With so many hindrances to budgetary prudence, it is easy to understand why Texas’ TEL has failed to live up to expectations. However, with just a handful of changes, legislators can vastly improve and entrench this important safeguard.
D.C. Doesn’t Just Spend Too Much Money, It Spends On The Wrong Things
Can you imagine China, Russia, or Iran spending trillions of dollars to remove any fraction of the carbon dioxide they’re pumping into the air? When corporations — and people — misallocate capital, they tend to suffer. Of course, whether capital is misallocated is sometimes only fully understood after the fullness of time. The People’s Republic...