...states that cut the most funding lost the most jobs. And according to the site, in fact, the country is split pretty evenly between the 24 states that cut spending between 2007 and 2010, and the 25 that expanded government outlays.
On average, states that increased spending performed significantly better than cost-cutting states, with their unemployment rates actually dropping by 0.2 percent (as opposed to 1 percent increase in cost-cutting states), private-sector employment increasing by 1.4 percent (as opposed to a 2.1 percent loss) and 0.5 percent "real economic growth" since the start of the recession (as compared to a 2.9 percent economic contraction relative to the national economic trend).
Tuesday, June 28, 2011
Musn't accept possible holes in theory...after all I'm still rich!
Who could not have anticipated?