Aug 26, 2009
Stimulus and the States

Photo by Flickr user Darren Hester
This is almost entirely wrong-headed: the point of stimulus aid to state and local governments isn't to save state and local government jobs. The point is to provide fiscal support so that states, which generally have to balance their budgets, don't make pro-cyclical spending/service cuts or have to enact tax increases during a recession.
![Unlikely Words [logo by Chris Piascik] Unlikely Words](/wp-content/images/headerimgs/UnlikelyLogo2.png)
Recent Comments