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10 Reasons to Oppose a Stimulus Package for the States

Wednesday 17 December 2008

The U.S. economy is in recession, and federal policymakers want to help by applying some old-fashioned Keynesian medicine. They are considering a "stimulus" bill of up to $700 billion, with substantial spending going to state and local governments for infrastructure, Medicaid, and other activities. In the latest Tax & Budget Bulletin, Cato scholar Chris Edwards, gives 10 reasons that such subsidies for the states would be ill-advised.

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