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Re: [Pen-l] Democrats to placate Republicans on recovery plan
- To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] Democrats to placate Republicans on recovery plan
- From: Jim Devine <jdevine03@xxxxxxxxx>
- Date: Wed, 4 Feb 2009 10:58:37 -0800
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Max Sawicky wrote:
> State governments are likely to spend what they get to prop up
> services that otherwise would take a hit due to falling tax revenue.
> In that respect aid to states is one of the most efficient types of
> stimulus, though there are limits to the amount that states could
> absorb, and the distribution of aid makes a difference.
In fact, if the Federal Government gave $100 million to California,
our state government would spend _more_ than that.
--
Jim Devine / "Disbelief in magic can force a poor soul into believing
in government and business." -- Tom Robbins
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