Economy

In Case You Missed It: Third and State Blog This Week

This week on Third and State, we blogged about the upcoming state budget, the end of adultBasic, a questionable business climate ranking, and much more!

In case you missed it:

  • On the state budget and the economy, Sharon Ward shared a podcast featuring her and Jan Jarrett of PennFuture discussing the state budget principles that will create jobs and ensure the long-term economic success of the Commonwealth. Mike Wood, meanwhile, challenged comments made this week by Budget Secretary Charles Zogby that Pennsylvania's budget woes are due to overspending. Mike points out that nearly every state in the nation — low-spending and high-spending alike — is facing a budget shortfall this year thanks to a recession-driven decline in revenue collections.
  • On the economy, Mark Price blogged about the problems with a new business climate ranking from the U.S. Chamber of Commerce that seems to favor states with lower wages and less human development. Mark also shared a funny but informative video of the Daily Show’s Jon Stewart discussing pay on Wall Street and for teachers. 
  • On health care, Chris Lilienthal highlighted a New York Times story on the end of Pennsylvania's adultBasic health insurance program this week and what that means for the more than 41,000 Pennsylvanians who lost their coverage.
  • Finally, on jobs and wages, Stephen Herzenberg noted that The Economist agrees with the Keystone Research Center on one thing: people don’t take government jobs to get rich.

More blog posts next week. Keep us bookmarked and join the conversation!

Friday Podcast: Principles for a Better State Budget

Next week, Governor Corbett will unveil his first state budget. It will outline a spending plan for the next fiscal year, but really it sets a course for the Commonwealth's economy and priorities for years to come.

So it is critical that the Governor and Legislature take a forward-looking approach to this budget with a focus on job creation and long-term economic success.

The Pennsylvania Budget and Policy Center and PennFuture teamed up to produce a new report setting forth key budget principles to promote a more prosperous Pennsylvania.

What's Good for the U.S. Chamber of Commerce Isn't So Good For You

Posted in:

The U.S. Chamber of Commerce released a new report on Wednesday calling for the rollback of a wide range of employment regulations that it argues lead to a poor business climate in the Commonwealth of Pennsylvania.

The report ranked Pennsylvania's business climate as poor because of relatively strict limitations in the Commonwealth on child labor, overly generous rules that protect parents from losing their job if they take leave to care for a child, and overly broad prohibitions against employment-related discrimination and harassment (here is the list of states and their rankings). 

Do Texas, Mississippi and Indiana Have 'Spending Problems'?

Pennsylvania's new Budget Secretary Charles Zogby trotted out a familiar line at the Pennsylvania Press Club luncheon on Monday when he proclaimed that Pennsylvania "doesn't have a revenue problem, it has a spending problem."

Might Secretary Zogby be reading the wrong side of the ledger? Or do Republican Governors Haley Barbour of Mississippi, Mitch Daniels of Indiana, and Rick Perry of Texas (to name just a few) have spending problems too? After all, each of those states is facing budget woes in the wake of the Great Recession.

Actually, nearly every state in the nation is facing budget woes this year thanks to a recession-driven decline in revenue collections. So it is a revenue problem.

In Case You Missed It: Third and State Blog This Week

This week on Third and State, we blogged about the looming loss of health coverage for nearly 42,000 adultBasic consumers, a misinformation campaign on public- and private-sector pay, the problem with Arkansas' gas drilling tax, and much more!

In case you missed it:

  • On health care, Chris Lilienthal blogged about the faith community's call on Governor Corbett to preserve adultBasic health coverage for nearly 42,000 Pennsylvanians. Later in the week, Chris also wrote about a candlelight vigil planned for 5:30 p.m. February 28 outside the Governor's Mansion to protest the end of adultBasic.
  • On public sector wages, Mark Price urged readers, in light of the battle over collective bargaining rights in Wisconsin, to beware of misinformation campaigns on the differences in public- and private-sector pay.
  • On the natural gas drilling tax, Michael Wood explains why a prominent Arkansas Republican, two-time gubernatorial candidate, and former gas company executive wants to increase his state's natural gas drilling tax.
  • Finally, on jobs and the economy, Stephen Herzenberg cites New York Times economist David Leonhardt to explain why we need more action to create jobs.

