Debt
The latest shiny news object in Rhode Island media is the revelation that the Tidewater soccer stadium will cost Rhode Island taxpayers $132 million in order to finance $27 million of the construction costs, or $4.4 million per year for 30 years. Grumbling is being heard from people with familiar names — “obviously these are…
John DePetro and Justin Katz discuss the mysterious ways in which Rhode Island government runs poorly.
John DePetro and Justin Katz walk through the latest comedies in Rhode Island politics and discuss the characters who have been stealing the spotlight.
John DePetro and Justin Katz discuss the factors behind Rhode Island’s inability to raise sufficient funds for major projects.
Robert Wiblin gets to the economics of student debt cancelation in a dead-on way with this comment: Cancelling student debt is good but we could do more. The government should also tax non-college grads in order to fund a $5,000 annual gift for all college grads as a way to show appreciation for how smart…
Ryan Rappa thinks the Fed is going to have to make debt relief part of any plan to control inflation. Actually, I should specify that whoever wrote his commentary’s headline thinks that, because Rappa’s essay mainly just ruminates about the problem. The closest he comes is this: This risk is multiplied by other forms of…
Our system is set up to ensure that infrastructure, like school buildings, is left to rot. That dynamic is inevitable when (1) budgeting and negotiations are tilted so heavily in favor of labor and (2) taxpayers can be bullied or forced into spending the additional money to repair or replace buildings when they become bad…