Friday, September 20, 2019

#TXLEGE: "Times"

"The wisdom of the prudent is to understand his way,
But the folly of fools is deceit."
Proverbs 14:8

A subtle, but insidious, sleight of hand:


It's a single word...that means everything.

The relevant standard is not population growth "times" inflation.  It's population growth PLUS inflation.  Addition, NOT multiplication.

When measuring spending, the rate of population growth PLUS the rate of inflation yields a meaningful number: The amount of total spending that will keep spending per person constant.

Population growth "times" the rate of inflation, by contrast, means nothing (*).  It sounds good, but it's completely worthless.  It's a form of gaslighting beloved by scoundrel politicians.

Apparently, Texas' GOP 'leadership' has now adopted the so-called "times" standard.

Bottom Line: If you're looking for an example of how indefensibly corrupt and intellectually bankrupt the GOP in Texas has become, I can't think of one much better.


* -- Except to give politicians excuses to spend.

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