SUPPLY SIDE ECONOMICS….For those of you old enough to remember who David Stockman is, Avedon Carol has a good post about W’s administration today. I don’t know how she manages to have the discipline to write long posts like this using a dial-up connection, so go read it and make it worth her while.
The now-legendary 1981 article about Stockman in The Atlantic is here. If you’ve never read it, you really should. This is the story for which Ronald Reagan rather famously took Stockman “out to the woodshed.”
MORE GUNS, LESS HONESTY?….Via Instapundit, Clayton Cramer prints John Lott’s response to charges that he faked a survey for his book More Guns, Less Crime.
No, I take that back: Lott doesn’t actually respond at all, he just says he has now redone the survey and come up with similar results. This completely evades the point. No one is all that concerned with the precise results of the survey ? which are not especially crucial to his overall thesis ? but with the fact that he apparently lied about conducting a survey in the first place. As Clayton Cramer dryly notes, it would “raise serious credibility questions.”
It would indeed. And don’t you think that we would then be well advised to take everything else Lott says rather skeptically?
POSTSCRIPT: Apparently this mini-tempest has been brewing for about six months, but no one in the blogosphere felt like writing about it during that time. If Lott hasn’t been able to come up with a better excuse than “my dog ate it” after six months, I doubt he’s going to do any better in the future. And, yes, “many will choose to draw unflattering conclusions.”
GAY MARRIAGES….My hometown newspaper, the Orange County Register, has decided to start printing same-sex union anouncements. This policy affects not just the Register, but the entire Freedom newspaper chain, which includes 35 newspapers across the country.
Good for them. The Register is usually described as a conservative newspaper, but in reality it’s a libertarian newspaper with a conservative slant. Maybe there’s something to this libertarian stuff after all.
MORE CALIFORNIA BUDGET NONSENSE….The rest of you may safely leave the room.
Ann Salisbury reports that assemblyman John Campbell wants a constitutional amendment that would limit spending increases to the rate of inflation plus population growth. Ann says, “I think I like it.” So let’s take a look at how this would have played out over the past two decades:
1980: Budget = $52 billion (in 2002 dollars), population = 23 million. Per capita spending is thus $2,260 per person.
2002: Population is now 35 million, so keeping the same per capita spending, the state budget would be $79 billion.
The actual budget last year was $98 billion, and we are supposedly $24 billion in the red for next year, which means that without tax increases the budget needs to be cut to $74 billion. So even if we had followed Campbell’s proposal, we’d still be in the hole. But at least we’d only be $5 billion in the hole!
(Actually, this gives you an idea of how much trouble California is in. Even if per capita spending had been absolutely flat for the past 20 years, we’d still be deeply in the red.)
On another subject, Ann quotes an LA Times article with this jaw dropping statement:
To begin with, the state does not have to balance its budget. The Constitution merely requires that the governor propose a balanced budget. At the end of its fiscal year the state budget can show a deficit. This also means that any governor can fulfill his constitutional obligation by proposing changes that he knows will never be enacted. So as you read about Gov. Gray Davis’ budget, remember that what counts is not what he asks for but what he can get through the Legislature.
Can this really be true? Hell, my cats could propose a balanced budget. If the legislature doesn’t have to actually pass one, then what’s all the fuss about every year?
Something here has got to be wrong.