Home Defects, Budget Shortfalls, and Picking Losers

Jig Saw Puzzle

Interesting items, each worthy of a post, but in the interest of keeping up to date – here are some newsworthy items deserving of a click and read.

Nevada Legislature: Take a moment to read Eli Segall’s piece in the Las Vegas Sun about the interest taken in the Assembled Wisdom about homeowner complaints in regard to construction defects.  Here’s a taste:

“Supporters say the proposal will boost construction jobs, but outside analysts say it will hammer trial lawyers, a political and business foe of builders, and, despite the bill’s name, will make it harder for homeowners to sue for shoddy workmanship.”  Why?

“As proposed, AB 125 would, among other things, strip homeowners’ ability to recover reasonable attorney fees in defect cases; require homeowners to state each problem in “specific detail” rather than in “reasonable” detail as current law allows and to give the defects’ “exact” locations in the house; and change the definition of a constructional defect, eliminating the provision that such flaws are made in violation of law and local codes and ordinances.”

Republicans in Disarray?  There is an effort to recall Assemblyman Hambrick (R-NVAD2).  Hambrick, GOP opponents say, has Strayed From the No New Taxes Pledge. [LVRJ]

School Daze: There’s this from Let’s Talk Nevada:

“8:00 AM: H/T Ralston for this. Pedro Martinez, the man Governor Brian Sandoval (R) hand-picked to run the new “Achievement School District” where he wants to transfer 10% of Nevada public schools into, is so dedicated to improving public education in Nevada… That he’s now running for School Superintendent in Boston. And yes, that’s Boston, Massachusetts.”

Meanwhile in Wisconsin under the Austerity/Trickle Down Hoax regime of Scott Walker – the governor’s solution to the $283 million budget shortfall created by his tax cuts is to skip $108 million in debt paymentsAnd in Kansas, the legislature backed down and decided to allow governor Brownback to sweep $475 million over the next two years from KDOT into the budget hole created by his tax cuts. [Kansas.comGet ready Ohio, governor Kasich is gearing up his 23% cut in the state income taxes over the next two years.

And in Congress, the Republican leadership is operating on the same theme:

“House leaders plan to schedule votes this week on seven bills recently approved by the Ways and Means Committee to make permanent an array of “tax extenders,” a set of primarily corporate tax provisions that policymakers routinely extend for a year or two at a time.  The seven measures, which will likely be packaged into a smaller number of bills for floor consideration, are the first installment in a series of bills that House leaders are expected to move to make many of the largest tax extenders permanent, while offsetting none of the cost.”

I think we’ve seen this before, and labeling it “Credit Card Capitalism,” wherein the Bush Administration turned the Clinton Administration surplus into a massive deficit – and then blamed the Democrats for “tax and spend” policies.  We might get the drift – the Republicans get into control, lower the taxes and revenues, thereby piling up a massive debt. The Democrats take back the control, enact taxes to fill the holes in the state budgets – and the GOP screams about “Tax and Spend?”

About those “economic development” and “job creating” ideas – a report (pdf) from North Carolina documents that 60% of the recipients of their incentive awards were cancelled because the firms failed to live up to their promises. H/T Angry Bear.  The story is about the same in Wisconsin:

“The Wisconsin Economic Development Corporation, a public-private body set up by Walker shortly after he took office in January 2011, was supposed to help the state climb out of recession by shedding bureaucratic rules and drawing on private-sector expertise.

But the WEDC has fallen short of its own goals by tens of thousands of jobs and failed to keep track of millions of dollars it has handed out. One reason for the agency’s disappointing performance: Walker’s overhaul of the state bureaucracy drove away seasoned development workers, economic development experts who work closely with the agency told Reuters.” [CapBlue]

There are other ways to create jobs and improve our economy; take a look at the CAP proposal for the Appalachian region.

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