February 12, 2019      2:48 PM

Grusendorf: 9 billion!

Former Texas House Public Education Committee Chairman Grusendorf asks the following about new money for schools: “How will those dollars be distributed? What will Texas students gain in return?”

A huge bag of new money is being put on the table for public education.  That is the signal currently coming from state leadership.

Many in the school community are absolutely giddy.  Nine billion dollars, as suggested by house leadership, in new money for education would set an all-time record for increased education spending.  Actually, both the house or senate budget estimates would establish a new record for increased education spending. 

By Kent Grusendorf

January 7, 2019      5:49 PM

Grusendorf: Sunlight Ahead for the Great State of Texas

Former GOP House Chairman Kent Grusendorf weighs in on the changing of the guard in the lower chamber

Texans are getting encouraging signals from incoming Speaker to be Dennis Bonnen that he is open to returning the office of speaker to a more traditional role –that of a presiding officer, not a commanding officer.  This is a very encouraging signal for democracy coming from the new incoming speaker.

At a recent event in East Texas, Bonnen was quoted as saying:  It is not the speaker’s job to tell [house members] the answer to the question. You might identify the question, but you don’t provide the answer. You provide the leadership to ensure that we get to a solution."  That comment is a very good signal for progress.

By Kent Grusendorf

January 3, 2019      4:05 PM

Grusendorf: Fed up

Former GOP Texas House chairman Kent Grusendorf argues that “if the federal government, through monetary policy, drugs the economy for an extended period of time, it must use an ultimate degree of caution when it manipulates the withdrawal.”

Federal Reserve Chairman Jay Powell is correct; interest rates have been far too low for far too long.  However, current Fed actions are creating extreme havoc upon the US economy.  That is not unusual, as most modern recessions have been caused by poor monetary policy implementation by the Federal Reserve.

For 126 months, ten and a half years, the Fed did not raise interest rates.  Yet, over the past couple of years they have raised rates nine times.  Additionally, the FED is reducing its balance sheet by selling bonds.  Both actions create a drain on liquidity thereby slowing the economy.  

Timing is everything.  

By Kent Grusendorf