More blog posts next week. Keep us bookmarked and join the conversation!

Like We Said, Policymakers Are Focusing on the Wrong Deficit

New York Times economist David Leonhardt makes two simple points in today’s paper that we made in our release last week underscoring the need for more action to create jobs.

First, output in the United States has rebounded thanks to the Recovery Act, surpassing its level before the recession. The Act, according to our estimates, saved 400,000 jobs in Pennsylvania alone.

In Case You Missed It: Third and State Blog This Week

This week. we blogged about the upcoming two-year anniversary of the Recovery Act, President Obama's budget plan, a few hundred Valentine's Day messages for Governor Corbett, sales tax loopholes that only Amazon.com could love, and much more!

In case you missed it:

  • On the state budget, Michael Wood detailed Amazon's foot-stomping response to efforts by states to close a sales tax loophole that gives the online retailer an unfair competitive edge over other retailers. (Spoiler alert: The brick-and-mortar stores are none too happy about it!) Mike also shined some light on Pennsylvania's "conservative" debt levels and explained that Pennsylvania's debt service payments have long been low — between 3% and 4% of the state budget.
  • On health care, Chris Lilienthal shared some of the Valentines that Governor Corbett received this week from Pennsylvanians asking him to have a heart and save adultBasic.
  • On the federal budget, Chris highlighted some analysis from the Center on Budget and Policy Priorities on President Obama's budget proposal for the 2012 Fiscal Year. Mark Price, meanwhile, shared a video clip of Columbia University Professor Jeffrey Sachs discussing the federal budget and noting that both parties have the wrong priorities by cutting services vital to working- and middle-class families.
  • Finally, on the economy, Mark Price takes note of the upcoming two-year anniversary of the passage of the American Recovery and Reinvestment Act. Mark also blogged that policymakers are focused on the wrong deficit — Main Street America is a lot more concerned about a deficit in jobs and wages than they are about the federal fiscal deficit.

More blog posts next week. Keep us bookmarked and join the conversation!

In Case You Missed It: Third and State Blog This Week

This week, we blogged about job growth in Pennsylvania, what message President Obama should send to the U.S. Chamber of Commerce, lessons to learn from other state's fiscal woes and a whole lot more.

In case you missed it:

  • On the economy, Steve Herzenberg explained how Pennsylvania was a big winner in job performance for 2010, while New Jersey was the "biggest loser." Steve also blogged on what message President Obama should be sending to the U.S. Chamber of Commerce and weighed in on the nation's "Swiss Cheese" tax system.
  • On the state budget, Chris Lilienthal highlighted another edition of the Pennsylvania Budget and Policy Center's Fiscal Facts, and talked about lessons to learn from other states' budget challenges.
  • On jobs and unemployment, Mark Price wrote that for the long-term unemployed, the jobs just aren't there. Mark also blogged this week on strengthening the middle class and debunking bogus research on upward mobility and income 

More blog posts next week. Keep us bookmarked and join the conversation!

Pennsylvania Big Winner in 2010 Job Growth, New Jersey “The Biggest Loser”

There is some good news to be found for Pennsylvania in new data sizing up job performance in 2010.

While far too many Pennsylvania families are struggling in the aftermath of the worst recession in decades, the state’s economy is rebounding better – and faster – than most states.

In 2010, the Commonwealth added more than 65,000 jobs, ranking third among the 50 states in the number of jobs created. On a percentage basis (adjusting for the size of each state’s economy), Pennsylvania’s job growth was 1.2% — exceeding three-fourths of all states.

What Obama Should Say to the U.S. Chamber

President Obama addresses the U.S. Chamber of Commerce today as part of his post-election effort to improve relations with U.S. business.

What part of U.S. business does the Chamber represent? Mostly big business and corporate CEOs — people who make many millions, often without risking any of their own money. That’s the only way to explain that the extension of the Bush tax cuts for the very rich was the top Chamber priority last year — even though this won’t benefit the vast majority of businesses.

Syndicate content