February 12, 2019 2:48 PM Grusendorf: 9 billion! Former Texas House Public Education Committee Chairman Grusendorf asks the following about new money for schools: “How will those dollars be distributed? What will Texas students gain in return?” A
huge bag of new money is being put on the table for public education. That is the signal currently coming from
state leadership. Many
in the school community are absolutely giddy. Nine billion dollars, as suggested by house
leadership, in new money for education would set an all-time
record for increased education spending.
Actually, both the house or senate budget
estimates would establish a new record for increased education spending. By Kent Grusendorf The rest of the story, subscribers only |
|
|
|
|
|
|
|
January 7, 2019 5:49 PM Grusendorf: Sunlight Ahead for the Great State of Texas
Former GOP House Chairman Kent Grusendorf weighs in on the changing of the guard in the lower chamber Texans are getting encouraging signals from incoming Speaker to be Dennis Bonnen that he is open to returning the office of speaker to a more traditional role –that of a presiding officer, not a commanding officer. This is a very encouraging signal for democracy coming from the new incoming speaker. At a recent event in East Texas, Bonnen was quoted as
saying: “It is not the speaker’s job to tell [house
members] the answer to the question. You might identify the question, but you
don’t provide the answer. You provide the leadership to ensure that we get to a
solution." That comment is a very good
signal for progress. By Kent Grusendorf The rest of the story, subscribers only |
|
|
|
|
|
|
|
January 3, 2019 4:05 PM Grusendorf: Fed up Former GOP Texas House chairman Kent Grusendorf argues that “if the federal government, through monetary policy, drugs the economy for an extended period of time, it must use an ultimate degree of caution when it manipulates the withdrawal.” Federal Reserve Chairman Jay
Powell is correct; interest rates have been far too low for far too
long. However, current Fed actions are
creating extreme havoc upon the US economy.
That is not unusual, as most modern recessions have been caused by poor
monetary policy implementation by the Federal Reserve. For
126 months, ten and a half years, the Fed did not raise interest rates. Yet, over the past couple of years they have
raised rates nine times. Additionally,
the FED is reducing its balance sheet by selling bonds. Both actions create a drain on liquidity
thereby slowing the economy. Timing
is everything. By Kent Grusendorf The rest of the story, subscribers only |
|
|
|
|
|
|
Copyright February 12, 2019, Harvey Kronberg, www.quorumreport.com, All rights are reserved 