Five helpful New Year’s resolutions for Congress to do in 2018.
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Five helpful New Year’s resolutions for Congress to do in 2018.
Click here for full text, a transcript, and downloadable versions.
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Back when then-president Barack Obama used to lament and lament some more that the United States no longer builds amazing infrastructure projects like the Golden Gate Bridge (setting aside for the moment that it wasn’t the federal government that created America’s finest span), buzzkills like us would point out that A) the American Recovery and Reinvestment Act of 2009 included a whopping $105 billion for infrastructure, characterized by Obama at the time as “the largest new investment in our nation’s infrastructure since Eisenhower built an Interstate Highway System in the 1950s,” and B) “Every dollar that governments spend on every level gets inflated by contracting rules, social engineering, environmental aspirations, and sops to public sector unions.”
A detailed and infuriating illustration of that latter point comes in today’s New York Times, which, following up on a previous indictment of how the city and state of New York have let the subway degenerate into almost comical disrepair, deconstructs “The Most Expensive Mile of Subway Track on Earth.” The nut:
For years, The Times found, public officials have stood by as a small group of politically connected labor unions, construction companies and consulting firms have amassed large profits.
Trade unions, which have closely aligned themselves with Gov. Andrew M. Cuomo and other politicians, have secured deals requiring underground construction work to be staffed by as many as four times more laborers than elsewhere in the world, documents show.
Construction companies, which have given millions of dollars in campaign donations in recent years, have increased their projected costs by up to 50 percent when bidding for work from the M.T.A., contractors say.
Consulting firms, which have hired away scores of M.T.A. employees, have persuaded the authority to spend an unusual amount on design and management, statistics indicate.
Public officials, mired in bureaucracy, have not acted to curb the costs. The M.T.A. has not adopted best practices nor worked to increase competition in contracting, and it almost never punishes vendors for spending too much or taking too long, according to inspector general reports.
As a resident of the Empire State, I do not want to hear another goddamned word out of Chuck Schumer’s mouth about how the forthcoming federal infrastructure spending plan must be 100 percent public.
When Democrats talk about the evils and corporatey-corporateness of letting (involuntary shudder) private companies finance and maintain stuff like roads and bridges and trains and tunnels and airports, know what they are defending: a system of money-sloshing shielded at all levels from the discipline of competition. You just want the one percent to get richer!, they will cry, as the status quo they defend continues to build bupkus while diverting taxpayer money to the millionaire friends of the Cuomo dynasty.
There is a better way. For those serious not about graft but about building and maintaining the best and most cost-effective transportation infrastructure at all levels, begin with the half-century’s worth of work put into this topic by Bob Poole and the Reason Foundation. Here’s hoping the infrastructure bill resembles Poole’s vision more than the corrupt swamp from which President Donald Trump emanated.
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When it comes to online media, engagement—the minutes spent reading, watching, or listening—is the new likes.
With that in mind, I’m happy to share the 10 most-engaging stories from the thousands of articles we posted at reason.com this past year. They cover the waterfront in terms of topics, takes, and temperament, but they are all energized by our principled libertarian belief in “Free Minds and Free Markets.” A plurality involve some form of state abuse of power, including literal violence against unarmed and innocent citizens and coercive force via insane regulations and occupational licensing requirements. None of the stories is about Donald Trump, which is a tribute to you, our readers, although one article by Features Editor Peter Suderman broke the story of Trump’s IRS decision not to enforce Obamacare’s individual mandate. Our top story of the year, which pulled the equivalent of over 71,000 hours of reader engagement, is a profound analysis of how ongoing panic over the presumed psychological and emotional fragility of children and young adults is a grave disservice to American youth. In the best Reason tradition, it doesn’t simply diagnose a problem but offers concrete ways to improve things.
If you like what you read and watch here, please subscribe to the print or digital edition and consider making a tax-deductible donation to Reason Foundation, the nonprofit that publishes this website.
Here they are, in ascending order of “total engaged minutes” according our analytics program, Parse.ly.
