The continuing travails of Republican state-level fiscal policies

Lawmakers are stymied over how to pay for road and bridge repairs without raising taxes or fees, which Mr. [Scott] Walker has ruled out. The governor’s fellow Republicans rejected his proposal to borrow $1.3 billion for the roadwork, arguing that adding to the state’s debt is irresponsible.

In other words, Walker also has yet to come up with a state-level fiscal policy which consistently melds spending and taxing decisions; Trip Gabriel at NYT has more to say.  As I argued earlier, these approaches to fiscal policy at the state level are not in every instance perfectly thought out.  Just to be clear, this is not just a Republican vice: the Democrats have run the finances of states such as Illinois in a manner which is not entirely enviable.


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