I'm originally from Michigan and it hurts to seem my home state going through the problems it faces. At the same time, as an economics teacher and as someone who has watched from afar as policy-makers try to ignore fundamental principles, it isn't surprising.
Consequently, part of me is impressed and part of me is depressed to point you to this post by Jason Welker on his blog. I met Jason face-to-face for the first time at the recent AP Economics Conference here in Richmond, and I enjoyed talking with him. It just confirmed what I knew from his blog - he knows his stuff and communicates it well. This post is worth your time, whether you teach AP, IB, or a basic survey course in economics.
I look forward to your comments.