We Will Talk About Gun Control

I’m talking to you card-carrying NRA member or anyone who says “now is not the time to talk about gun control.” This is the standard refrain after each violent high-profile event involving guns. Quite honestly, I’m tired of hearing it.

• • •

Tax Revenue, Post-WWII, Averages 17.7 Percent Of GDP

In the years since World War II (1946-2011), federal tax receipts have averaged 17.7% of Gross Domestic Product (GDP). This is probably the best way to gauge the federal tax burden because it compares it to economic output. Since there are many arguments in and out of Washington D.C. about the effects of taxation on economic growth, it makes sense to directly compare the measure of taxation (total federal tax receipts) with the measure of economic output (GDP).

• • •

Eliot Spitzer – Number of the Day: New Roads Equals Two For One Bargain

If I’ve repeated one thing more than any other, it’s the need for increased infrastructure spending. And the reason is simple — upgrading America’s roads, bridges, rail, electrical grid, etc. makes for good use of public money. In the case of roads, we get better roads, more jobs and the economic impact could be immeasurable. Take for instance the highway system, and all the businesses that sprang up along highway exits, as well as all the business centers that could not exist without highway access. And all in just one lifetime.

• • •

New Jersey Bridge Collapse And Train Derailment Leads To Chemical Spill

Unlike global warming, where no single storm event can be directly attributed to a warming planet, we can directly attribute infrastructure failures with lack of public and political will. No, we do not know the exact cause of today’s train derailment and bridge collapse in Paulsboro, NJ, but we do know that events like this will become more common if we continue to allow America’s infrastructure to deteriorate. The bridge collapse and train derailment resulted in a chemical spill of vinyl chloride into the Mantua Creek. Over 70 people received medical treatment due to the spill.

• • •