With President Obama calling on Congress to extend Recovery Act assistance for states, here’s a set of graphics on:
BEYOND THE NUMBERS
Today, we sat down with Michael Leachman, a Senior Policy Analyst at the Center, to discuss the latest information showing that the Recovery Act is creating jobs and boosting the economy.
“[W]e cannot commit to raising [educational] standards in one breath and turn around and issue layoff notices to thousands of teachers in the next,” columnist David Broder wrote yesterday, terming it “unconscionable” for Congress to fail to help states avert these layoffs. I couldn’t agree more.
As my colleague Chad Stone explained this morning, today’s jobs report shows that “unemployment is still very high, and jobs are still hard to find.”
As I explained in my statement this morning, today’s report on state budget conditions from the National Governors Association and the National Association of State Budget Officers shows why it’s so important to restore the state fiscal relief the House suddenly dropped from jobs legislation last week.
At the last minute, the House yesterday dropped an extension of Recovery Act assistance for cash-strapped states from jobs legislation, which it then passed, in order to help satisfy congressional critics who complained about the legislation’s impact on the deficit. These critics are effectively saying that the cost of increasing today’s budget deficits outweighs the benefit of helping states avert massive cuts in services and tax increases.
A new Congressional Budget Office analysis, which we’ve briefly summarized here, finds that the Recovery Act is continuing to save jobs and protect the economy from what would have been a much worse recession. As of March, the Recovery Act had:
With the House expected to vote today on legislation that includes fiscal relief for states, we’ve updated our reports on state budget cuts and cuts to education programs and jobs. We’ve bulleted and mapped out the highlights below.
“For every complex problem there is an answer that is clear, simple, and wrong.” That line is often attributed to H. L. Mencken, and it’s certainly true about New Jersey, where Governor Christie is proposing a constitutional amendment to limit yearly property tax revenue growth to 2.5 percent.