Deficits Provide Opportunity to Weed Out Failing Programs

By Jennifer Moreale
03/23/2010
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
12/10/2009
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
11/19/2009
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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