The administrators who run Chicago Public Schools, the taxpayers who fund the district and CPS parents have a real mess on their hands. CPS is facing a $500 million budget shortfall for the 2015-16 school year alone. Altogether, the district is over $1 billion in the hole, and the debt CPS is carrying has been labeled “junk” by Fitch Ratings, Moody’s and Standard & Poor’s.
Mississippi took a step in the right direction when, at the beginning of the month, the Mississippi Department of Human Services announced it would implement work requirements for single people between the ages of 18 and 49 who receive benefits from the Supplemental Nutrition Assistance Program (SNAP), commonly called food stamps. Although this is a positive development, there is still much that could be done to better help the State of Mississippi move people in poverty from government dependency to self-sufficiency.
(Part 2) In this edition of The Heartland Daily Podcast, Ryan Yonk, Assistant Research Professor in the Department of Economics and Finance at Utah State University and Executive Director of Strata Policy joins Managing Editor of Environment & Climate News, H. Sterling Burnett. Yonk joins Burnett to discuss the environmental impacts, reliability, benefits, and costs of the various renewable energy sources.
In this edition of The Heartland Daily Podcast, Ryan Yonk, Assistant Research Professor in the Department of Economics and Finance at Utah State University and Executive Director of Strata Policy joins Managing Editor of Environment & Climate News, H. Sterling Burnett. Yonk joins Burnett to discuss the environmental impacts, reliability, benefits, and costs of the various renewable energy sources.
It is important to note that falling oil prices create economic costs as well as benefits. But The Badger Herald article would have benefited from a discussion of the good that comes from lower prices, and it relies on a quote from Bill Davis of the Wisconsin Sierra Club that presents some inaccurate statements about the environmental impact of hydraulic fracturing.
In today’s edition of The Heartland Daily Podcast, H. Sterling Burnett, managing editor of Environment & Climate News speaks with Dan Kish. Kish is the vice-president of policy at the Institute for Energy Research (IER). Kish joins Burnett to discuss the high economic costs and the unmeasurable environmental benefits of President Obama’s new Clean Power Plan.
In today’s edition of The Heartland Daily Podcast, H. Sterling Burnett, managing editor of Environment & Climate News speaks with Myron Ebell. Ebell is director of the Center for Energy and Environment at the Competitive Enterprise Institute and chair of the Cooler Heads Coalition. Ebell comes on the podcast to discuss the extreme costs and minimal benefits from President Obama’s clean power plan.
Passed into law with the stated intention of protecting consumers from low-quality service providers, occupational licensing laws in fact hurt consumers by insulating existing businesses from competition and preventing people from using their talents to earn a living in ways that might serve consumers better.
In today’s edition of The Heartland Daily Podcast, Jesse Hathaway, managing editor of Budget & Tax News speaks with Leonard Gilroy. Gilroy is director of government reform at the Reason Foundation. Gilroy joins Hathaway to discuss the benefits of privatization.
In today’s edition of The Heartland Daily Podcast, H. Sterling Burnett, managing editor of Environment & Climate News speaks with Heartland Science Director Jay Lehr, Ph.D. Lehr and Burnett discuss the subject of nuclear power in the post-Fukushima age.
If you live in the United States, vote, pay taxes, and get your electricity from a utility company, you’ve helped the solar power industry. You support the solar industry through a variety of tax and regulatory policies—voted in by politicians you elected—that favor it over other lower-cost forms of electricity generation.
Over the past few years, innovative new services such as Airbnb and Uber have sprung up across the nation, creating what’s been termed the “sharing” economy or “peer-to-peer” economy. These services have endured varying levels of resistance from local and state governments, as lawmakers have applied 19th- or 20th-century modes of regulatory theory to 21st-century technologies.
Mythological trolls — described as old and ugly creatures living under bridges or in caves — are known for one central feature: generally troublesome and injurious to human enterprise. Much of the same can be said for today’s patent troll — the dubious business entity again drawing the ire of Congress that exists solely to acquire patents and make claims of infringement in court.
Welfare policies intended to get people back on their feet are actually keeping them on the dole by reducing economic incentives to seek better-paying jobs or work more hours. Instead of the tired policy of being “generous” with other people’s money, pro-growth policies are the key to getting people back to work.
Ignoring the language of the law, the Obama administration decided to give tax credits through the federally established exchange. This triggered several lawsuits, with two courts ruling to uphold the law as written, thereby preventing tax credits from being applied to individuals who signed up through the federal exchange, while a third court sided with the administration’s argument Congress simply forgot to write into the law that tax credits could be given through federal exchanges.
“Government is the great fiction through which everyone endeavors to live at the expense of everyone else,” wrote the celebrated French legislator, economist, and political theorist Frederic Bastiat 165 years ago. With recent reports out of the Census Bureau indicating nearly half of all Americans are receiving some form of direct government subsidy – Social Security, Medicare, Medicaid, food stamps, unemployment benefits, housing assistance, veterans’ benefits, etc. – can there be any doubt he was right?
The total federal government spending in 2013 totaled $3,454,253,000,000—over $3.4 trillion—encompassing defense, highway and transportation costs, public education, immigration services, and government worker salaries, to name a few.
Timothy Noah of MSNBC recently informed us, “In theory, raising the minimum wage ought to increase unemployment, but in practice, economists (including a few at the not-exactly-left-leaning Goldman Sachs) have lately struggled to find any real-world evidence of that happening. Job creation is actually faster in the states that have raised the minimum wage.”
In elementary school, many of my teachers would place a long banner across the top of the chalkboard, reading “Knowledge Is Power.” The phrase is meant to teach students the importance of education and the empowerment it can bring. For today’s workers, this idiom remains relevant and significant.
Matt Damon made headlines a few years ago when he went on an expletive-laced screed about teachers’ poor (not his word, but close) salaries. It’s personal to him because Damon’s mother is an early childhood education professor.
Let’s agree with Damon that good teachers should earn a lot. The job can be very demanding, and it is crucial to society. So what would it take to pay teachers a great salary — say, something around $90,000 a year or more? That’s actually possible, without raising taxes or adding to the great American debt mountain. Here are three major barriers to that.