From this Bloomberg article:
"Unlike the federal government, every state except Vermont is required to balance its budget, forcing spending cuts, tax increases or both -- actions Federal Reserve Chairman Ben Bernanke said last week are contributing to the nation’s sluggish recovery."
Translation: Our inability to spend beyond our means is hurting our "recovery."
-KD
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6 comments:
Priceless
See how simple things could be? At least they got 26 Billion to squabble over.
Is this the same Ben Bernanke that's supposed to be "in charge" of the economy? By the way how did Vermont get away with not balancing their budget? When word gets out there's going to be a lot of Vermont based consultants.
It's funny cause it's true. . .
I regret not making this a "which of these is from The Onion" post...
Yup -- this is what happens you have an economy based on people buying things and services that they don't "need." We don't need new cars, appliances, TV's every three years, but we need to buy these things to keep the casino open...
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