For State Budgets, A Hole In The Bucket

Maggs, John
July 2009
National Journal;7/25/2009, p15
This article emphasizes that budget deficits by states in the U.S. are threatening to minimize the intended and expected impact of the economic stimulus spending of the federal government in 2009. It explains that the trend among consumers to save more is another force that will minimize the impact of the stimulus spending. It offers estimates on how much budgetary cuts or tax increases that states must implement to counter the deficits.


Related Articles

  • MONEY WELL SPENT? Stimulus May Have Helped States Now, but Policymakers Still Face Tough Decisions. Greenblatt, Alan // Capitol Ideas;Mar/Apr2010, Vol. 53 Issue 2, p28 

    The article discusses the negative effects of the American Recovery and Reinvestment Act (ARRA) law, the federal stimulus package, in the U.S. According to David Wyss, chief economist for Standard and Poor's Corp., without actually increasing spending, ARRA just transferred the state deficits to...

  • Deep Holes, Few Options. ECKL, CORINA // State Legislatures;Feb2011, Vol. 37 Issue 2, p18 

    The article presents a discussion on the 2011 budget. While budget gaps have ballooned due to sharp declines in revenue, Fiscal year (FY) 2011 revenues is expected to exceed that of 2010. The positive trend is reportedly overshadowed by the end of federal stimulus money that was included in the...

  • ProPublica and PolitiFact Test Obama Claims on Stimulus. Farley, Rob; Grabell, Michael // Pro Publica;11/ 7/2010, p14 

    The article examines the claim made by U.S. President, Barack Obama, that most economic stimulus projects have come in under budget, faster than expected. It is highlighted that there is no comprehensive federal database that reveals whether stimulus packages are under budget and the report...

  • Use 2009 Tax Incentives to Right-Size Your Fleet. Riecks, Ron // Site Prep;Jul2009, p44 

    The article discusses the significance of the 2009 tax incentives under the American Recovery and Reinvestment Act (ARRA) for contractors in the U.S. It primarily tackles on the provisions enclosed in ARRA, which were designed to offer significant tax advantages for contractors amid the economic...

  • Intermodal Rail Lands Big Share of TIGER Funds.  // Journal of Commerce (1542-3867);2/22/2010, Vol. 11 Issue 8, p7 

    The article reports on the discretionary grants given by the American Recovery and Reinvestment Act to the U.S. Department of Transportation for infrastructure improvement.

  • 'Excited' High-Speed Rail Builders Get Ready. Cho, Aileen; Ichniowski, Tom; Judy, Scott; Wood, Deb; Long, J. T. // ENR: Engineering News-Record;2/8/2010, p1 

    The article announces the awarding of grants from the 8-billion U.S. dollar pot that was part of the American Recovery and Reinvestment Act on January 28, 2010, which was celebrated by high-speed rail advocates.

  • Commissioners look to grant funds to replace boiler. Rushin, Cherry // Graham Leader;1/6/2010, Vol. 134 Issue 42, p14A 

    The article reports that Young County in Texas may get a bigger share of the stimulus funds for the Energy Efficiency and Conservation Block Grant from the American Recovery and Reinvestment Act. It notes that County Judge Stan Peavy III has disclosed that the county is eligible to receive...

  • Border Security Receives $88 Million.  // Security: Solutions for Enterprise Security Leaders;Dec2009, Vol. 46 Issue 12, p84 

    The article reports on the 88 million dollars worth of funding received by U.S. Customs and Border Protection (CBP) from the American Recovery and Reinvestment Act (ARRA) for Non-Intrusive Inspection (NII) equipment.

  • Smart Grid, Smart Bet? Fugazy, Danielle // Mergers & Acquisitions Report;7/6/2009, Vol. 22 Issue 27, p21 

    The article focuses on the plan of the administration of U.S. President Barack Obama to establish a smart grid or meters to be installed in the homes of U.S. households as part of the stimulus package. In addition, the U.S. Department of Energy has decided to increase its grant awards to 200...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics