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Willisms

« America's Drastic Demographic Changes: November 2004 & May 2006. | WILLisms.com | Why Darfur? »

Trivia Tidbit Of The Day: Part 328 -- Surging Economy Dumping Money Into State Government Coffers.

Surpluses, Surpluses, & More Surpluses-

The National Conference of State Legislatures reports yet more good news about the economy:

...fiscal offices in 42 states report that they expect to end FY '06 with a collective $28.9 billion year-end balance. Of the 41 states that have revised their revenue forecasts since the start of the fiscal year, collections are exceeding expectations in 18, on target in another 18, and below forecasted levels in only one.

The economy is rocking. As in, 1980s Hair Band Rock. Loud and proud. This economy is so masculine, it's feminine. It's so angry and arbitrary, it's gleeful and contrived. The economy is rocking like Poison, Def Leppard, and White Tiger, combined.

Interestingly, the NCSL charges 35 dollars for full access to the data (nearly a dollar per page). Not going to pay for data I will surely be able to find elsewhere later for free, but I would just bet that there are certain patterns in the data that may seem counterintuitive to most folks. I've blogged on these very patterns here in the past. They are worth a second look.

If you aren't willing to click and look, here's a hint: states with higher local/state tax burdens typically have more problems paying the bills than states with lower local/state tax burdens. For those of us who study economics and believe in free enterprise, this is not much of a surprise. For folks in the media, it makes so little sense-- it is so mind-boggling-- they aren't even going to report it.


-------------------------------------

Previous Trivia Tidbit: Sticking It To Corporations.

Posted by Will Franklin · 9 May 2006 06:14 PM

Comments

I can't believe you left Whitesnake off the list.

Posted by: Giacomo at May 9, 2006 08:12 PM

OR, Joan Jett.

Posted by: Zsa Zsa at May 10, 2006 05:55 AM

As opposed to the economy during the recession that had the "Seattle Grunge Rock" feel to it. Depressed. Bitter.

Posted by: Justin B at May 10, 2006 03:14 PM