Quote:
Originally Posted by Tyrone Slothrop
There wasn't nearly enough of this kind of aid, for the wrong reasons. If they do this, federal legislators take the political hit and state government gets the benefit, and this is an especially bad idea if you're worried about governors running for the Senate.
On net, the federal stimulus has only offset cuts in state and local government. If people think the Keynesian approach to the recession hasn't worked, they're confused -- it hasn't been tried yet. And by and large, state and local governments aren't raising taxes, they're cutting spending. So the worry about continually rising taxes choking the economy is a chimera.
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But you haven't seen Sebby's property tax bill--it's higher than last year, even tho his house is worth less. Mine will be, too, when the bill comes out 3 weeks after the election--about 10 weeks late.
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