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Rhode Island Tip Sheet: When the Ocean State compares favorably with DC dysfunction

November 21, 2011

STATE OF THE STATE: Ah, the irony. Rhode Island last week passed a pension overhaul that’s getting national plaudits while the DC Supercommittee –to the surprise of very few – can’t make a deal to cut the deficit. A brave new world of the Ocean State facing the state’s problems head-on? That might be a bit much to expect. But the pension overhaul is proof positive that Rhode Island can tackle a big issue when the right stars align. If you missed it last week, Ted Nesi had a fine analysis of how we got here.

STATE OF THE NATION: Senator Jack Reed tells me he’s hopeful Congress can reach an agreement to cut the deficit before automatic spending reductions kick in in 2013: “Whatever method you use, a joint committee or regular legislative order, you have to do what you did in the ’90s — reduce the deficit and provide a platform for growth.” Reed says the automatic cuts would stress all aspects of the defense budget, although he says it’s hard to predict how that would impact Rhode Island . . . . Politico has both parties bracing for “super fallout.”

CHAFEE: Governor Lincoln Chafee was not aware of “the 5.5 percent assessment amendment” when he signed the pension overhaul into law last Friday.

#RIPENCH: THE NEXT STEP: The Rhode Island State Investment Commission may vote Wednesday on an RFP for a firm to developed the defined contribution component of the new hybrid pension plan.

GREAT NORTH: Is Elizabeth Warren the natural heir of President Obama? Chris Cillizza ponders the question.

MEDIA: A Farleigh Dickinson study, as described by Poynter, finds “getting your information from Fox News is worse than not following news at all.”

RI MEDIA TWEETER OF THE DAY: Take a bow, Dan McGowan. He skillfully balances his dry sense of humor with a nose for news.

WHAT HAPPENED? A man arrested by Lincoln police is in a coma

BUY NOTHING: The annual anti-consumerist celebration is set for Friday.

BIRTHDAY: Mike Ritz.  

2 Comments leave one →
  1. Mister Guy permalink
    November 21, 2011 10:01 pm

    “Rhode Island last week passed a pension overhaul that’s getting national plaudits while the DC Supercommittee –to the surprise of very few – can’t make a deal to cut the deficit.”

    We’ll see how much praise there’ll be when large amounts of what was recently passed gets set aside by the courts a few years from now. As for the so-called “Supercommittee”, that was an inside-the-beltway creation that spawned from a completely phony debt ceiling “crisis” that was pushed mostly by Tea Partiers. Let them fail, and then let the so-called “sequestration” cuts come or not. The U.S. “defense” budget could deal with hundreds of billions of cuts will little real problem. The sky really isn’t failing…again…

    “Senator Jack Reed tells me he’s hopeful Congress can reach an agreement to cut the deficit before automatic spending reductions kick in in 2013″

    …because he knows that those mandatory cuts don’t come for more than a full year from now, which is yet more inside-the-beltway nonsense.

    “The Rhode Island State Investment Commission may vote Wednesday on an RFP for a firm to developed the defined contribution component of the new hybrid pension plan.”

    Why don’t they use whatever company is currently handling the voluntary state pension defined contribution system that’s already in place right now?

    “A Farleigh Dickinson study, as described by Poynter, finds ‘getting your information from Fox News is worse than not following news at all.’”

    We already knew this of course. Jon Stewart & many others have gotten it right on this issue…no apologies needed.

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