Man Without Qualities


Monday, January 05, 2004


Regulation As State Expenditures

The New York Times runs an article lamenting the inability of States to increase their spending as much as some politicians would like. The article is a typical piece of Times spin, and most of it is hardly worth the effort to read. But it is interesting as a specimen of a current liberal mind set. Consider these passages from the article:

Over the past three years, total spending at the state level rose, at most, by one-half percent, a marked change from the record of the previous 25 years, in which spending growth averaged 6.5 percent a year. .... In California, state general fund spending in the current fiscal year, which began July 1, is projected to fall to $73 billion from $78 billion the previous year. This week, Gov. Arnold Schwarzenegger will present a budget for the coming fiscal year that must address a projected shortfall of at least $14 billion. ... California has coped with its fiscal crisis with one-time budget gimmicks and deep cuts in spending on higher education, health care and numerous programs, from parks to the arts.

Even assuming these passages are factually correct, they are in some senses rather seriously misleading. Costs imposed by state regulation are for most purposes economically interchangeable with increased state spending. If one includes such regulatory costs, California's (for example) expenditures will probably continue to soar in 2004 - a year in which the Times focuses only on the decline in cash outlays. For example, in October Gov. Gray Davis signed a bill requiring many companies to provide health insurance for their employees or pay a fee into a state fund that will provide coverage for the workers. The costs have yet to be determined (or admitted), but very conservative estimates put the cost at $1,300 to $3,500 per employee annually, for each of the One Million employees covered. So what one might call "state regulatory expenditures" under this one law are very conservatively between $1.3 Billion and $3.5 Billion annually. That's quite a substantial de facto state expenditure increase for a state with that looming $14 Billion budget "shortfall" the Times laments. The theory seems to be that a direct state tax to pay for this program would cause the state to erupt and damage its economy, but if the same economic consequence is disguised and relabled as regulation those consequences can be avoided. So goes a major current liberal mindset: Word magic will set you free from economic realities and their political consequences. Unsurprisingly, an effort being made to repeal the law by referendum has already garnered over 600,000 signatures and is tied up in the courts.

This new health insurance law - which took effect January 1, along with about 900 other new laws passed by the state Legislature in 2003 - is by no means the only example of wildly escalating regulatory expenditures. One such new law was supposed to help control soaring workers compensation premiums, which are widely cited as the biggest burden to business in California. But that law is completely ineffectual - and the insurance companies have already indicated the law will result in essentially no reduction in premiums. Regulatory expenditures from the state- mandated workers compensation program will continue to rise dramatically unless something more is done.

In addition (but by no means in conclusion), on July 1 California will become the only state to provide paid family leave to workers for up to six weeks to care for an ill family member or a new child. The six weeks leave will be available every 12 months, regardless of a company's size. Employees payroll taxes for the state disability insurance program will rise by 0.08% or a maximum of $56 annually to pay for the program - such taxes are nominally assessed on employees, but like all such taxes are just another expense to the employer. Employers will be also be obligated to swallow the resulting lengthy worker absences. For all that, the payroll tax hike probably won't be enough to pay for the benefits and will lead to financial trouble for the disability insurance program - which is already overburdened and plagued by widespread fraud.

One could go on and on.

Do all these costs create more unemployment in California? Well, some indication of their combined effect can be gleaned from the fact that California's unemployment insurance trust fund has become so depleted that the state is seeking a $1.3-billion federal loan to prop it up.

I have noted in prior posts the anti-tax-cut crowd's complaint that the recent public income tax-cut discussion should never have focused on the laws effects on people who pay income taxes. Instead, that crowd (including, of course, Herr Doktorprofessor Paul Von Krugman) insists that the public discussion of a law reducing income taxes must always be couched in terms of people who pay any federal taxes. To do anything else, they and Herr Doktorprofessor maintain, is a lie. The huge expenses imposed on the economy by regulation are economically equivalent to "hidden" taxes and expenditures. But the anti-tax-cut crowd never want those hidden costs and taxes included in tax cut debates. In fact, all efforts even to formulate "regulatory budgets" accounting for the costs imposed by regulation are savagely opposed by the anti-tax-cut crowd.

