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Tuesday, August 27, 2013
Being Elmo (2011)
Monday, August 26, 2013
Tax Expenditures in Richardson
Tax expenditures: spending by another name.
That's Washington. How about Richardson?
It's understandable why Congress has grown so attached to tax expenditures. It's a way to spend without blame. In fact, Congress is more likely to take credit for reducing taxes.A tax expenditure program is government spending through the tax code. Tax expenditures alter the horizontal and vertical equity of the basic tax system by allowing exemptions, deductions, or credits to select groups or specific activities. For example, two people who earn exactly the same income can have different effective tax rates if one of the tax payers qualifies for certain tax expenditure programs by owning a home, having children, and receiving employer health care and pension insurance.
Source: Wikipedia.
That's Washington. How about Richardson?
Friday, August 23, 2013
S2L77: Across Afghanistan
Afghanistan
March 26-27, 1977
Empty land. A few mud villages, including sleepy Ghazni.
Kandahar was unremarkable.
We stopped for camel rides at some nomad's tent.
The bus ran out of gas.
Source: Personal travel notes.
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From 1977 03 23 Afghanistan |
More after the jump.
Thursday, August 22, 2013
How to Survive a Plague (2012)
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Wednesday, August 21, 2013
Public Hearing on Richardson's Budget
Richardson's 2012-2013 budget forecast was balanced in the common usage sense of the word (revenues exceeded expenditures). The currently estimated budget actuals are not balanced in the common usage sense (expenditures exceed revenues), but by drawing down fund balances (by about $3 million!) the budget actuals are "balanced" in some bureaucratic sense that I still don't claim to fully understand.
Anyway, now it's on to 2013-2014. After the jump, another way to measure success.
Anyway, now it's on to 2013-2014. After the jump, another way to measure success.
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