March 25, 2019

The Blue State Challenge

“Democrats received a mixed blessing in November when they seized complete control of state governments in California, Connecticut, Illinois and New York. They now own responsibility for fixing the dysfunctions of liberal governance even as the left wants more spending and taxes.

Anti-Trump furor helped Democrats retake the governorship in Illinois and augment legislative majorities in California, Connecticut and New York. Democrats picked up 12 seats in the Connecticut House and six in the Senate where control is split with Republicans. Democrats in New York flipped eight Senate seats and won a legislative majority for only the third time in 50 years.

With legislative supermajorities, liberals in California can raise taxes without GOP votes and in Illinois place a progressive tax on the ballot as unions have long wanted. Democrats campaigned on more spending—for schools, roads, child care, you name it. But Illinois and Connecticut are spilling red ink while the progressive tax-and-spending structures in New York and California are profiting from the Trump economy while storing up future trouble.

Illinois is forecasting a $1.2 billion deficit next year and has accrued $7.5 billion in unpaid bills despite a $5 billion income and corporate tax hike in 2017. Pensions consume 25% of state revenue, up from 10% a decade ago, yet are still only about 40% funded. Chicago is leaning toward insolvency as pension costs have doubled in a decade.”

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JJ Editor's Daily Picks

"China’s Hydrogen economy Is coming: The world’s electric-vehicle king is seeking leadership in fuel cells, too. Investors are probably right to be excited."

"It would be the height of naivete to believe the book is closed. Democrats on Capitol Hill are not just going to take the attorney general's conclusions and move on to new things."

"Netanyahu has brazenly allied himself with Trump’s Administration and his family (including the cryptic peace negotiator, Jared Kushner, whose family he has known for years), as well as with the Republican Party and Republican funders..."

"Us is stranger than Get Out, with deeper philosophical undercurrents flowing through it. The rabbit that greets you at the movie’s start is an invitation. Will you follow, like Alice in her Wonderland?"

"Democrats and Republicans seem to have irreconcilable views on economics, but on one point they agree: Small business is better than big."

"Sanctuary, a digital astrology start-up backed by $1.5 million in venture capital, made the considered decision to launch its service on Wednesday — the dawn of the new astrological year, when Pisces gives way to Aries in the astral cycle."

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"Apartment Therapy posted a photo to Instagram of a bookshelf with the spines facing inward, and the dramatic response — dozens of users denouncing the trend as anti-intellectual, even comparing it to book-burning ..."

"Perhaps it is time to add parenting to the growing list of “replacement religions” competing for our attention and currency these days, a list that already includes workism and politics."

"Only a fraction of the world’s yeast species have been discovered. The ones still out there could revolutionize health care, green energy, and beer."

"We’ve recently fixated on expunging “fake news” but the medical world also has its charlatans. The snake-oil salespeople, masquerading as health professionals, are naturopaths."

"...should we continue to teach thinkers like Kant, Voltaire and Hume without mention of the harmful prejudices they helped legitimize?"