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November 12, 2010

Talk about seeing the world through rose-colored glasses.

Michael Gerson writes in today’s Washington Post, under the headline of “Blue-State Budget Crises,” that “massive state budget shortfalls” are “concentrated” in “predominantly Democratic states.” Well, no. Actually, fiscal distress is as nonpartisan as the recession itself. Republican-dominated states like Arizona, Georgia and South Carolina all faced budget shortfalls for the current fiscal year equal to more than one-quarter of their budgets, as did the “swing” states of Maine, Minnesota and Nevada.

November 11, 2010

A recent budget proposal from House Republican leaders could lead to a $32 billion reduction in fiscal year 2011 funding for programs operated by state and local governments — a step that would be harmful at any time but would be extremely ill-advised at this time, with states facing unprecedented budget shortfalls and the expiration of fiscal relief from last year’s Recovery Act.

November 10, 2010

This is the second of a series of posts that look behind the debate over continuing a federal program that provides emergency unemployment benefits and explain what’s at stake for jobless workers and the economy.

November 10, 2010

While states that provide special tax breaks for seniors regardless of their income may appear attractive places to retire, those tax breaks will become significantly more costly over the next few decades as the elderly’s share of the population grows, as my colleague Nick Johnson noted in a recent U.S. News & World Report blog post. Those growing costs will make it harder and harder for these states to maintain high-quality public services, which can have a big impact on quality of life in a state.

November 9, 2010

Yesterday, the Republican Study Committee issued a press release announcing one of its first ideas for tackling spending: eliminating the TANF Emergency Fund, which the RSC says would save $25 billion over the next decade “by restoring welfare reform.” There are so many problems with this proposal that it’s hard to know where to begin. Here are the facts:

November 8, 2010

As I mentioned recently, over the next few weeks we will issue a series of posts that look behind the debate over continuing a federal program that provides emergency unemployment benefits and explain what’s at stake for jobless workers and the economy. Here’s the first in the series:

November 5, 2010

This week on Off the Charts, we talked about the elections, jobs, and taxes.

November 5, 2010

Today’s employment report contains much better news on job creation than was expected, but it does not change the underlying fact that the economic recovery remains weak and the economy needs a boost. Below are some charts to show how the new figures look in historical context; see our statement with analysis.

November 4, 2010

When Congress returns to work in two weeks, it faces an important decision: whether to let federal emergency unemployment insurance (UI) benefits, which are helping 5 million jobless workers and their families, expire even though unemployment is near 10 percent and expected to stay above 9 percent through 2011.

November 3, 2010

As newly elected governors confront their states’ grim fiscal reality, one promise that some of them made during the campaign should go in the trash along with the yard signs and the balloons from last night’s victory celebrations: cutting or eliminating their state’s corporate income tax.

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