Posted on 03/06/2003 6:25:24 PM PST by AzJohn
Edited on 05/07/2004 5:21:09 PM PDT by Jim Robinson. [history]
State governments spent themselves into financial crises by routinely building budgets that outstripped inflation and population growth during the 1990s, a Cato Institute report suggests.
Had states limited new spending to a "benchmark" percentage equal to their combined inflation and population growth rates and returned any excess revenue to taxpayers, the conservative think tank said most would not be in as dire straits now.
(Excerpt) Read more at azcentral.com ...
That might be the motive of the Republic's editors. What caught my eye was that the figures were put together by a libertarian-oriented think tank, so I doubt that they are minimizing the amount of government spending we have.
Although we have had Republican governors (RINOs?).
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