MORE: Thomas Sowell has lots more on California's ongoing regulatory immolation of its own economy.

Comments:
buy valium online valium online au - valium diazepam cats
 
tramadol online how to buy tramadol online overnight - 200 mg tramadol overdose
 
buy tramadol tramadol hcl for pain - tramadol 50 mg slow release
 
tramadol online cod buy tramadol online from usa - tramadol pill identification 627
 
buy tramadol next day order tramadol 180 - buy tramadol no rx
 
ativan online ativan uses more drug_uses - where can i buy ativan online
 
buy generic tramadol online tramadol for dogs panting - tramadol high good
 
buy tramadol saturday delivery what is the difference between tramadol and tramadol ultram - tramadol 50 mg for toothache
 
buy ativan online ativan overdose long term effects - possible overdose ativan
 
buy cheap klonopin 2mg klonopin xanax - klonopin side effects impotence
 
tramadol online buy 180 tramadol online - tramadol 50mg withdrawal
 
cheap klonopin online klonopin prn - day 5 klonopin withdrawal
 
ativan medication ativan dosage for sleep - ativan dosage usage
 
buy generic tramadol no prescription tramadol dosage high - order tramadol for dogs
 
buy tramadol online no prescription cheap buy tramadol overnight delivery no prescription - tramadol de 100 mg
 
generic ambien ambien cr lethal dosage - ambien side effects memory
 
buy clonazepam online klonopin side effects blurred vision - klonopin for recreational use
 
buy ativan online what are ativan withdrawal - ativan ep 905
 
buy tramadol tramadol withdrawal exhaustion - tramadol interactions
 
buy tramadol india buy tramadol 200mg - tramadol for dogs with arthritis
 
buy tramadol 180 tramadol 50mg buy online - best online pharmacy tramadol
 
buy generic klonopin buy klonopin 2mg - klonopin withdrawal + weight gain
 
buy tramadol mastercard buy tramadol online safely - tramadol hcl 50 mg webmd
 
buy tramadol online tramadol hcl dogs - tramadol hcl overdose
 
generic ambien online ambien side effects libido - ambien cr 12.5 dosage
 
buy tramadol online tramadol online overnight cod - buy tramadol paypal
 
cheap soma online soma muscle relaxer back pain - buy soma pills
 
buy tramadol with paypal tramadol no prescription 100mg - how to purchase tramadol online
 
buy tramadol buy tramadol er - order tramadol online
 
ambien for sale no prescription canadian pharmacy ambien no prescription - ambien sales 2008
 
tramadol online tramadol acetaminophen high - tramadol overdose mg
 
order klonopin no prescription klonopin dosage for seizures - klonopin drug overdose
 
buy tramadol online tramadol hcl ultram 50 mg - tramadol hcl gluten
 
buy cheap ambien buy ambien cr 12.5 - ambien side effects if you stay awake
 
cheap generic soma best online pharmacy soma - cheap lunch soma san francisco
 
buy ativan online ativan withdrawal 1 mg - ativan withdrawal signs
 
buy tramadol 100mg buy tramadol online safe - tramadol is the generic of what
 
generic tramadol online tramadol 75 mg - tramadol dosage side effects
 
tramadol 50mg tramadol hcl ultram 50 mg - buy viagra tramadol
 
buy klonopin online klonopin 2mg price on the streets - klonopin withdrawal headache
 
ambien online ambien side effects dreams - buy ambien from india
 
tramadol online high on tramadol - buy tramadol uk pharmacy
 
ambien order ambien show on drug test - insomnia even with ambien
 
ativan pills ativan webmd - ativan visual side effects
 
buy tramadol online with mastercard tramadol manufacturer - tramadol for dogs reviews
 
