MuniLand Snaps: June 5
Although it’s unlikely that the federal budget will be balanced for years, some, like Larry Summers, argue that the nation should issue more debt to spur economic growth. The Congressional Budget Office details historical trends in revenue and outlays. The Hill says that a CBO report projects U.S. debt will double GDP by 2037.
Pew States: Medicaid fraud busters learn from experience
Bloomberg: Pennsylvania likely to issue $4.5 billion in bonds to repay federal loans for jobless benefits
Pipeline: Pennsylvania governor seeks $1.7 billion tax-break deal for Shell Oil Co
Bloomberg: The costs of cutting spending on Vermont’s mentally ill
Pew Trust: Falling revenues and growing demand for services challenge cities and counties
Charles Schwab: Could public pensions sink your muni bond portfolio?
BBC: California debt: What options are available?
NCSL has a breakdown of current party control in each state and in the legislature. goo.gl/pYFNR
— NCSL (@NCSLorg) June 5, 2012
20yr munis looks attractive. The muni/tsy ratio (using 10yr tsys) is now 182.9% & the 12mth ave = 152.3% so long-term investors can profit.
— Daniel Berger (@munimarketmaven) June 5, 2012
Which top 50 groups made the most political donations in past 11 years? Find out: ow.ly/bmbCh
— California Watch (@CaliforniaWatch) June 5, 2012
What better way to choose the beneficiaries of $100 million in taxpayer dollars than by picking names out of a hat? on.wsj.com/KJOwKo
— Peter Rudegeair (@rudegeair) June 5, 2012