Hot air expended trying to stop recession only fuels political fires
- Page:
- < Previous
- 1
- 2
Let's stop kidding ourselves. In no contemporary economic crisis — not even those that unfolded on the Republicans' watch — has Congress left the unemployed completely in the lurch. So some sort of spending package — call it stimulus, call it stopgap emergency aid, whatever works — is going to have to be passed.
The unemployment emergency helps feed another crisis Congress is going to be forced to address: the state budget disasters unfolding around the country. So far, 42 states have cut budgets that already had been enacted for fiscal 2009, according to the National Governors Association. More and deeper cuts are expected next year.
Already, states have laid off and furloughed workers — including, in some states, the very workers who process unemployment claims. Generally speaking, states are required to balance their budgets each year, a mandate that forces them to pull money out of the economy through spending reductions and tax hikes, counteracting the federal government's efforts to juice things up. "That is what happened during the Great Depression, we had states working against what the federal government was doing," says Heidi Shierholz, an economist with the Economic Policy Institute.
With red states and blue, Republican governors and Democrats, all struggling against the same relentless, recession-driven drops in tax revenue, an almost irresistible political coalition for more aid to states eventually will take shape. And with the fast-approaching September deadline for extending some unemployment benefits, there will likely emerge one of those must-pass measures that may or may not be called another stimulus bill.
Any hot air expended trying to stop it serves no purpose but to fuel political fires. Remember, that is the whole point of those now huffing and puffing most heartily. They don't want to figure a way out of this morass; they just want to figure out a way to unseat those now in office.
Marie Cocco's e-mail address is mariecocco@washpost.com.
- Page:
- < Previous
- 1
- 2
Recent comments
If government can't help, which seemingly it can't, they should just...
Leave us alone | July 11, 2009 at 11:00 a.m.
We could pull out of this recession by extending the Bush tax cuts...
Economics Major | July 11, 2009 at 9:04 a.m.
- Cougars beat Utes in overtime 1:11 a.m.
- UVU beats SUU; USU wins big 12:57 a.m.
- BYU spikers end season with a loss 12:55 a.m.
- Iverson may be headed to 76ers 12:34 a.m.
- Credit Coug defense for win 12:33 a.m.
- Aggies blow away T-birds 12:32 a.m.
- Mo steals show in Cavaliers' victory 12:31 a.m.
- Editorial: Facilitate Big Brother? 12:22 a.m.
- Mom befriends wife of PTSD vet 12:21 a.m.
- Political clash over U.S. debt 12:21 a.m.
- Cave to be sealed with body inside
- Predicting the unpredictable: BYU wins
- Hall mouths off about hate of Utah
- Vegas, Poinsettia bowls or bust
- BYU football: 5 keys to victory
- Glover gives Utes last-second upset
- Cougars beat Utes in overtime
- Cougars turn back Wildcats'
- Man trapped in Nutty Putty cave dies
- BYU is champion of the state
- Cougars beat Utes in overtime
396 - Hall mouths off about hate of Utah
150 - Thunder rolls by Jazz
136 - Cave to be sealed with body inside
115 - Man trapped in Nutty Putty cave dies
115 - Editorial: Poor welcome for Palin
113 - Rivalry Week is highly profane
88 - Hall's legacy measured today
75 - Y. focused on 10-win season
73 - Letters: C02 causes warming
70
watch out for next year for sure, the negatives are just closet (and...
And something else, I generally follow players from the state schools when...
I could care less that Max Hall said what he did. The feeling is mutual BYU...
Dear Max, probably could have done without that comment. Probably would've...
As a Utah fan, let me first say congratulations to Max Hall, the Cougars, and...
Geno's and Pat's are good.. but, they are mostly for tourists, the real...
(You even got a middle initial... how's that for 'ya Max) It's nice to see...
Even today, I still cannot get enough of this movie or Charles Gitonga Maina....
...disappointed with Max Hall's comments that he hates everything about UofU....
Over the last few days I read comments of people complaining about tasteless...


