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A look at the lousy situation Rhode Island is in, how we got here,
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Budget Demystification!
Fiscal Derring-Do!
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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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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:
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Tue, 25 Sep 2007
NCSL Report
For those who are wondering about the source of the fake statistic
that says RI raised its taxes higher last year than any other state,
it's in a report available to National Conference of State
Legislators (NCSL) members at the ncsl.org.
The issue is that NCSL researchers counted as a new tax a tax that's
been on our books for a dozen years or so. But for reasons that elude
rational explanation, every year, the legislature passes it with a
one-year expiration. Optimism, I guess. So it's not at all a new tax
(and was even trimmed slightly this past session), but NCSL counts it
as a new tax.
You can find the report right here, too, for free. Enjoy.
Update: The NCSL is upset that their report is being circulated for
free, so have demanded that I retract it from the web site. For the
moment, the link above won't work. However, I will be submitting a
request that they allow me to display a representative segment that
will allow readers to see that it was, indeed, their report that was
the source of this stupid statistic.
Further update: No dice on reproducing even a part of the offending
report, so go pay them their fee if you want to see their error
instead of hearing me describe it. They also request that I clarify
that they only charge a fee if you're not a legislator or staff. The
rest of us who care about how the business of our state is conducted
have to pay. If you're really curious, write me and I'll describe it
to you.
Read
more here.
23:37 - 25 Sep 2007 [/y7/se]
Wed, 19 Sep 2007
Growth rates
Does the movement of people from one town to another cause property
taxes to go up? Here's a chart of growth in Middletown and
Portsmouth, two towns right next to each other, on the same island.
They are the same size, and have the same tax rate (roughly), but
fiscal politics is brutal in Portsmouth, and the town teeters on the
edge of fiscal crisis. Middletown had a crisis a few years ago, but
now has one of the highest bond ratings in the state.
The two towns are now growing at the same rate, but for one of
them, that's a relief to be growing after some years of shrinking.
For the other, it's a disaster because they aren't growing at the
explosive rate of years past.
There's more on the topic in issue 25.
21:58 - 19 Sep 2007 [/y7/se]
Thu, 06 Sep 2007
Bureaucracy creeps, enrollment drops
A recent
Projo article
documents how increasing the qualification requirement paperwork for RIte Care
(Rhode Island Medicaid) has resulted in an "unprecedented" drop in
people in the program. They've gone from 119,000 people to 111,000
since January 2005. Those missing 8,000 people were not all people
who didn't "deserve" to be served by the program. Some of them were
people who would qualify, but who weren't up to the challenge of
providing all the necessary paperwork -- birth certificates, four
pay-stubs to verify income -- and so on.
I wrote a while back about the welfare bureaucracy and the insane fear that
someone, somewhere, will take advantage of the system to get benefits
for which they are not entitled. To be clear, this is a bad thing,
and to be avoided, but when the cost of avoiding it is that people who
need help also get cut off the rolls, then there is something
seriously wrong with the system. Read more here.
12:06 - 06 Sep 2007 [/y7/se]
Wed, 05 Sep 2007
Because it's important
Do you want to know why we're in Iraq now? Read
here.
The Daily
Howler is right that this is the story that refuses to be told.
You'll see it in the link above, but it won't resonate or echo
anywhere, and so you won't hear it until the next time someone
publishes a story about press misconduct.
Trying to figure out what to do about this isn't easy. Heaven
knows my answer isn't so effective. But it is pretty clear that
nothing will happen so long as people don't mention it.
13:19 - 05 Sep 2007 [/y7/se]
Said better than I ever could
From Bill
Maher (via Cheers and jeers):
And finally, New Rule: If you were surprised that the Chinese don't
care about toy safety, then the child who needs protecting is
you. Over the last couple of months, American consumers have been
learning a shocking lesson about supply and demand: if you demand
products that don't cost anything, people will make them out of
poison, mud and shit...
They're the Chinese. They don't care if your precious little Britney
sucks a little lead. Because in China, their kids aren't playing
with the toys. They're the ones in the factory all day making them.
Now, I know you're saying, "But, Bill, I don't have time to ponder
whether these $12 jeans are the product of child labor. I just know
I'm an American on a budget and our lifestyle is a blessed one. And
I want to look nice while I'm standing in line for my iPhone."
But, there is something to be said for thinking about why these
bargains are such bargains. Wal-Mart is the most American thing in the
universe, but all it sells is crap from China. Wal-Mart wouldn't exist
without the American consumers' endless thirst for the cheapest stuff
China has to offer. Like $30 DVD players and Jackie Chan. Yeah, you're
right, it was a great movie.
Anyway...in America, there is nothing more sacred than a
bargain... And Jackie Chan. And that even includes the war. Yeah,
there's too much lead in the kids' toys, but not nearly enough on the
Humvees in Iraq. "Let's have a war and cut taxes; what could go
wrong?" "Let's give mortgages to the homeless. Sounds like a plan."
"Let's buy toys from a Communist police state. You just know they'll
put in a little extra love."
Speaking of which, you know why today's modern Chinese capitalist puts
lead in the paint that goes on toys? Because it makes colors
brighter. You've got to love America, a country that's literally being
killed by the stuff that makes objects shiny.
09:24 - 05 Sep 2007 [/y7/se]
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