Monday, January 3, 2011

Split Government works

says JT Young of the NY Post.

Everyone has a bounded function around their tax stream or their entitlement stream.  The Undeadlocking function will find the min/max paths, and we will choose one.

The Deadlock will force the channel to requantize. I see states abandoning federal mandates. Municipalities abandoning state mandates.  The Obamacare waiver process gets challenged and out of control, Obamacare mandates extend out in time.  Medicaid will ease itself out, unsustainable at the state level. Cuts in federal education dollars. HSR gone. Elimination of guaranteed pension across state and local contracts.  Tea Party holding firm for District Earmarks.

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