Deficits Provide Opportunity to Weed Out Failing Programs

By Jennifer Moreale
Despite Gov. Jindal’s spending cut in late December, Jan Moller reports in the Times Picayune on a possible “mid-year budget deficit that could be as high as $400 million.” According to the state Department of Revenue, lower income and sales tax revenues are to blame. In February, the state collected $209 million but paid $230...

TAGS: Bobby Jindal, Cato Institute, Chris Edwards, Deficit, Free Market, Jan Moller, State Spending

Moody’s Warns USA Could Lose AAA Credit Rating

By Robert Flanagan
On December 8th, 2009, the Credit Rating Agency Moody’s stated that, “The United States, along with 16 other countries, could lose their Triple-A credit rating if fiscal deficits and heavy debts are not effectively managed.” While the group stressed that the threat is not immediate, it did point out that a downgrade could come as...

TAGS: Budget, Credit Rating, Deficit, Moody's

Rising Unemployment and Questionable Projects Highlight Failures of Stimulus Spending

By Robert Rosamond
Months after the passage of the $787 billion economic stimulus package, rising unemployment and questionable projects highlight the problems with stimulus spending. A Department of Labor report disclosed that, “In all, more than one out of every six workers — 17.5 percent — were unemployed or underemployed in October. The previous recorded high was 17.1...

TAGS: Budget, Deficit, Stimulus

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