We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
From Mankiw in the NYT, who says the gummint could make it's own public option insurance today:
An important question about any public provider of health insurance is whether it would have access to taxpayer funds. If not, the public plan would have to stand on its own financially, as private plans do, covering all expenses with premiums from those who signed up for it.
But if such a plan were desirable and feasible, nothing would stop someone from setting it up right now. In essence, a public plan without taxpayer support would be yet another nonprofit company offering health insurance. The fundamental viability of the enterprise does not depend on whether the employees are called “nonprofit administrators” or “civil servants.”
Helping out California would open a Pandora’s box of policy headaches for the administration. How do you justify helping one state — even if it’s the biggest — when dozens of other state legislatures and governors have managed to make the wrenching budget cuts necessary? Granting special assistance could be seen as rewarding the worst actor – and set a dangerous precedent that might tempt other states to shrug off budget pain in hopes of getting a bailout.
Dick Morris a few days ago mentioned that Pelosi had followed, on the cap & trade vote, a familiar script whereby her party members in sensitive districts get permission to vote "nay" if the bill is going to be a 'close vote that will pass' anyway.
i noticed over the weekend reading headlines that Time magazine is blaming Prop 13 for all of California's troubles. As if Prop 13 itself was an asteroid or something.
Arnold could redeem himself somewhat, as well as perhaps show some leadership in putting the country right --now or never --by making a comprehensive four-hour speech relating in exquisite detail exactly and i do mean exactly what went wrong in arguably the most bounteously-endowed piece of land on the planet Earth.
jappy, the Genoveses were apparently involved, as were insiders in the Venuezuelan central bank. Madoff is in the news today --he too was apparently involved with the Genoveses --as well as the Oligarches & Russian mafia. Your speaker of the house, coincidentally, is the daughter of a Genovese chief. And your secretary of state just called off the poppy interdiction program in Afghanistan.
All this info is available in 'search' --i'm not making it up.
Regarding, where is the growth going to come from in California or in the USA?
I expect any recovery in GDP to be relatively anemic. The policymakers are taking away the incentives to invest and work. None of this bodes well for economic growth.
My personal position is the markets are in for a few more bumps before the year is over. I am positioned very defensively. I expect that Obama will distort the facts and use it as a call for more government. He is betting that people will trade freedom for bread.
I don't know where the myth that government resources are unlimited because there is a taxpaying public behind it all.
Federal tax receipts were in the $2.1 to $2.5 trillion range before the meltdown. I could go to Washington with a handful of accountants, lawyers and bankers without a political agenda and only a copy of the Constitution and Bill of Rights and find $500 billion to $1 trillion of "savings" within a month.
Grace Commission, even ReGo, all had great ideas --that just evaporated like vapor on a June afternoon. ReGo actually took the thing out of politics in a way, recommending an across the board percentage cut in every spending fountain in DC. Great idea but nuttin happent.
jappy, lasy i heard the two couriers were released. Ah, yes, that's right, and, 'whereabouts unknown' --tho i haven't dug into it lately and there may be updates.