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A Stitch in Haste

A Stitch in Time Saves Nine … But Haste Makes Waste

A collection of real-world libertarian, individualist and laissez-faire rants on law, economics, politics, culture and other current events
by an average, everyday lawyer & investment banker and part-time pop scholar.


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Entries Tagged as 'Fiscal Federalism'

From the Archives: "Government is Human Beings…"

February 24th, 2009 · Comments Off

Why is Washington State mailing out $1 welfare checks?

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Tags: Fiscal Federalism · Humor

From the Archives: Behold American "Poverty"

February 5th, 2009 · Comments Off

The Prime Taboo of Politics is that no middle class entitlement must ever be allowed to hint of being the dole.

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Tags: Activist Legislators & Nanny Statists · Fiscal Federalism · Socialized Medicine

While Politicians Slept…

January 26th, 2009 · Comments Off

The "moving" tale of Wilmington, Ohio — a city poised to die.

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Tags: Activist Legislators & Nanny Statists · Economics & Finance · Fiscal Federalism

On the False Distinction Between Intragovernmental Grants and Loans

January 7th, 2009 · Comments Off

Government giving itself other people's money is an enlightened path to universal prosperity, but government loaning itself other people's money is "ridiculous"?

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Tags: Economics & Finance · Fiscal Federalism · Politics

On the Calls for an Infrastructure Stimulus

November 25th, 2008 · 4 Comments

President-Elect Obama has pledged to "create" 2.5 million new jobs (at an apparent potential cost of $280,000 per job), by "rebuilding infrastructure" — roads and bridges and such. Maybe I was hallucinating, but didn't we all spend the past two years or so bitching and moaning about taxpayer money being used to build bridges? But [...]

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Tags: Activist Legislators & Nanny Statists · Economics & Finance · Fiscal Federalism · Politics

On McCain's "Overhead Projector" Remark

October 11th, 2008 · Comments Off

To review: During the second presidential joint press conference debate, John McCain criticized Barack Obama for seeking a $3 million earmark for what McCain snidely dismissed as an "overhead projector." Science bloggers have been quick to react indignantly. One example: McCain repeatedly called the requested equipment an "overhead projector" which brings to mind the simple [...]

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Tags: Fiscal Federalism · Politics

CRS Recommendation: Congress and the States

September 6th, 2008 · Comments Off

A Stitch in Haste recommends the following report from the Congressional Research Service: Federalism, State Sovereignty, and the Constitution: Basis and Limits of Congressional Power Summary: The lines of authority between states and the federal government are, to a significant extent, defined by the United States Constitution and relevant case law. In recent years, however, [...]

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Tags: Constitutional Issues · Fiscal Federalism

From the Archives: The Alaskan Tax Vulture

August 31st, 2008 · Comments Off

(Loosely based on a post originally published December 20th, 2004; heavily edited, and some links updated with more recent data. Additional post-Palin thoughts appended.) — First, some background: –Alaska has been the top recipient of federal taxpayer dollars per capita every year since 1999, and one of the three most lopsided states in terms of [...]

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Tags: Fiscal Federalism · Politics · Updates

"One Would Hope So…" Quote of the Day

August 17th, 2008 · Comments Off

In case there was any doubt about the financing structure of New York City's mass transit bureaucracy, The New York Times assures us: The authority collects far more revenue from subway, bus and commuter rail fares, dedicated taxes, and bridge and tunnel tolls than it draws from direct government aid. In a libertarian paradise (or [...]

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Tags: Fiscal Federalism · New York City & State · Taxation & Fiscal Policy

Progressive Enough For You?

October 9th, 2005 · 3 Comments

The Internal Revenue Service has released 2003 data on income tax returns. The numbers show that, despite all the histrionics about the phantom "Bush tax cuts," the federal income has become even more progressive than in previous years: (Click to enlarge.) Some hasty stitches regarding these numbers: –The idea that "the rich don't pay their [...]

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Tags: Fiscal Federalism