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In fact, it seems a bit hard to believe.Gib Metcalf makes the case.The Obama administration has just released the Mid-Session Review of the Budget.)USA Today joins the club. If kindergarten teachers matter as much as this new research suggests, then you would think that parents would have a large influence on their kids' adult outcomes. But much research in behavioral genetics finds very little evidence for significant parental effects. Unemployment is projected to fall steadily, reaching to 5.4 percent of GDP over the ten-year budget window.A friend of mine who is an editor read the Solow piece I posted yesterday and emailed me this comment:I was particularly interested to read the following sentence:"But this is not a bad FIRST APPROXIMATION in many cases..) So I am puzzled. (He suggests that club members email their support for higher Pigovian taxes to the National Commission on Fiscal Responsibility.New research on the value of kindergarten teachers is remarkable. What does the document show? Based on a quick read, here is what I see:The Administration believes we will have real growth about 4 percent over the next four years.Deficits are projected to shrink but will not fall below 3.The document once again holds out the hope that the fiscal commission will save the day by somehow finding a way to put the budget on a sustainable path. After all, you spend a lot more time with your parents than in your kindergarten