buy discount tramadol tramadol classification - buy tramadol soma
 
buy klonopin online gi side effects klonopin - klonopin social anxiety reviews
 
buy tramadol online tramadol hcl hydrocodone - how much tramadol dosage
 
ambien pharmacy ambien 10mg hallucinations - ambien and alcohol combination
 
buy soma buy somatropin in usa - soma zangiband
 
buy tramadol without rx order tramadol saturday delivery - buy tramadol 100mg online
 
ativan for sale lorazepam 1mg tab - ativan dosage hours
 
buy tramadol tramadol overdose cats - neurontin and tramadol high
 
best buy tramadol tramadol online cod overnight - buy tramadol online
 
buy tramadol next day tramadol hcl for toothache - buying tramadol with mastercard
 
buy viagra professional online buy generic viagra online uk - viagra quotes
 
order viagra online overnight cheap viagra australia - cheap viagra for sale online
 
viagra online buy viagra online next day delivery - viagra buy online no prescription uk
 
cheap klonopin online klonopin quitting - long term use of klonopin for anxiety
 
buy tramadol overnight buy tramadol online utah - tramadol online reliable
 
buy viagra online buy viagra online cheap no prescription - buy viagra online legit
 
buy viagra professional safe buy viagra online canada - how can i buy real viagra with no prescription
 
buy tramadol online cod tramadol hcl breastfeeding - buy-tramadol.info
 
buy ambien online no prescription ambien side effects 10mg - ambien walrus generator
 
zolpidem without prescription ambien blue pill - ambien side effects next day nausea
 
buy viagra from canada viagra how it works - online pharmacy viagra no prescription
 
viagra online viagra online to canada - can u buy viagra canada
 
buy tramadol next day buy tramadol online for cheap - really cheap tramadol
 
buy ambien online overnight delivery zolpidem pill markings - how to buy ambien online
 
order klonopin online klonopin side effects with pregnancy - symptoms of klonopin overdose
 
buy soma online much 350 mg soma - soma drug test
 
order viagra with mastercard where to buy viagra online yahoo answers - viagra testimonials
 
cheap sildenafil viagra dosage vs cialis - cheapest generic viagra 100mg
 
buy viagra online no rx can you buy generic viagra uk - buy viagra online from canada
 
buy generic ambien proper dosage ambien - buy cheap ambien online no prescription
 
buy klonopin online how much klonopin and alcohol will kill you - klonopin kidney stones
 
ambien buy ambien brand name drug - drug schedule for ambien
 
order klonopin online klonopin overdose symptoms - klonopin e 64
 
cheap viagra 100mg buy viagra online illegal - generic viagra 50mg price
 
order viagra generic viagra pfizer - where to buy cheap viagra online
 
cialis online cialis trial - buy cialis uk no prescription
 
sildenafil online cheap generic viagra online uk - order viagra in uk
 
cialis no prescription buy cialis safely online - cialis daily use review
 
buy viagra online no rx order pink viagra online - viagra in the water
 
buy cheap soma buy soma online with mastercard - soma bloomington
 
buy tramadol india tramadol hcl mode of action - tramadol death by overdose
 
buy viagra online can i buy viagra at rite aid - viagra online real
 
buy generic tramadol no prescription discount tramadol no prescription - tramadol ultram lawsuit
 
soma online how to order soma online - generic soma for sale
 
buy viagra pills buy viagra with discover card - viagra online store review
 
buy viagra online viagra me buy online - order viagra in canada
 
buy tramadol cod overnight buy tramadol online checking account - buy tramadol online no prescription usa
 
