Read this.
In short, there are only three ways out:
1) Rapid economic growth balances state budgets
2) States make dramatic spending cuts and/or tax hikes
3) Additional federal stimulus (eg, ARRA)
Hmmm... What do we have behind door #2?
Thursday, July 1, 2010
More State Doom and Gloom
This blog was not supposed to be solely about state finances but the situation is so overwhelming and dire that I cannot help comment.
Read this.
In short, there are only three ways out:
1) Rapid economic growth balances state budgets
2) States make dramatic spending cuts and/or tax hikes
3) Additional federal stimulus (eg, ARRA)
Hmmm... What do we have behind door #2?
Read this.
In short, there are only three ways out:
1) Rapid economic growth balances state budgets
2) States make dramatic spending cuts and/or tax hikes
3) Additional federal stimulus (eg, ARRA)
Hmmm... What do we have behind door #2?
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