Why It Makes No Sense for States to Cut Services and Raise Taxes Now
April 09, 2009 at 15:34 PM EDT
With the real economy continuing to shrink, and unemployment now claiming almost one out of six American workers, the economy will almost surely be more than $1 trillion short of its capacity this year, and another $1 trillion short next year. That means the $787 billion stimulus package covering 2009 and 2010 won’t nearly do [...]
