News

New Report Shows Path to Economic Recovery for States

In the midst of economic turmoil, federal bailouts, and budget deficits in more than 40 states, a
new report from the American Legislative Exchange Council (ALEC) offers a roadmap to
recovery based on economic performance trends from states over the last 10 years.

The second
edition of Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index shows
how the federal bailout of the states may simply encourage out-of-control spending by states,
which is up 124 percent over the last 10 years, without requiring them to make the tough
decisions needed to bring about financial stability.

Dr. Arthur B. Laffer, Stephen Moore,Jonathan Williams

Full Story: http://www.alec.org/am/pdf/richpoor/rsps-national.pdf

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