10/11/2018

Fiscal Policy Report Card On America’s Governors 2018

Chris Edwards, Cato Institute

The U.S. economy is in its 10th year of economic expansion, and state government budgets are benefiting from a solid growth in tax revenues. State general fund revenues have grown 40 percent since 2010. Many of the nation’s governors have used the growing revenues to expand spending programs, whereas others have pursued reductions in taxes.

That is the backdrop to this year’s 14th biennial fiscal report card on the governors, which examines state budget actions since 2016. It uses statistical data to grade the governors on their taxing and spending records — governors who have cut taxes and spending the most receive the highest grades, whereas those who have increased taxes and spending the most receive the lowest grades.

Five governors were awarded an A on this report: Susana Martinez of New Mexico, Henry McMaster of South Carolina, Doug Burgum of North Dakota, Paul LePage of Maine, and Greg Abbott of Texas. Eight governors were awarded an F: Roy Cooper of North Carolina, John Bel Edwards of Louisiana, Tom Wolf of Pennsylvania, Jim Justice of West Virginia, Dennis Daugaard of South Dakota, David Ige of Hawaii, Kate Brown of Oregon, and Jay Inslee of Washington.

Read full article


Tags:


You May Also Like:

New Study Ranks US High In Economic Freedom, But Trump’s Tariffs Could Change That Alexander Hammond, Washington Examiner

Does Midterm History Really Augur Big GOP Losses? David Catron, The American Spectator

Tucker Carlson: In Their Efforts To Fight Trump, Democrats Have Become What They Said They Hated Tucker Carlson, Fox News

'Blue Wave' Ebbing? Dem Advantages Offset By Strong Economy Rick Moran, PJ Media

Actual Pocahontas Descendant Calls Out Elizabeth Warren Nate Church, Breitbart

Warren Is A Fraud Ben Shapiro, National Review

6 Political Scandals The Press Doesn't Want You To Know About Investor's Business Daily

The Ratings Are In, And They’re Important: Left-Wing The Conners Vs. Right-Wing Last Man Standing Alex Parker, RedState

Mattis: China’s Island Militarization Continues Bill Gertz, The Washington Free Beacon

One-Party Rule Has Left New York In A Sorry State Michael Goodwin, New York Post

For More go to the Home Page >>>

Join Our Email List



section

Bookshelf

FreeMarket Central

Some titles recent, all recommended -

Special Video Feature

FreeMarket Central

Voices From The 2017 International Students For Liberty Conference

section

In Search Of History

4,000 Years Of Price Control

Tablets, said to be 200 years older than the Babylonian Code of Hammurabi ... show that the ancient kingdom of Eshnunna had wage control and price control. The news ought not to have come as a surprise. For the code of Hammurabi itself (unearthed in 1902), which was promulgated earlier than 2000 B.C., fixed prices, wages, interest rates, and fees. This makes price control at least about 4,000 years old. ...

 

Ironically, it is those who now wish to return to this ancient totalitarian device who are fondest of calling themselves “progressives.” They are also fond of saying that those who believe in economic liberty “are living in the nineteenth century.” These controlists have yet to learn that they themselves are still living, as the discoveries in Babylonia attest, in the nineteenth century—B.C.!

-- Henry Hazlitt,

Shadow Stats Snapshot


FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 4.05%
    FreeMarket Central Shadow Stats: 21.5%
  • Inflation:
    FreeMarket Central September Year-to-Year: 2.87% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.9%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]

section