Re: Do you read the news (I prefer Bloomberg, Market Watch and the WSJ)? If you did you would also know that the stimulus money allocated for state expenditures does not continue in 2011
I haven't read all the same things you might have read on Bloomberg and Market Watch, but I did thumb through this report from the CBO, and it has allocations for State Fiscal Relief going though the 2011 fiscal year (at least about $12B worth).
Re: What do you suppose the affect will be on state budgets and employment?
When the stimulus runs out, then states are on their own, and can choose to either raise taxes, or cut spending. The degree to which they need to make a tough choice will depend on whether the economy at the time has legs to support the programs that they are currently paying for, without bankrupting an individual state. I think many are hopeful that the economy won't be in a state such that it will come down to hard decisions like these.
But more to the point, I see you've chosen to focus on a very specific piece of the bill, while making it sound like Obama will rubber stamp additional funding bills over and over again when the spending expires. #msg-42686562
I'm sorry you feel that way, but that level of cynicism IMO is not warranted. If you look at the bill overall, you'll see a great amount of good that it is doing, with many jobs saved, and many signs pointing to the notion that it may actually be working.
Of course, we could argue all day over the data, because it's ambiguous enough that we can both point to situations that prove opposing points of view. Instead, I'll merely reiterate that a highly cynical point of view like yours may be premature, and only supported by picking and choosing your comparison points.
Re: Are my sources, "spin-meisters on the right"?
Might have been my bad assumption. Hope I didn't offend too much.
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