-The New York Times, July 7, 2010 by Christopher Edley Jr.
http://www.nytimes.com/2010/07/08/opinion/08edley.html?_r=2
The best booster shot for this recovery and the next would be to allow states to borrow from the Treasury during recessions. We did this for Wall Street and Detroit, fending off disaster. It’s even more important for states.
-CNBC, The Kudlow Report, July 9, 2010 Host Larry Kudlow
http://www.cnbc.com/id/15840232/?video=1541175369&play=1
States are undermining every federal attempt at stimulus because of the budget cuts they are making right now. If, instead of bailouts from the federal government, what we do is smooth the flow of federal funds to the state over time so that they can get today what they need to close their budget deficits—but then pay it back when the recovery continues—I think that’s a win-win for everybody. It’s not a bailout from federal taxpayers. It’s more like an advance on your paycheck.