BRACK: Boeing’s wild, blue yonder

By Andy Brack | This is just way too cool to not share with you:

Figured you would like the video, viewed about 7 million times, better than the column I was going to republish on budget reform. But if you really want to read about why South Carolina’s budget needs to be fixed, here’s an excerpt and link:

From Statehouse Report, 6/12: “State governments suffer from a disease similar to traditional Wall Street investment: a focus on the near term. South Carolina, despite its AAA credit rating, isn’t any different in this regard. Politicians, by their very nature, focus on the short term. They have to, in one sense, because they face voters every two or four years. So to get reelected, they either have to do something quickly — in the short term — or do little, which perpetuates a broken structure.

“What’s needed, according to a new report from former Federal Reserve Chairman Paul Volcker’s, is more of the kind of long-term approach favored by investors like Warren Buffett. If state governments really look at the long term, they’ll get off of the budgetary hamster wheel of moving from one shortfall to the next crisis.”