Hm. Who'd have thought.

[Cali Coug]

http://www.usatoday.com/news/nation/...stimulus_N.htm

[Tex]

Me. This is no surprise.

Federal cash is now the No. 1 revenue source for state and local governments, surpassing sales and property taxes, the government data show.

State and local governments are adding new workers and raising pay:

The feds fork over enough pork to fill the Grand Canyon, and states are doing GRRR-REAT! Big shocker.

Economist Randall Pozdena said the temporary boost will hurt the economy in the long run because taxes will rise.

Thank you, Randall, for a little needed perspective.

[Cali Coug]

Originally Posted by Tex

Me. This is no surprise.





The feds fork over enough pork to fill the Grand Canyon, and states are doing GRRR-REAT! Big shocker.



Thank you, Randall, for a little needed perspective.

You are right. This is no surprise. Federal money kept an absolute disaster from occurring. Without it, the states would be in shambles, many more would be unemployed, GDP would have shrunk much faster, etc. Good thing you weren't in charge or we would be in a real mess.

[Tex]

Originally Posted by Cali Coug

You are right. This is no surprise. Federal money kept an absolute disaster from occurring. Without it, the states would be in shambles, many more would be unemployed, GDP would have shrunk much faster, etc. Good thing you weren't in charge or we would be in a real mess.

Oh dear, what would we do without the states to employ people and prop up GDP. Good thing they hired 12,000 people while the private sector cut 1.3 million. Whew, dodged that bullet.