Director | December 31, 2009
An overview of states’ budget problems at Dollars and Sense. States are running revenue shortfalls that average 24 percent. The big problems: states run welfare programs employing vast numbers of bureaucrats. The federal government currently supplies around 20 percent of states’ budgets, for Medicare. Neither of these trends is sustainable. Each state is faced with […]
Category: California politics, U.S. Economy |
1 Comment »
Tags: California budget crisis, California homeless, state budget deficits, state sovereignty
Director | June 11, 2009
Stock markets around the world have rallied off their March lows. The talk on financial TV is about having avoided a Depression, green shoots, a sustainable recovery. Other key phrases of the financial conversation include the steepening yield curve (good for bank profits), the stress test, the possible housing bottom, the commodity boom, and demand […]
Category: California politics, Global Economy, U.S. Economy |
5 Comments »
Tags: Federal Reserve bank, global financial crisis, state budget deficits, Timothy Geithner in China, U.S.bond market
