Posts Tagged ‘state deficits’

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    When Is A “B” Bad?

    Jan 30, 11 • 108 Views • Financial Markets, Government, International Trade and Finance, Money and Monetary PolicyNo Comments

    A state would not call a “B” a good grade. The grade is a credit rating that relates to a loan. Triple-A usually means not to worry. On the other hand, a “B” says you might not get paid back. As you know, recently, credit ratings have...

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    In A Good State

    Jan 24, 11 • 140 Views • GovernmentNo Comments

    We know it’s not New York or California. The bottom of the list also includes New Jersey, Arizona, Florida, Nevada and others. These are the states that, having mismanaged spending and taxing, are now facing tough fiscal decisions. Their finances...

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    More Deficit Dilemmas

    Jan 23, 11 • 104 Views • Economic Debates, Government, LaborNo Comments

    We could say that what you solve depends on what you see. When told about ballooning state deficits, people first see big numbers. Their response? Let’s cut spending. According to polls, though, when asked yes or no about cutting specific programs, most...

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    State Dilemmas

    Jan 16, 11 • 133 Views • Behavioral Economics, Demand, Supply, and Markets, Economic Debates, Government, Macroeconomic Measurement, Regulation, Thinking EconomicallyNo Comments

    Do higher taxes make you want to move? Hearing that taxes were going up in Illinois, the governor of Wisconsin said, “Escape to Wisconsin.” According to census figures, people do seem to be moving to no income tax states. One journalist explains...

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    State Finance

    Dec 6, 10 • 144 Views • Government, Households, Thinking EconomicallyNo Comments

    Which state postponed a pension fund payment of $3.1 billion because of big budget problems and had a 2.4% decrease in its real GDP? (Still though, this state has the second highest median income.) The answer? New Jersey. New Jersey, though, is not alone. Jon...