Posted in Politics on Apr 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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Posted in Welfare State on Apr 13th, 2010
“We’re Just Working the System that is There!” No comments necessary.
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Posted in Macroeconomics on Apr 13th, 2010
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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