A chief criticism of the $787 billion economic stimulus bill, enacted in February, was that too large a portion went to tax cuts in lieu of spending. Critics, including some conservative economists, argued that people would simply save that money, rather than spending it to stimulate the economy. More…
Homeland Security Secretary Janet Napolitano’s comments to reporters yesterday that the economic downturn could pose a substantial hurdle to passing immigration reform legislation this year suggests that the Obama administration (and Congress) may be more influenced by politics than economic reality.
No one’s been following the budget crunch facing states more closely than the Center on Budget and Policy Priorities, and today they’ve released more bad news: In the middle of the economic downturn, 43 states are facing funding shortfalls in 2009 and/or 2010.
Because most states are legally More…
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