Stumbled on this over at the Cato Institute.
I’ve listed five of the headlines. Each has a detailed description at their site. Go check it out.
10 Reasons to Oppose a Stimulus Package for the States
1. The Federal Government Is Broke.
2. Spending Is the Problem.
3. State Infrastructure Is Well Funded.
4. A Keynesian Stimulus Ignores the Long Run.
5. Rising Federal Debt Is Fiscal Child Abuse.
Wednesday 17 December 2008
The U.S. economy is in recession, and federal policymakers want to help by applying some old-fashioned Keynesian medicine. They are considering a “stimulus” bill of up to $700 billion, with substantial spending going to state and local governments for infrastructure, Medicaid, and other activities. In the latest Tax & Budget Bulletin, Cato scholar Chris Edwards, gives 10 reasons that such subsidies for the states would be ill-advised.
- “10 Reasons to Oppose a Stimulus Package for the States,” by Chris Edwards (.pdf)
Truth, Lies and In Between 