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Balanced-budget rules alone are not sufficient to ensure states’ long-term fiscal health.
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Remarks at the Quarterly Regional Economic Press Briefing, New York City.
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Remarks at the Quarterly Regional Economic Press Briefing, New York City.
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The recession that began in late 2007 severely reduced state tax revenue and increased demand for many public services …
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Since the founding of the Republic, Americans have engaged in “endless debate” about the division of fiscal and regulatory responsibilities among levels of government. The controversy has often involved the concomitant question of the optimal role of government as a whole. The issue has been...
Persistent link: https://www.econbiz.de/10005729110
provision and production of public services; (2) better alignment of the costs and benefits of government for a diverse … citizenry; (3) better fits between public goods and their spatial characteristics; (4) increased competition, experimentation …, and innovation in the public sector; (5) greater responsiveness to citizen preferences; and (6) more transparent …
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In recent years, a growing number of scholars and policymakers have concluded that the federal government has become too large and powerful, intruding into affairs better handled by states and municipalities. Based on this premise, they have argued for a reduction in federal aid, the conversion...
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