Much of the federal government stimulus cash sent to states to stimulate their economies was being used to balance state budgets. But poor state fiscal planning is obstructing proper utilization of those funds.
So far this so-called stimulus that has been given by the Obama administration has gone primarily to bail out favored states. Within them, the funds have been used to bolster government jobs and pensions. Emphasis has been made for the creation of jobs that are or will be unionized.
Unfortunately, state or federal government jobs do not have the multiplier effect of private industry. Its lack of effect has been obvious thus far.
No comments:
Post a Comment