Posts Tagged budget

While We Are Wringing Our Hands….

While we wait for the impact of sequestration to hit, we might ponder this: In an interview with Spiegel Online, a Harvard economist insisted that we could save an amount equal to the sequestration cuts every year  just by ending the War on Drugs. “The prohibition of drugs is the worst solution for preventing abuse,” said [...]

Continue reading...

, , ,

4 Comments

The Politics of Pay

Whatever the merits of Mayor Ballard’s decision to give his staff huge pay raises, the “optics,” as they say, are terrible. The upcoming city budget will be more than painful, thanks largely to the ill-conceived “tax caps,” and the cuts to services will be draconian in some places. Giving your buddies in the Mayor’s office [...]

Continue reading...

, , ,

5 Comments

The Bottom Line

“Keep your eye on the bottom line” is good advice. But it is also a good idea to consider the definition of “bottom line.” In business, the term refers to profitability; too much red ink and the enterprise fails. In government, however, the “bottom line” is generally defined as doing the people’s business while at [...]

Continue reading...

, , ,

No Comments

File Under “Kick Them When They’re Down”

The more we see of Paul Ryan’s “innovative” budget proposal, the more mean-spirited it gets. Take Food Stamps–another target for “savings.” According to Meteor Blades over at Daily Kos, Ryan would change food stamp dollars to block grants, which would be funded at only 80 percent of the current level of spending. “That means cuts [...]

Continue reading...

, ,

1 Comment

Balancing the Books

When most of us talk about “balancing the books,” we have a mental image of a bookkeeping ledger (for those of you too young to recall keeping financial records on paper, those ledgers were books filled with graph-like paper, on which one recorded assets and liabilities). The point was to balance revenues with expenditures. Somehow, [...]

Continue reading...

, , ,

No Comments