10. Sen. Rand Paul Introduces Replacement for Obamacare: Paul’s bill equalizes tax deductibility on insurance whether obtained through employer or not, makes creating private group insurance easier, relies on Health Savings Accounts.
Brian Doherty|Jan. 25, 2017 7:14 pm
Total engaged minutes: 178, 846
9. Arizona Cop Acquitted for Killing Man Crawling Down Hotel Hallway While Begging for His Life: Body camera footage released after jury reaches verdict.
Scott Shackford|Dec. 8, 2017 11:40 am
Total engaged minutes: 183,960
8. Texas Cops Spent 11 Minutes Searching a Woman’s Vagina, Found No Drugs: Harris County deputies were initially indicted for the “offensive and shocking” search, but those charges were dropped last week.
Eric Boehm|Aug. 15, 2017 10:17 am
Total enaged minutes: 187,554
7. After Challenging Red Light Cameras, Oregon Man Fined $500 for Practicing Engineering Without a License: “Anyone should be allowed to talk about the traffic signals without being penalized,” says Mats Järlström. He’s suing the board.
Eric Boehm|Apr. 26, 2017 9:40 am
Total engaged minutes: 200,682
6. Absurd State Licensing Rules Could Send a Woman To Jail Just for Touching a Horse: Of course. State board says she has to go to veterinary school to learn something she already knows and the schools don’t teach.
Eric Boehm|Feb. 17, 2017 11:20 am
Total engaged minutes: 226,360
5. Every Cop Involved in the Arrest of This Utah Nurse for Refusing to (Illegally) Draw a Patient’s Blood Needs to Be Fired (UPDATED): The Supreme Court decision forbidding unwarranted blood collection is a year old.
Scott Shackford|Sep. 1, 2017 12:07 pm
Total engaged minutes: 239,241
4. Amherst Student Expelled for Sexual Misconduct Can’t Defend Himself—It Would ‘Impose Psychological Trauma’ on Accuser: John Doe says there’s evidence his female accuser assaulted him. But a judge won’t make her cooperate.
Robby Soave|Jan. 31, 2017 9:30 am
Total engaged minutes: 299,990
3. Moral Outrage Is Self-Serving, Say Psychologists: Perpetually raging about the world’s injustices? You’re probably overcompensating.
Elizabeth Nolan Brown|Mar. 1, 2017 8:45 am
Total engaged minutes: 307,402
2. Major Blow to Obamacare Mandate: IRS Won’t Reject Tax Returns That Don’t Answer Health Insurance Question: The tax agency has stopped requiring individual filers to indicate whether they maintained health coverage or paid the mandate penalty as required under the law
Peter Suderman|Feb. 14, 2017 9:44 pm
Total engaged minutes: 536,485
1. The Fragile Generation: Bad policy and paranoid parenting are making kids too safe to succeed.
Lenore Skenazy & Jonathan Haidt from the December 2017 issue
Total engaged minues: 4,284,023
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[Editor’s Note: As we’re coming up on the end of the year, we thought it would be appropriate to republish some of our most popular articles. Today’s was originally published on March 14, 2017]
Thousands of years ago, as far back as 3000 BC, the ancient Egyptians had developed a highly advanced system of writing using hieroglyphic symbols.
The used hieroglyphs for numbers as well.
A single line, for example, represented the number 1. Two strokes represented 2. Nine strokes for the number 9.
Since the Egyptians had not yet invented the “zero” in 3000 BC, representing the number 10 required a new symbol– a sort of upside down horseshoe.
So the number 99, for example, required eighteen different symbols: nine upside down horseshoes for the number 90, and another nine strokes for the number 9.
There was another symbol for 100, another for 1,000, and so forth.
The largest number in ancient Egypt was 1 million. As historian Will Durant wrote,
“The sign for 1,000,000 was a picture of a man striking his hands above his head, as if to express amazement that such a number should exist.”
Today the national debt in the Land of the Free is just shy of $20 trillion.
It makes me wonder what symbol the ancient Egyptians would have used to represent such an absurd figure. Hope and change?
Even the concept of trillion is difficult for our minds to fully grasp as there is very little within our physical human experience which relates to it.
