Thursday, November 12, 2009

Hey, I'm no macroeconomist, but... seems obvious to me that when states are undergoing severe fiscal pain, and are facing the choice between layoffs and tax increases, some Federal aid to states would be one of the quickest and most effective ways to keep the economic recovery on track. And surely one of the least controversial--Republicans, after all, are big believers in the virtues of state government. In fact, they invented revenue-sharing, back when Republicans occasionally had ideas.

We shouldn't hand out the money in proportion to the size of the budget hole they've got, though. That would just be rewarding political cowardice and gridlock. Yes, I'm talking about you, California.

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