Recommended: The States and the Stimulus

They say the road to hell is paved with good intentions. Certainly our current economic hell was created by well-meaning intentions whose only problem was that they were economically unsound.

Now it turns out that the 2009 stimulus package, passed with great fanfare about “helping the states”, is in fact causing many states serious budget problems. For the details, read The States and the Stimulus: How a supposed boon has become a fiscal burden, in the Jan. 2, 2010 Wall Street Journal.