“Trillion” almost seems like a fantasy… a made-up number like “a bajillion” or “zillion”.
And yet, the debt is very real.
Of course, we’re told that the debt isn’t important.
Modern “experts” who win our society’s most esteemed prizes for intellectual achievement tells us that the debt doesn’t matter “because we owe it to ourselves.”
This is pitiful logic.
It’s true that “only” $6 trillion– 30% of US debt is owned by foreigners.
The rest is owned primarily by the Federal Reserve, Social Security trust funds, US banks, large US companies, and the federal government itself.
But I fail to see how this is relevant. A debt owed is a debt owed.
It’s not like the US government could simply default on the Federal Reserve in cavalier fashion; that would render the central bank completely insolvent and cause a major currency crisis.
Defaulting on the trillions of dollars owed to Social Security and other pension funds would effectively destroy the livelihoods of hundreds of millions of people.
Defaulting on the debt owed to banks in the United States would cause the biggest financial crisis in US history.
Defaulting on the $1+ trillion owed major US corporations would bankrupt a number of large businesses and cause a deep recession.
And defaulting on the Department of Defense would simply be idiotic; Congress would have to immediately bail out the military with emergency funds.
So it’s difficult to find any comfort in this “we owe it to ourselves” nonsense.
The truth is that the debt absolutely matters.
It’s not some casual rounding error; it’s a major issue that already sucks up hundreds of billions of dollars in tax revenue each year just to pay INTEREST.
And that’s at a time when the government’s average interest rate is just 2%… an all-time low.
But now interest rates are starting to rise from their historic lows.
The 30-year bond yield is proportionally 50% higher than its record low from just nine months ago.
It wasn’t even that long ago, just prior to the financial crisis in late 2007, that the government’s average interest rate was around 5%.
And even that number was considered incredibly low compared to previous decades.
Yet if the average interest rate returned to just 5% (which would still be FAR below the historic average), the government would spend more than $1 trillion each year just to pay INTEREST.
Naturally they’d have to borrow even MORE money, which would add even more to the debt and make their interest payments go up even more.
History is full of examples of debt bankrupting dominant superpowers, going all the way back even before the ancient Egyptians.
This time is not different.
Debt is a ticking time bomb. And in this case, given the widespread consequences across the world, the bomb is nuclear.
Don’t get me wrong– nothing is going to happen tomorrow.
I’m not here to spread fear and panic about some imminent collapse. There’s too much of that garbage on the Internet.
But it is incredibly foolish to ignore such a prodigious risk.
Imagine there’s literally a nuke sitting on your desk right now; you don’t know when it will go off… probably not for several years at least.
But would you honestly stick around to find out?
Sure, maybe by some miracle the situation will resolve itself. Maybe every foreign government wakes up tomorrow and simultaneously forgives US debt.
(And maybe the Dallas Cowboys decide to recruit me as their starting quarterback…)
We can hope for the best.
But you won’t be worse off taking astute, conservative steps to distance yourself from such obvious risks… steps that make sense no matter what happens (or doesn’t happen) in the future.
Consider retirement, for example.
For many readers, you might still be decades away from retirement.
Given current data and trends, it’s entirely possible that the US government’s finances will have deteriorated into a default scenario by then.
So it’s hard to imagine that you’ll be worse off for setting up a better, more robust retirement vehicle today… a structure that allows you FAR more latitude to generate stronger, safer returns while minimizing exposure to this debt bomb.
There are so many other options– cash, gold, cryptofinance, better banks, safer investment choices.
We’ll talk about more of these in the coming days.
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Your money belongs to you, not the government.
Steven Greenhut writes:
An acquaintance who owns a large California business likes to talk about the negligible impact of the tax code on his personal life. As he puts it, well-off folks can afford the homes, cars and vacations they enjoy. Their lifestyle is static. When the government taxes them at a higher rate, that simply means they have less money to expand their business. It won’t force them to subsist on macaroni and cheese, sell the Tesla or feel any personal discomfort.
That’s a key point to consider when you listen to the rhetoric from Democratic leaders about the supposed evils of the recently passed Republican tax plan. The left wants to punish the rich, but defending higher taxes mainly punishes everyone else.
