, he said.

Via.

14:20 - 26 Dec 2007 [/y7/de]

Fri, 21 Dec 2007

How long before this gets blamed on Clinton?

Read here.

Via.

13:52 - 21 Dec 2007 [/y7/de]

Thu, 20 Dec 2007

Welfare logos

Several papers where my column was printed this week omitted this image, the cover of the annual welfare department report from 1936:

More modern welfare logos, from around the nets:

They have a certain theme, don't they? Wrote about this here.

21:46 - 20 Dec 2007 [/y7/de]

Pedestrians are second-class citizens

Two pedestrians were killed yesterday because there was nowhere for them to walk besides the streets.

I read this somewhere:

To be a pedestrian in Rhode Island is to be a second-class citizen, constantly reminded that you are less important than citizens who drive.

Oh, yeah. here or here (See p. 12.)

On the brighter side, my bus driver was handing out cookies this morning.

Read a little more after the jump.

There are some common experiences to trying to get around Rhode Island on foot. Traveling without a car in Rhode Island means committing to scrambling over berms and guard rails between bus stops and destinations, walking across four-lane streets with no crosswalks, wading across marshy median strips, climbing over unplowed sidewalks, and more. Bus stops are out by the road, with gargantuan parking lots to trek across before you get to the store. Standing next to the road in inclement weather means getting wet from drivers passing four feet away at forty miles an hour, and crossing the street means matching wits with aloof and occasionally hostile drivers. And there is not a "walk" button in the state that perceptibly changes the light when you press it.

Bringing these experiences to officials' attention is rarely productive. One is told that too few people walk to make it important (the very definition of a self-fulfilling prophecy) or that slowing down the traffic would make "people" wait, as if the pedestrians do not qualify as people. Putting in additional crosswalks is thought to create unnecessary traffic tie-ups and even though municipal comprehensive plans may require commercial buildings to be next to the sidewalk, and therefore convenient to pedestrians, planning commissions and town councils seldom insist on these kinds of restrictions, and regularly trade them away for other amenities.. After all, few of them walk. In other words, to be a pedestrian in Rhode Island is to be a second-class citizen, constantly reminded that your safety and comfort are rated far behind those of your fellow citizens in cars.

09:17 - 20 Dec 2007 [/y7/de]

Tue, 18 Dec 2007

Tracking inequality

Here's an exciting graph, made here. This is the change in income share for various different sections of the population since 1979. You'll see that the top 1% of income earners did pretty well. How'd your neighborhood do?

See the link for all the details.

14:45 - 18 Dec 2007 [/y7/de]

Pension system woes

Received this from the Treasurer's Office:

FYI. Rhode Islandís pension system is one of the most underfunded in the United States, in aggregate terms, according to a study by the Pew Charitable Trusts released today. Rhode Island requires a higher contribution from state employees (8.75% of salary) to participate in the pension system than all but two other states....

You can see the rest here and the full report.

The state employee pension fund (which also covers teachers) is indeed underfunded, but determining how fast we need to fix that is a source of contention. Were one to ask Treasurer Mollis why, if the underfunding is such a crisis, he doesn't demand that we pay off the unfunded liability next year. He'll say that's crazy talk, thereby making my point (made here and here and here and here) that reasonable people can differ about how fast it should be paid off.

The fact remains that Rhode Island is on a very aggressive schedule of repayments, and this costs us a lot of money to be more fiscally responsible than anyone requires us to be. If "fiscal responsibility" simply means spending your dollars wisely, then Rhode Island's citizens should know that a trade-off is being made in their names in favor of what banks call fiscal responsibility and against what other observers — the ones who notice the long-term costs of slashing education spending, for example — might also call fiscal responsibility.

11:50 - 18 Dec 2007 [/y7/de]

Thu, 13 Dec 2007

What a falling market looks like

In California, prices flew higher than here, by a lot, but the basic shape of the real estate price record was roughly the same: crazy run-up of prices, unsustainable, and not supported by real people, but by speculators. Now look here to see what it looks like on the Stockton Magical Mystery Repo tour.

Via K. Drum.

13:07 - 13 Dec 2007 [/y7/de]

A fabulous new publication

Tax policy in Rhode Island is a game played largely in the dark. There has been very little data available about taxes the state collects and even less analysis of that data. The state budget has never contained a full accounting of the taxes we collect, for example, and it contained no accounting at all of the gas tax.

But a hazy light has appeared on the horizon, and the tax division and House Finance have cooperated on a new publication, Revenue Facts. This was apparently put out last month, but I missed the announcement party, I guess.

The first issue has some rough spots (a table on page 135 seems to be missing about 400,000 taxpayers, for example), but it is a vast step forward from what we have had. Happy holidays to all you little data elves.

Update: The table has been fixed.

08:22 - 13 Dec 2007 [/y7/de]

Sun, 09 Dec 2007

More bad news

What's the good of an opposition party if it won't oppose?

22:56 - 09 Dec 2007 [/y7/de]

Sat, 08 Dec 2007

Very bad news

This is a very bad sign. The dollar's value is plummeting, and it will continue to plummet, so long as we have nothing the world wants to buy. Until recently, about the only thing we had that people wanted were financial assets. Foreign nations would sell us stuff and accept our dollars because they could re-invest them in US securities that would earn money, or because they could use the dollars to buy dollar-denominated goods from other countries. This last was mostly oil.

Well, no one wants to buy our financial assets this week, and now dollars won't get you any Iranian crude, either. There is very little incentive for the other oil-producing states to accept dollars, except to the extent that their wealth relies on US investments. This probably means that Saudi Arabia and Kuwait will not eagerly follow suit, but what about Venezuela, Indonesia, Norway and Libya? What have they got to lose?

Expect imported goods -- including oil -- to get a lot more expensive soon.

Oh, and congratulations to all the people who think that international power flows only from military might. You've got your wish, and US foreign policy has been conducted over the past 7 years as if guns and planes are the only thing that makes us powerful. But this is only an adolescent fantasy put forward by people who look good in suits, and so are thought to be Very Serious People. We are about to see it unmasked. Stay tuned.

The reality is that our power in the world derives from the strength of our economy, the value of our financial assets, the value of dollars in international markets, the fact that people from all over the world want to come here, and more such intangibles. As we chip away at each of these, we shouldn't be surprised as we lose power.

14:31 - 08 Dec 2007 [/y7/de]

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