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This post was originally published on the Public Notice: Bankrupting America Blog. Fruitless debt ceiling negotiations have left state governments and citizens searching for certainty in the face of a possible federal default and credit downgrade. As reported by USA Today, a downgrade would leave states, as well as “7,000 cities, counties, universities, and non-profits” facing steeper borrowing costs from … Continue reading
This post was originally published on the Public Notice Research & Education Fund: Washington Could Learn a Lot Blog. The answer is yes. At least according to an Examiner.com op-ed that details five lessons which politicians in Washington could learn from the compromise that ended the lockout on Monday. Ryan Witt, the author of the op-ed, suggests that “no deal … Continue reading
This post was originally published on the Public Notice Research & Education Fund: Washington Could Learn a Lot Blog. The answer is yes. At least according to a Wall Street Journal op-ed that evaluates how our neighbors to the north cut spending to tackle their own debt crisis. Fred Barnes, executive editor of the Weekly Standard and author of the op-ed, contends … Continue reading
This post was originally published on the Public Notice: Bankrupting America Blog. Though Minnesotans are finally with a budget, the days of their pristine credit rating by Moody’s are long gone, as the state has been AA-1 since 2003. Only 15 states can claim AAA, the highest rating, but the debt ceiling poses a threat to their … Continue reading
This post was originally published on the Public Notice: Bankrupting America Blog. A seemingly never ending saga involving broken contracts and hundreds of millions of dollars will come to a close as two former Navy oil tankers are transferred from James River, VA to their final resting place: a recycling facility in Texas. As reported by The Virginian-Pilot, … Continue reading
This post was originally published on the Public Notice: Bankrupting America Blog. In a victory for teetotalers, prohibitionists, and defenders of the defunct 18th Amendment, alcohol sales will be sharply curbed in Minnesota as a result of the state’s government shutdown. But the coming drought may be avoided, if the Republican-held legislature accepts Gov. Mark Dayton’s … Continue reading
This post was originally published on the Public Notice: Bankrupting America Blog. Following a judge’s ruling, Minnesotans can still see lions, tigers, and bears at the state zoo, but horseracing, construction permits, and pristine parks will remain elusive in the North Star State. As we reported last week, the state government shutdown after Governor Mark Dayton (D) and … Continue reading
This post was originally published on the Public Notice: Bankrupting America Blog. In a blow to conspiracy theorists, the Department of Defense Office of Inspector General (DoD OIG) highlighted astronomical Army overspending on Boeing replacement parts without reference to Area 51. Actor Judd Hirsch satirized sole-source contracting in the holiday blockbuster Independence Day (1996) by implying that … Continue reading
This post was originally published on the Public Notice: Bankrupting America Blog. While many state governments worked up until their budget deadlines to avert a shutdown, divided government added another hurdle in many efforts to close funding shortfalls. In New Jersey, Gov. Chris Christie (R) and the Democratic-held Legislature engaged in a level of partisan … Continue reading
Jared Alves 