3/27/2011

Thoughts On A Sunday

BeezleBub spent all day yesterday with the drama folks of his high school. Between two one-act plays being performed at his high school, they also had to pack up one of the sets and take it all the way to Plymouth for one of the state drama festivals, perform, pack it all up again and return here, unpack it all, and perform back at the high school.

He and his friends got back home very late last night.

And so he experiences the fun of working in drama tech, which I know I certainly enjoyed during my high school years.

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The unions are suing Scott Walker in an effort to override the legislation that stripped public sector unions of their collective bargaining rights in regards to benefits and pensions.

Their suit claims the state senate didn't have the quorum required to pass such legislation, but the joke's on them.

The legislation that stripped the collective bargaining rights had been separated from the budget bill, meaning all that was required was at least 50% of the state senators be present to have a quorum. That meant the missing Democrats had no effect on this legislation. It was the budget bill that required two-thirds of the senators to be present to have a quorum.

Nice try.

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This doesn't bode well for the Pay State's employment prospects: Massachusetts job fair canceled due to lack of jobs.

I hate to say this, but even if the economy is recovering (at least the Obama Administration says it is), many companies are reluctant to hire, making do with the personnel they already have. At this point they'd rather pay overtime than bring on new hires because if the economy continues to limp along during this non-recovery recovery, they won't have to lay off them. Other companies would rather contract for temps, meaning they don't have to provide any benefits and can shed them if things don't turn around. If they do turn around they can offer the temps full-time jobs.

(H/T Instapundit)

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Could some of these people be the 'looters' Ayn Rand warned us about?

Absolutely.

Power Line has more on this, including this statement: There may not always be an England.

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I have to admit dismay when it comes to this new: New Hampshire is towards the bottom of the list when it comes to having fully-funded state pensions.

I had hoped the Granite State would have been more fiscally prudent, but it turns out they were as foolhardy as so many of the other states. Some of that I can lay at the feet of the previous two legislatures and the governor. For the previous four years the Democrats controlled the New Hampshire House, Senate and governor's office. They went on a nightmarish spending spree. Not that all the blame can be laid there, but I think you'll find that the problem was probably more manageable prior to that.

When my wife started working at the state veterans home and we looked over the pension and benefits package, she saw that the pension system was promising 8% annual return on investments. I laughed out loud upon seeing that, knowing it wasn't possible they could guarantee such a claim. Any financial planner promising such returns would be jailed for making such ludicrous claims.

An interactive map covering all the states and their funding liabilities can be found here.

(H/T David Starr)

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Why is relying so heavily on income taxes form upper income earners is always a bad move by the states?

It comes down to two things:

1.) High income earners income tends to be far more volatile than everyone else's.

2.) It's easier for them to relocate to low tax states and take their income with them.

But that hasn't stopped some of the most financially strapped states from relying on them even more than they have. They've also been seeing those same high income earners leaving for greener (read that less expensive) pastures.

(H/T Tax Prof)

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I don't remember where I found the link for this, but the Boston Globe has a celebrity look-alike piece comparing well known celebrities and supposed look-alikes. Of the 50 or so in this piece, the one that stands out the most is Frank Roberts, who is a dead ringer for Leonardo DiCaprio.

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Neo-neocon comments upon and links to a number of posts dealing with individual's political change. For many of them the conservative point of view opened a whole new world for them, one based on rationality and logic rather than passion and unthinking emotion.

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How did the AGW supporting New South Wales Labour Party do in the recent elections Down Under? Let's just say it was a total 'shellacking'.

It appears the average Aussie voter has had enough of them and their draconian plans to destroy the Australian economy and they were having none of it.

There's hope for Australia yet.

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And that's the news from Lake Winnipesaukee, where the calendar says spring but the temperatures say winter, snow melt has slowed to a crawl, and where the urge to pull the winter tarp off of our boats is getting stronger.