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Posted inCT Viewpoints

On concessions deal: Why the same powerless position?

As Connecticut senators vote on a labor “concessions” deal, the irony is that even greater savings can be achieved without any deal at all. Gov. Dannel Malloy claims to have extracted $715 million in wage savings over two years through a “wage freeze.” Yet, without any deal, he could achieve $770 million in wage savings. The simple truth is that wages can only be raised by contract. No contract, no raises.

Posted inNews

The deal they couldn’t refuse–but did

As they say, “Everything’s been said and everyone’s said it”: Connecticut’s state workers were nuts to reject the deal offered by Governor Dan Malloy. Indeed, anyone who looked closely at the deal is doubly amazed, because it involved no genuine sacrifice: a two-year wage freeze (no pay cuts or unpaid furlough days) followed by three […]

Posted inNews

Phase 1 of federal health care: Congratulations, Republicans

The first major feature of Obama Care is being launched, high-risk health insurance pools, which cover citizens previously denied insurance due to prior conditions. Congratulations, Republicans! Yes, Republicans, because expansion of high-risk health insurance pools was the central element of the GOP’s common-sense alternative to the grandiosity of Obama Care, aka the Affordable Care Act […]

Posted inNews

Financial regulation bill is too big to succeed

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 is over 2,300 pages long. The Glass-Steagall Act, the landmark bank reform bill of 1933, was about 100 pages long. Less is more. Glass-Steagall gained strength from its simplicity. The 1933 Congress concluded that the combination of investment banking and commercial banking (and other […]