When looking at growth in the state’s budget as accurately as possible–by comparing the previous budget to the current one–both the House and Senate versions of the 2008-09 budget grow faster than population growth and inflation, with the Senate being a little more generous than the House.
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...