December 5: Muniland Snaps
There is a lot of variation in the economic performance of various U.S. states. Source: Federal Reserve Bank of St. Louis’s FRED ( link )
WaPo: Snail mail could get a lot slower as USPS mulls closing roughly half of mail processing centers
NYT: American police becoming more militarized
McClatchy: Calif. Gov. Brown to ask voters to back plan to raise $7 billion a year in tax hikes
Bloomberg: New Jersey debt keeps climbing, now at $38 billion
The Nation: America’s most treasured public library struggles with future
Bloomberg: Detroit may owe $400 million for swap terminations if taken over by state
Bloomberg: Next hurdle cleared for bankrupt Harrisburg
@TPCarney Timothy P Carney Reform proposal: to slow the revolving door, pay Congressmen a huge retirement bonus, which shrinks for every year they serve.
@damianpaletta Damian Paletta Social Security actuary Goss predicts disability trust fund reserves will be exhausted in 2017, sooner than previous forecast of 2018.