Dems should be concerned about the senate given not just the results but the enormous structural skew it gives to Republicans. But this is a real dilemma for progressives — are you ready to donate to and volunteer for senate candidates who are significantly to Biden’s right?
He nails it, but we can change his labels: Republican is small states, Democrat is House District.
It matters no that the Senate becomes Dem by one vote, the imbalance between the two chambers remains, and it is extremely inefficient to rebalance with earmarks, because we have a better unit, central bank cash. So get the earmarks out of shadow banking and into the regulated banking system with cash revenue sharing. We discovered this before, we have been in a hallucination for 40 years.
The problem with earmarks is we cannot make change, split them up within a state. It is as simple as that and our two Nobels will agree. The effect is that same as if we took one third of the budget and invested in a shadow bank. It is as stupid as using the regulated banks for taxation. They are opposing hallucinations, put them together and they make a fair coin.
Related issues merely because the earmark system breaks down and we devalue. All we need is to have the earmark system breakdown more often in smaller units, that is called making change. And Treasury acknowledge the real Constitution instead of some hallucination. We know we have a Coase, but we can find an effective Nash; we need our two Nobels to design a revenues sharing market between House and Senate. They know how to do it.
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