There are 10,000 examples like this one, from Texas:
Leon Evans is used to doing more with less. But with the state facing an estimated $18 billion budget shortfall, even Evans is dreading the spending cuts to come. Evans runs the Center for Health Care Services, the local mental
Today, The Wall Street Journal reports that the Federal Reserve is looking at a symbolic policy change in light of the sagging recovery — something designed to restore confidence, rather than to attack primary problems like stagnant wages or high rates of joblessness.
Via Ezra Klein, Bruce Bartlett argues that state budget shortfalls and ensuing cuts to staff and services clearly cancel out the federal stimulus and that “economists will view this as a preventable error equivalent to the Fed’s passive shrinkage of the money supply in the early 1930s.”
He More…
Here’s a profound idea from California GOP Gov. Arnold Schwarzenegger, who went after congressional Republicans yesterday for criticizing the Democrats’ stimulus bill one moment, then taking credit for the money the legislation is providing their districts the next. From ABC’s “This Week:”
I find it interesting that you have
As we’ve written here before, Medicaid funding is a tricky business, not least of all because program enrollment always jumps in times of economic turmoil, when state budgets are least able to absorb the additional costs.
In recognition of that flawed formula, Congress last year provided More…
Trapped in a deepening fiscal quagmire, California Gov. Arnold Schwarzenegger (R) has proposed a budgetary shift that could jeopardize federal stimulus funding for education, the San Francisco Chronicle reports.
Although $10 billion in stimulus funds for education has been granted to the state, those funds come with More…
The Center on Budget and Policy Priorities, a liberal policy analysis group, just issued its take on the recent GOP suggestion that states should be given loans, not grants, as part of the Democrats’ soon-to-be-unveiled stimulus package. A point we missed earlier: Because 49 states have some form of More…
Last week, we wrote about the budget troubles facing states in this sputtering economy, with nearly half of them already proposing or enacting cuts to Medicaid. The reason is clear: 49 states have some form of legal balanced-budget requirement, and Medicaid, which is paid with a combination of state More…
As the banks go national and Wall Street goes loco, states are increasingly feeling the pain of the economic turmoil.
Twenty-one states and the District of Columbia now face budget shortfalls totaling $8.9 billion this fiscal year, according to an analysis released this month by the Center on Budget More…
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