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11/18/2008

Federal Bailout for States: Good or Bad Idea?

As lawmakers here brace for more budget bad news tomorrow, the arguments against a federal bailout for the states appear to be gaining momentum. South Carolina Gov. Mark Sanford testified against federal funding in Congress recently. Jason Mercier has the best links here. The video is worth watching.

And in this morning's Wall Street Journal, the Manhattan Institute's Steve Malanga argues a federal bailout would just encourage more bad behavior.

Thoughts?

Posted by Richard S. Davis at 08:00:00 AM in Business Climate

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