A Roundup of Rand Paul Autopsies/Obituaries

The polling data suggests that Rand Paul is not a top tier candidate.  The Real Clear Politics average of national polls indicates that the top tier consist of Donald Trump, Jeb Bush and Scott Walker, whose support ranges from roughly 18 percent to 12 percent.  The crowded second tier consists of Marco Rubio, Mike Huckabee, Ben Carson, Ted Cruz and Paul, who are polling roughly at the 6 percent to 8 percent range.  I anticipate John Kasich will move into the second tier shortly. Continue reading

Corn versus Granite versus Palmetto

In December, 2011, former Utah Governor Jon Huntsman said in defense of his decision to not compete in the Iowa caucuses, “They pick corn in Iowa. They pick presidents in New Hampshire .”  Actually, since 1992, as far as picking the GOP nominee is concerned, both Iowa and New Hampshire have picked the nominee 60 percent of the time (when the nomination has been contested).  South Carolina, at 80 percent, beats them both: Continue reading

Governor Hassan in a Budget Box Canyon

Box Canyon – a canyon with steep walls on three sides, preventing entrance or exit except through the mouth of the canyon.

It is now one month since Governor Hassan, as she promised she would, vetoed the budget passed by the Republican controlled Legislature.  The State is operating under a six-month funding resolution, passed by the Legislature and signed by Hassan, under which State government is funded at the level in the prior budget (July, 2013 through June, 2015).  The budget vetoed by Hassan would have increased spending by $635 million, or 6.1 percent, over the biennium.  (Hassan proposed an $800 million increase.)

At the time, I did not think it was a smart political move for the Legislature to provide a funding resolution along with the budget.  My thinking was that the resolution would make the budget veto politically painless.  In hindsight, whether intentional or not, presenting the funding resolution along with the budget has turned out to be a brilliant political move. Continue reading

The Indefensible Claim That the Business Tax Cuts Have to be “Paid For”

Here is the headline on NH1 News website:

Landrigan.23July15

State spending is something that needs to be “paid for.”  States like people must transact  in United States currency.  That means that to the extent the State’s budget calls for X dollars in spending, the State must raise through a combination of taxes, borrowing or federal funding X dollars in United States currency.  Otherwise at some point, the State will not be able to spend all the spending budgeted because it will run out of money.

Tax cuts, unlike spending, do not need to be “paid for” because the State is simply letting the taxpayer keep his or her own money. Continue reading