Weekly Update from the
Josiah Bartlett Center
Keeping you up to date on our latest research
on the issues impacting New Hampshire
The music for the Washington fiscal cliff debate ought to be that written by Sergei Prokofiev for his “Tale of the Buffoon who Outwits Seven Other Buffoons.” Hard to believe he hadn’t of the fiscal cliff when he wrote it... Click here to keep reading.
Rail Back on Track in NH?
The Trillion Dollar Coin and the Debt Limit
Would it be Possible and is it Legal?
With the US Treasury rapidly closing in on another debt limit ceiling, the idea of minting trillion dollar platinum coins to get around Congressional approval of a debt limit hike has gained some steam in the pundit world and with the public at large. It has even spawned the twitter hashtag #mintthecoin and a White House petition in support of the proposal... Click here to keep reading
Would Cost $270 Million
Wednesday’s approval by the Capital Budget Overview Committee to fund a transportation study of the Capitol Corridor has revived hopes of commuter rail in New Hampshire. The Corridor project, if completed in its entirety, would see passenger rail service run from Concord through Manchester and Nashua, continuing south into North Station in Boston.
The project in terms of costs can divided roughly into four segments, totaling roughly $270 million from various sources... Click here to keep reading.
Last week the Bureau of Labor Statistics released its monthly jobs report for December, which showed that the unemployment rate remained unchanged at 7.8%. The BLS also revised the November rate upwards to 7.8% from 7.7%. Establishment Survey (i.e. employer) data showed that roughly 155,000 jobs were created. Click here to keep reading.