Recession Coming? GOP passing Dems on education, Arena deal shaky, and Dems losing key demographics
Celine, Usher, Katy Perry and...?
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Today’s topics:
Post Redistricting General Assembly at Crossover (smidgen past halftime)
The politics of legislating in this new populist era (Arena deal)
POTUS 2024 moves into General Election mode
Gallup Polling shows major cultural shifts
Okay…back to the grind:
Must Read article by RTD’s Michael Martz on the coming Biennial Budget battle
Ran it through Claude AI for a summary: emphasis added
• Virginia lost 11,800 jobs in December, first decline in 14 months
• Estimated income tax payments fell sharply by 27.5% in January
• Sparks worries of potential collapse in capital gains/business income taxes
• Comes just before General Assembly money committees release budget proposals
• Gov. Youngkin not revising revenue forecast he used for proposed budget
• Means budget writers will not have additional funds available
• Biggest concern is final quarter payments due May 1 as signs point to recession
• But state revenues still $420M above forecast through January
• Youngkin budget assumes mild recession beginning in April
• Conflicting economic signals make outlook uncertain
• Inflation persisted in January despite Fed interest rate hikes
• House Speaker removed senior GOP appropriations member Barry Knight
• Revenue situation puts focus on finding money for education, other priorities
Polling from Democrats for Education Reform:
Virginia House vote on Arena deal:
Final tally 56-43 before it goes to Senate where it didn’t get a vote in committee:
POTUS 2024 Graphics:
Gallup Polling Showing Dramatics Shifts:
Click here to see the #1 song in the country this date in 1984
This was #1 in 1994:
Next week in 2004, the #1 song was:
And #1 from this week in 2014?