buy viagra online viagra online lloyds - ordering viagra online in canada
 
cialis medication cialis циалис tadalafil - buy cialis online in south africa
 
buy viagra online viagra 99.00 - cheap viagra co uk
 
buy tramadol cod fedex medicamento tramadol 100mg - tramadol street price
 
tramadol online overnight generic tramadol buy - online purchase of tramadol
 
cialis medication buy cialis online fast - where to order cialis europe
 
buy viagra cheap viagra pills online - viagra buy perth
 
buy viagra online buy-genericviagra.com - generic viagra dangers
 
propecia online cheap propecia prescription - propecia side effects serious
 
buy viagra generic viagra buy online - generic for viagra 2011
 
cialis online cialis online miglior sito - super cialis cheap
 
cheap generic viagra viagra online canada no prescription - how to buy viagra online canada
 
buy generic tramadol online tramadol 50mg vs 100mg - can get tramadol online
 
propecia online generic finasteride good propecia - generic finasteride
 
buy tramadol online buy tramadol from thailand - tramadol hcl 50 high
 
order tramadol online without prescription tramadol 50mg pl - tramadol overdose
 
buy tramadol next day buy tramadol online from usa - legit online pharmacy tramadol
 
buy tramadol no rx can you buy tramadol online no prescription - just pills order tramadol online
 
buy tramadol with mastercard buy tramadol online cash delivery - tramadol overdose with alcohol
 
buy real cialis online can you buy cialis online in australia - cialis online paypal payment
 
order generic viagra cialis vs viagra dosage - viagra for sale
 
cialis online buy cialis online pay with paypal - cialis что это
 
propecia mg propecia coupon drugstore.com - what does generic propecia look like
 
buy generic tramadol no prescription tramadol vs hydrocodone dosage - tramadol rx purchase
 
tramadol online tramadol ultram narcotic - cheap tramadol online cod
 
buy strattera online strattera schedule 2 drug - strattera diet pills
 
tramadol online buy generic tramadol online - cheap tramadol online overnight delivery
 
buy tramadol online without a prescription tramadol ultram medication - tramadol hcl get you high
 
order finasteride will there generic propecia - propecia ed
 
buy tramadol ultram online without rx - tramadol 50mg tablets dosing
 
purchase strattera strattera 40 mg side effects - strattera side effects heartburn
 
tramadol 50mg order tramadol online cheap - buy tramadol legally online
 
generic tramadol online tramadol 100 mg ratiopharm - tramadol 25mg
 
order propecia online buy propecia online in the uk - buy propecia at walmart
 
buy tramadol free shipping tramadol online pharmacy no prescription - can tramadol overdose do you
 
buy propecia online propecia use in women - propecia cost per year
 
buy strattera strattera side effects for adults - strattera how fast does it work
 
buy tramadol online tramadol 800mg - tramadol 911
 
tramadol 50 mg how to order tramadol - tramadol 50mg side effects on dogs
 
buy tramadol online with mastercard buy generic tramadol online - tramadol 50 mg like vicodin
 
buy tramadol online no prescription tramadol hcl breastfeeding - tramadol withdrawal 2011
 
buy strattera strattera drug reaction - strattera and wellbutrin
 
buy tramadol online tramadol hcl compared to vicodin - tramadol for dogs same as for people
 
buy tramadol online tramadol renal dosing - tramadol for dogs side effects panting
 
tramadol online 4 50 mg tramadol - tramadol online doctor consult
 
atomoxetine no prescription strattera erowid vault - strattera side effects wear off
 
tramadol 50mg buy tramadol hydrochloride online - what is tramadol sr 100mg
 
tramadol 50 mg buy tramadol online cod no prescription - tramadol 50 mg tablets
 
buy tramadol tramadol online pharmacy no prescription needed - tramadol hcl monograph
 
buy tramadol online cod tramadol hcl urban dictionary - cloridrato de tramadol 100mg
 
finasteride no prescription order propecia no prescription - propecia cost duane reade
 
tramadol 50mg generic drug for tramadol - purchase of tramadol
 
order tramadol tramadol buy no prescription usa - tramadol online with cod
 
buy discount tramadol tramadol for dogs with kidney disease - tramadol for dogs uses
 
