Politicians and pundits seem to have difficulty sometimes telling the difference between government budgets and the overall economy. This is apparent in two instances this weekend.
First, Sen. Barack Obama’s economic “plan” has as one of its main action items a $50 billion transfer to the states to “jumpstart the economy.”
Aiding and abetting is Stateline.org, with its unattributed claim that state budget problems are the result of “falling revenues triggered by the housing and mortgage crisis,” marring an otherwise very informative article.
They should have talked to Kentucky Sen. Julian Carroll(D), whose recent statement seems to indicate he understands that giving legislators more money to play with may not be the best use of our resources.