budget

State of the State: The Snyder model

What was remarkable about tonight’s State of the State address from Governor Rick Snyder was how unremarkable it was. The state’s budget is balanced without tricks or gimmicks, its long-term liabilities are under control, and there is $500 million in the state rainy day fund. Even the “controversial” portion of One Tough Nerd’s speech – … Continue Reading →

Nerd's Revenue 101 for Obama

In a depressingly familiar scenario, President Obama and his Washington Media chorus are singing the tired ol’ Beltway song that the only way to close the federal deficit is by raising tax rates on the wealthy. Never mind that the $160 million in extra revenue is a small fraction of Obama’s $1-trillion-a-year deficits. Never mind that major … Continue Reading →

Groundhog Day, starring Barack Granholm

Obama Part 2 meet Granholm Part 2. It’s Groundhog Day in America. A year after winning re-election over a rich, out-of-touch, China-outsourcing CEO (sound familiar?), Jennifer Granholm took Michigan to the fiscal cliff over tax hikes. The same song is being played in Washington today by Granholm’s Harvard-educated twin, Barack Obama. In D.C., nerves are … Continue Reading →