Tuesday, January 27, 2009
Politics / Woods States Can't Count on Federal Bailout
Posted by Jeff Woods on Tue, Jan 27, 2009 at 1:39 PM
Comments (2)
Showing 1-2 of 2
The purpose of the stimulus package is to create jobs by rebuilding infrastructure. It is not intended to wipe away red ink because of past deficit spending.
like
dislike
Once again, Woods, it's like you suspend reality simply so you can say what you want.
The article's headline: "Fed stimulus NOT a 'silver bullet' for TN budget" (caps mine)
Woods: The article "makes the federal stimulus package sound like a panacea for state governments"
The article: “Bredesen has told The Tennessean he will probably have to return to the legislature with a supplemental budget later in the session to account for the stimulus package, but agreed with his top budget officer’s assessment that the administration does not expect a “silver bullet” from the federal government to close the state’s revenue gap.”
Woods: “But according to a new report, it won't come close to wiping out their red ink, as some governors (including our own Phil Bredesen) had been hoping.”
