Sure, the revenue plan in Harrisburg is two months late. Yes, Congress is paralyzed by dysfunction and the President is Tweeting non-stop. But take heart, friends: football is back!
In this week’s version of “My dad can beat up your dad!” we give you the ongoing escalation in tensions between the U.S. and North Korea, with Kim Jong Un and Donald Trump playing the roles of schoolyard combatants. The thing we found most odd about the entire ordeal is that everything jumped up a notch only when we discovered that North Korean missiles COULD, MAYBE, POSSIBLY hit the mainland United States. I guess up to this point, Hawaii and Guam were kinda on their own?
Early this week, Senate Majority leader and quintessential southern gentleman Mitch McConnell mused that perhaps the problem Congress faces is that the President has, in his words, “excessive expectations.” We are gonna give you a few minutes to guess how President Trump responded to that theory. Go ahead, we will wait.
Trump then took to Twitter and unloaded on McConnell, telling him in no uncertain terms to get back to work as he hit his approach shot to the 14th hole. Attacking your own party’s Majority Leader is an interesting legislative strategy to be sure.
A poll was released this week showing the 60% of Americans would prefer that everyone just go ahead and shut the hell up about Obamacare and find another problem to talk about. We nominate infrastructure funding.
Camp Hill’s own Jeffrey lord was sacked by CNN last night after his own Twitter feed was found to have some “Sieg Heil!” stuff on it. Lord responded by saying he was making fun of Nazis, CNN said they don’t want any Nazi stuff laying around, and we all wondered why the heck we are having a discussion about Nazis in 2017.
Back in Pennsylvania, a group of business-types are now girding for war against the Senate version of the budget revenue plan due to its reliance on energy taxes. It seems that energy users do not like energy taxes. We would be interested to know if property owners feel the same way about property taxes, or income earners about income taxes. DM us if you have any idea.
Regardless of whose ox ends up being gored around here, Governor Tom Wolf this week urged the House of Representatives to bring it on back to Harrisburg and get the spending side of the budget equation wrapped up. The House responded by announcing it will return immediately to…nah. Just kidding. https://www.wtae.com/article/gov-wolf-on-unbalanced-budget-waiting-for-house-to-get-back-to-work-hoping-they-finish-job-as-soon-as-possible/11649888
Speaking of taxes, a study was released this week showing that soda in Philadelphia is now taxed at twenty-four times the rate of beer. We know what we are drinking next time we go to Philly.
States across the nation are taking advantage of the country’s favorable economic conditions to replenish their Rainy Day Funds, we found out this week. Pennsylvania, you will be shocked to learn, is not one of those states. It apparently hasn’t stopped raining here since the 1990s.
In fact, we were given yet another warning by the State Treasurer this week that the Commonwealth’s checkbook is gonna be empty at the end of August. Our Treasurer is becoming the state’s very own Eeyore.
Ride sharing companies like Lyft and Uber are starting to take a serious toll on the finances of the Philadelphia Parking Authority, leading some in the city to ponder what might be next. Lack of revenue, escalating expenses…sounds kinda familiar.
The State Employee Retirement System earned 6.5% on their investments, they told us this week. SERS was generally pleased, while some outside fund managers were more in the “sky is falling” camp. The bottom line here is that it took the General Assembly a decade to do pension reform, so don’t even bother asking for more right now.
Our good friend former Governor Tom Ridge weighed in this week with an opinion piece on why Pennsylvania must work to keep nuclear energy a strong part of our portfolio. You should check it out if you like to use electricity.
President Trump this week announced that the current opioid crisis has now reached a level of national emergency. His statement was warmly welcomed by our own Governor Tom Wolf. When two officials who can’t agree if the sun rises in the east come together, you know the issue is serious.
As if Pittsburgh was not already cool enough, it was announced this week that the American Cheese Society will hold its annual conference in the Steel City at some point next year. On a related note, Triad’s entire staff will be in Pittsburgh at some point next year.
On the other side of the state, candidates in Philly are already lining up against incumbents for the 2018 election cycle, proving once again that elections don’t ever really end in that city; they just take a breather.
In our We Can’t Make This Up section this week, we take you to California, where a man is suing Heineken after claiming he found two dead geckos in the bottom of his 24-ounce can of suds. This is no way to celebrate International Beer Week, people.
That’s what passes for news around here is we finish up work on the Triad underground bunker! Come back and visit us next week and we will give you a tour! From all your friends at Triad, have a great weekend!