An interesting idea ...
... you (the U.S. government) need to mitigate the pain caused by the state governments that are slashing spending. You need a program modeled on Race to the Top. You will provide federal money now to states that pass responsible long-term budget plans that will reduce spending and pension commitments. That would save public-sector jobs and ease contractionary pressures without throwing the country into a fiscal-debt spiral.
From A Little Economic Realism by David Brooks, July 5, 2010, at The New York Times.
No comments:
Post a Comment