Call Me Stormy

Finding righteous currents in turbulent times

Archive for the tag “deficits”

California’s Lost Promise

California is at a tipping point. Severe budget deficits, unsustainable pension costs, heavy taxes, cumbersome regulation, struggling cities, and distressed public schools are but a few of the challenges that policymakers must address for the state to remain a beacon of business innovation and economic opportunity. In this video, the cracks in California’s flawed policy plans are displayed and analyzed by a diverse set of experts.

Attack of the Austerions

Senator Rand Paul, R-Kentucky,  and CATO economist Dan Mitchell join John Stossel to discuss a pipe dream called austerity.

Sequester Facts to Bear in Mind

To hear President Barack Obama tell it, the impending $85 billion in spending cuts to the federal budget known as the sequester are the worst disaster since Seth MacFarlane hosted the Academy Awards.

But before you dive deep into depression, Reason TV’s Nick Gillespie recites a few facts that should take the sting out of the sequester.

Sequestration Panic Time!

The “cuts” under sequestration are, in fact, not spending cuts at all. Even the one department that faces substantive cuts, Defense, will continue to spend at historically high levels. Cato Institute Senior Fellow Michael D. Tanner comments.

Hey Washington, Get Frugal

Regular Americans everywhere are having to tighten their belts and learn to live with less. Kira Davis asks: “Why can’t Washington?”

 

How Tulsa Squared Its Budget

When Mayor Dewey Bartlett took office on December 7, 2009, Tulsa, Oklahoma was in its worst budget crisis since the Great Depression.

“We would have probably had to file for bankruptcy,” Bartlett tells Reason TV. “It certainly got us focused on how to run a government better.”

With a $10 million budget shortfall and employee compensation spiraling out of control, thinkng about layoffs was just the beginning. Bartlett schooled himself about the budget and decided to focus “on things a government really should do and also make a decision on what a government really doesn’t need to do.” He reformed pay for police and firemen, sold unused vehicles and property, and privatized some city services, including the city’s zoo.

Reason TV talked with Bartlett in his office to talk about how to balance a city’s budget without raising taxes.

The Money Will Run Out

Remember when President Obama called the Bush Administration deficits “irresponsible” and pledged to reduce them by half? Here’s a quick recap on how well Obama has kept those promises and what his cavalier spending means for the future of our country. H/T iOwnTheWorld

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