Saturday, February 18, 2012

why uncle oughta have a make good transfer system for lower levels of gubmint



revenues expending at "potential output rates " is a dynamic stablizer
obviously

budget balancing requirements oughta include a make good federal trend spending mechanism
tied to state & county & local   private sector  performance

even a bulky trigger system based on a nation wide metric would be better then the precent discretionary nonsense
'

as pk in full soap opera mode suggests

"we could put well over a million people to work... without any need to come up with new projects; just transfer enough money to state and local governments to let them return to doing the essential business of government.."
--cue string quartet --
"... like educating our children."

ah yes perseverate  perseverate   about   dah  schoolin  of  dah keeeeds