SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (281166)11/18/2008 2:38:43 PM
From: TimF  Respond to of 794338
 
Our Spendthrift States Don't Need a Bailout

Governors need to learn to use fat years to prepare for lean ones.

online.wsj.com

The last paragraph from that piece

"Thus, when practically every day the federal government is defining downward the very notion of what constitutes fiscal responsibility, the states know they are hardly the most reckless supplicants in Washington. Unfortunately, more federal aid all but guarantees they won't use the current crisis as an opportunity to put their fiscal houses in order -- setting the stage for worse problems to come."