Excellent chart from Barry Ritholtz’s The Big Picture. He uses data from the Federal Reserve’s Flow of Funds Accounts to map credit flows. State and local governments have become negative borrowers in the first quarter as the amount of bonds that have matured and the amount of principal that has been repaid exceeded new bond issuance. States and municipalities are making the hard fiscal choices and restraining borrowing and expenditures. It’s painful, but it must be done.
Delaware opens the procurement kimono
Delaware has launched a new website to make it easier for entrepreneurs, small businesses, and other employers to do business with the State of Delaware. The new website will serve as a resource for companies interested in bidding for State contracts. The Governor hopes that the site will make the bidding process easier and more transparent for business owners so they can create jobs in the state easily…
…The public will also be able to see state spending trends and details of contract usage. The public can also access business development tools, customer satisfaction surveys and “I Found it Cheaper,” which allows individuals to submit suggestions on how the State can procure goods for less money.
Has local law enforcement become too militarized?
The overuse of swat teams in law enforcement is a topic that I’ve wondered about and rarely seen addressed in the mainstream media. Here is an interesting pull-quote from the Rutherford Institute:
While the frequency of SWAT operations has increased dramatically in recent years, jumping from 1,000 to 40,000 raids per year by 2001, it appears to have less to do with increases in violent crime and more to do with law enforcement bureaucracy and a police state mentality.