Cig tax spin gets sillier

The Lexington Herald Leader has shifted its full-court press on a cigarette tax increase by suggesting we should do it because other states are doing it. Today’s spin involves South Carolina:It’s interesting that the South Carolina news story linked to in the Herald Leader item doesn’t mention Gov. Mark Sanford vetoed a cigarette tax increase…

Old news made new again

The Louisville Courier Journal is catching up to the Bluegrass Policy Blog on the state public employee benefits disaster story. Sort of. In today’s paper, an article about state pensions starts like this: “The funding shortfall facing the public employee and teacher retirement systems has grown by roughly $3 billion in the past year, according…

Step one: assume a spinning economist

Harvard Economics prof Greg Mankiw says President-elect Barack Obama’s incoming chief economist assumes in her economics models now that increased government spending has a much larger positive economic impact than tax cuts do. That’s interesting, Mankiw points out, because in March 2007 report she did at UC Berkeley, she came to the opposite conclusion: “That…