Category Archives: Economics

Dispatch From The Bizarro World

of Democrats:

Thanks to this bill — which doesn’t touch any of the civil service protections afforded public workers, nor any private-sector unions — public sector workers will have a choice over whether to join a union. Thanks to this bill, public workers who elect not to join a union won’t be forced to pay dues anyway. Thanks to this bill, elected officials won’t be negotiating away taxpayer dollars with the people who finance their campaigns. So, naturally, the Democrats call it the the undoing of fifty years of “civil rights.”

Naturally.

Cheer Up

The world’s biggest bond fund is dumping US debt:

You may think the Ryan Roadmap looks harsh and disruptive. But we simply must start dealing with these things right now, while we have some resources, some options, and some time. It will be much more harsh and disruptive to try to deal with these things after the fiscal crisis is upon us, when inflation is skyrocketing, unemployment is through the roof, and the markets start demanding a very high premium to finance the debt of Washington, the states, and the cities, if indeed investors are willing to do so at all.

We are in an extraordinarily dangerous period, one that calls for real leadership in Washington, where the geniuses in charge are currently locked in a death struggle over whether to cut nothing or next to nothing.

NPR? Foreign aid? Food stamps? That isn’t going to do it. The fact that we’re even having a discussion about whether we have to federally subsidize experimental opera companies in Topeka suggests that the message has not quite hit home. Maybe when the Social Security checks stop coming, Americans will notice. Which is to say, when it’s too late.

The country’s in the very best of hands.

Tiny Cuts

big complaints:

The cuts represent less than 2 percent of the total budget, less than 4 percent of the deficit, and less than 5 percent of discretionary spending, which rose in real terms by 75 percent from 2000 to 2010 and by about 9 percent in each of the last two fiscal years. If the House-approved reductions would be “the largest one-year cuts in history,” as the folks at Every Child Matters say, that is a sad commentary not on Republican cold-heartedness but on the fiscal incontinence of both parties.

They squeal like stuck pigs at pinpricks.

On Firing Schoolteachers

The benefits:

I doubt that the lowest possible turnover rate is compatible with the best possible education. Turnover has costs, but it also has benefits: fresh blood, lower burnout rates, and an incentive for teachers to keep performing. The whole idea of hiring someone in their early twenties and employing them forever seems like an unhealthy organizational structure to me–in the military and old-school law firms as well as teaching, though the military and law firms do more to weed out the number along the way. It breeds an organization that is insular–resistant to new ideas, suspicious of outsiders, resentful of its nominal clients. We should be looking for ways to make teaching more open to part-timers and people in second, third, or eighth career cycles, and to make it easier for teachers to move around between schools and districts, and between teaching and other industries.

It will never happen, though, as long as the NEA retains its power, because it’s never about the children with them. And it’s another good argument against public-employee unions.