Imagine sitting down to write a term paper or thesis, then releasing the first draft of the paper not only to your professor but to a worldwide audience. Now imagine your paper contains instructions for allocating billions of tax dollars to a bunch of different groups. You can start to understand what Colorado state senator Michael Johnston (D-Denver) feels like after releasing a draft of legislation to rewrite the state's 19-year-old School Finance Act. In the funny game of democratic politics, is it better to make a bold push in one direction, or to try to bring diverse interests together around a "Grand Bargain"? When it comes to Johnston's monumental effort, the question is being played out before our eyes. The idea is to tie "bold" … [Read more...]