tramadol 50 mg buy tramadol direct - tramadol 50 mg biogaran
 
cheap generic propecia generic propecia - order propecia
 
order tramadol tramadol online no rx - tramadol dosage per kg
 
tramadol buy tramadol 50 mg recommended dose - tramadol 50mg tab
 
buy tramadol online reviews tramadol for dogs with arthritis - tramadol 100 mg street value
 
buy strattera online strattera urine drug screen - beginning dosage strattera
 
cheapest viagra is there a generic viagra yet - viagra online dr. fox
 
tramadol online tramadol legal to order online - tramadol 50 mg effects
 
tramadol online generic tramadol for dogs - cheap tramadol with cod
 
tramadol 50mg tramadol dosage 50 lb dog - tramadol 50 mg how many get high
 
viagra online without prescription buy viagra dubai - is the viagra you buy online real
 
tramadol online tramadol tablets - buy tramadol hcl
 
discount viagra buy viagra fast delivery - generic viagra made in usa
 
viagra online without prescription generic viagra online next day delivery - viagra generic
 
cheap viagra buy viagra tesco - is ordering viagra online legal
 
generic cialis cialis daily use effective - buy cheap cialis no prescription
 
buy cialis cialis sample coupon - cialis 10mg price
 
buy tramadol ultram for sale online - tramadol online pharmacy canada
 
order tramadol buy tramadol no prescription cod - tramadol much get high
 
viagra online without prescription generic viagra best price - is it dangerous to buy viagra online
 
viagra sildenafil purchase viagra cialis - viagra online australia net
 
generic cialis how buy cialis online - buy generic cialis online
 
cialis online pharmacy price for cialis - cheap real cialis
 
generic viagra cheap viagra jelly us - cheap viagra online canadian
 
buy viagra real viagra online canadian pharmacy - buy viagra online safely
 
viagra online without prescription viagra online japao - where to purchase viagra in australia
 
sildenafil citrate buy viagra cialis online us - purchase viagra in melbourne
 
generic cialis online generic cialis oral jelly 5mg - cialis price compare
 
viagra 50mg buy viagra manchester us - where do buy viagra
 
order cialis side effects cialis daily use - 40 mg cialis reviews
 
viagra online without prescription viagra online at - order viagra cialis online
 
order viagra online viagra dosage altitude sickness - buying generic viagra online reviews
 
order viagra buy viagra online illegal - viagra zararlar?
 
generic cialis cialis reviews photos - buy cialis with no prescription
 
viagra online without prescription buy viagra with mastercard - viagra for women more drug_uses
 
cheap viagra order viagra generic - viagra dosage tips
 
viagra online without prescription buy viagra online south africa - buy viagra brand online us
 
viagra online without prescription viagra online buy us - order viagra online us
 
viagra online without prescription cheap viagra buy us - viagra use in women
 
generic viagra buy genuine viagra online us - viagra dosage for altitude sickness
 
discount viagra generic viagra online pharmacy - can legally buy viagra us
 
cheap viagra order viagra tesco - generic viagra experience
 
buy cialis buy cialis online in new zealand - cialis reviews
 
tadalafil 20mg buy cialis cheap prices fast delivery - cheap cialis from china
 
buy cialis generic cialiscoupon.com - order cialis online reviews
 
buy soma online buy soma online overnight delivery - how to buy somatropin injection
 
purchase soma buy soma overnight shipping - generic brand of soma
 
buy cialis buy cialis online safely - generic cialis walmart
 
cialis online generic cialis online uk - order cialis cheap
 
viagra online cheap generic viagra online us - buy viagra quick delivery
 
buy cialis order cialis online reviews - cialis daily use buy online
 
viagra online does viagra work in women - buy viagra cheap online no prescription
 
buy tramadol online tramadol 50 mg dose for dogs - tramadol withdrawal peak
 
cheapest cialis generic cialis 60 mg - cialis daily buy
 
Post a Comment

Home