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20 February 2013

* “Looking solely at the federal budget, an elderly person receives close to seven federal dollars for every dollar received by a child.” I’ll repeat that: For every $7 the federal budget spends on an elderly person, it spends $1 on a child.” Discuss amongst yourselves.

* David Eggert of AP’s Lansing bureau reports on the changes on Michigan’s tax front as residents start filing their forms: “A refundable credit for low-income workers was reduced, impacting about 783,000 returns. Eliminated are state credits for city income taxes, college tuition, adoptions and donations to universities, public radio and TV stations, food banks and homeless shelters.

* A fascinating tale of the nature of the ketchup market: “They had been asking the wrong question. There was no such thing as the perfect Diet Pepsi. They should have been looking for the perfect Diet Pepsis. It took a long time for the food world to catch up with Howard Moskowitz. He knocked on doors and tried to explain his idea about the plural nature of perfection, and no one answered.”

* The term “universal” is something of a misnomer when applied to President Obama’s pre-K proposal, says The Atlantic’s Garance Franke-Ruta: “That said, the fine print shows that despite Obama’s call “to make high-quality preschool available to every child in America,” what he’s proposing is not really a universal program as much as a slate of initiatives to expand early options for children of the poor and lower middle class.”

* Do you have a great business idea for Michigan? Well, you have a day or so left to enter it in Greenlight competition: “The Greenlight Business Model Competition will bring together businesses that have been in existence for one year or less with new student run start-up ventures.”

* Matt Yglesias, writing about the minimum wage debate, advances another policy option: “The real policy mix you’re looking for is a blend of wage subsidies (to encourage work) and something like a Guaranteed Basic Income program that just hands out cash to people regardless of what they do.”

Can you imagine Michigan ever agreeing to something like a government check for able-bodied adults? Oh wait, the state used to have just such as program.

2 comments from Bridge readers.Add mine!

  1. Mary Ablan

    Yes, the federal government spends more on elders than children due to Social Security, Medicare, Medicaid, Veterans benefits, etc. But state and local governments spend more on children and little on the elderly.

  2. samover2013

    SPENDING on SENOIR and VETREANS..HMMMM if ti was NOT FOR SENIOR and VETREANS swallowing ALL THE PILLS that the doctors prescipt and following Doctors advise for this test and that test there would be no hospitals and doctors time in history have so many people been subject to MEDICIN and ITS HEALTING…at a cost payed In by the worker for over 40-50 years save with SS ..($1,5 Trillon was taken out of the socail security Surplus and used for the AIG and BANK bailout)..WE Senoir and vetreasn are being used by CONGRESS and the Lobbyist etc etc. Since non of US have getting better/heather or have giveing a LIVING PENSION/SS check //some of our Senior ONLY get $ 400 a month and DONOT qualiefy for FOODSTAMP/Snap or a new dress .a trip to the beautyshop or a Vacation. or to a DINNER sponsored by our CONGRESSMEN/Women ups i forgot ON vetreasn day 20 vetreasn where gien a trip to frantkenmuth with there congressperson..CONGRESS need to live up to the promise/BILl signed by PRESIDENT lyndon Bain JOHNSON i 1964 to stop”THE WAR ON PROVERTY” Americas longest WAR on its own PEOPLE.

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