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Daily Archive for April 13th, 2010

The CEO of the largest union in America (the SEIU), Andy Stern, was appointed to the President’s deficit reduction commission. As if that were not strange enough, we learn today that his union is $85 million in debt … and is … laying off workers. Update: The state of California’s pension is now $500 billion […]

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Profile of a Looter

“We’re Just Working the System that is There!” No comments necessary.

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In Addition to Crowding Out

Government spending reduces private sector spending via another mechanism. This paper employs a new empirical approach for identifying the impact of government spending on the private sector. Our key innovation is to use changes in congressional committee chairmanship as a source of exogenous variation in state-level federal expenditures. In doing so, we show that fiscal […]

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