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The CBC canceled a broadcast of the documentary “Transgender Kids: Who Knows Best?” just hours before it was scheduled to air after complaints from activists. The BBC documentary questions whether transitioning is the best path for every child with gender dysphoria. Activists said that was harmful.
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Claims by police apologists that a “war on cops” ensued from a reform movement that emerged after the shooting of Michael Brown in 2014 in Ferguson, Missouri has no statistical support.
Preliminary data from the National Law Enforcement Officers Memorial Fund (NLEOMF) finds that 128 police officers died in the line of duty in 2017—44 of them were fatally shot. Last year 64 officers were fatally shot. And since 2011, the numbers have largely gone down.
In the meantime, police have fatally shot 971 people so far this year—the youngest of them just 6 years old. Last year, 963 people were fatally shot by cops.
Because the numbers include a wide variety of deaths, they are easy to misrepresent. The broad number, which includes traffic and other accidents as well as illnesses (mostly heart disease), is used to support claims that “a cop is killed every so many hours. In 2014, Michelle Malkin claimed a cop was killed every 58 hours, using line-of- duty death statistics that included heart attacks, traffic accidents, and even accidental falls.
The claims that a public backlash demanding police accountability has lead to violence against cops are divorced from reality. There were slightly more police deaths in 2011, long before police reform gained any substantive national attention, than in 2016. And 2016 didn’t compare to the annus horribilis that was 2007, when 204 cops died in the line of duty, 67 of them shot.
The 10-year high for line of duty deaths was 180 dead cops in 2011, of which 68 were shot, according to the Officers Down Memorial Page, which offers more detailed historical data than NLEOMF.
And none of those numbers compares to those posted in the 1970s and 1980s—145 cops were shot and killed in 1975 alone.
The NLEOMF is not yet offering a detailed breakdown of the deaths. Aside from the 44 cops who were shot, 47 died in traffic-related incidents and 37 of “other causes.” For comparison, the leading “other cause” in 2016 was “job-related illness,” which killed 15 police officers, according to NLEOMF.
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The Institute for Justice ends 2017 with one more win as a Baltimore circuit judge ruled the city’s tough laws restricting food trucks are too vague to be enforced.
Baltimore is a city where leaders have placed strict controls on where food trucks can park for the explicit purpose of protecting restaurants (and farmer’s markets, in this case) from competitors. Baltimore’s law forbids food trucks from parking within 300 feet of a restaurant that is selling similar foods.
The Institute, representing two food trucks (Pizza di Joey and Madame BBQ), sued to block the ban, arguing that it violates Maryland’s constitution and the rights of the truck operators. The city does not have a legitimate interest to justify these restrictions on where mobile food vendors can operate, and that the law itself has been written too vaguely, its lawyers argued.
Its vagueness won the case for the Institute. It’s not just a civil code violation when a food truck parks too close to a competing restaurant; it’s a misdemeanor criminal violation with a fine involved. But the law doesn’t define how to determine whether a food truck is selling similar food as a nearby restaurant or how the 300 feet should be measured. Judge Karen Friedman ruled food truck operators do not have enough information to be able to determine whether they’re violating the law or not. She is enjoining the city from enforcing the law until it has been clarified.
Don’t celebrate this win for freedom just yet. The judge accepted the city’s claim that it had a legitimate interest in protecting restaurants from food truck competition. The city argued it had a stake in protecting its property tax revenue and the stability of commercial districts by keeping food trucks at a distance. The judge actually determined the city has a legitimate interest in protecting brick-and-mortar restaurants from this sort of mobile competition.
The work of the Institute for Justice is, unfortunately, probably not done in Baltimore, as the lawyers noted when announced their win:
“Today’s ruling means Charm City is one step closer to food truck freedom,” added IJ Senior Attorney Robert Frommer. “But until the Maryland courts declare once and for all that cities cannot make it a crime to compete, we will keep fighting.”
Read the ruling here. John Stossel just covered Pizza di Joey’s case in Baltimore earlier in December. Watch below:
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