Muniland is fundamentally different from any other financial market. This is because it is composed of many everyday people who are charged with defending and improving the common weal. They keep the purse strings. And they often stumble along the way.
The Oregon Legislature has 30 Democrats and 30 Republicans. Imagine crafting law with that dynamic.
Every state house has a fluid political environment. We’ll be looking at all of these “people’s houses” in upcoming posts. [Video source: Neatorama]
The fiscal conditions of U.S. state and local governments will steadily decline through 2060 because of rising healthcare costs, a federal watchdog agency said on Wednesday, but it added that short-term pressures have eased over the last year.
“This is a [health care] voucher system that’s fair to all and keeps government spending from exploding. [It is a] proposal that offers common ground to both Republicans and Democrats. To date, five Nobel laureates in economics, George Akerlof, Edmund Phelps, Thomas Schelling, Vernon Smith and William Sharpe, have signed on.
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