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	<title>Comments on: Will federal largesse be countered by state and local cutbacks?</title>
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		<title>By: Obama takes middle road on stimulus and taxes that leads nowhere - Credit Writedowns</title>
		<link>http://www.creditwritedowns.com/2009/01/will-federal-largesse-be-countered-by-state-and-local-cutbacks.html/comment-page-1#comment-4227</link>
		<dc:creator>Obama takes middle road on stimulus and taxes that leads nowhere - Credit Writedowns</dc:creator>
		<pubDate>Sat, 07 Mar 2009 20:28:13 +0000</pubDate>
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		<description>[...] Obama takes middle road on stimulus and taxes that leads nowhere Posted by&#160;Edward Harrison on 22 February 2009 at 4:50 am&#160;&#160;&#160;  22Feb   Bloomberg News is reporting that U.S. state governments will begin cutting spending in order to meet budgetary constraints as the Obama administration&#8217;s transfers to local government will not be enough to offset reveue shortfalls.  These cuts will offset any federal stimulus, endering the $787 stimulus package recently enacted less effective, an issue I raised in early January. [...]</description>
		<content:encoded><![CDATA[<p>[...] Obama takes middle road on stimulus and taxes that leads nowhere Posted by&nbsp;Edward Harrison on 22 February 2009 at 4:50 am&nbsp;&nbsp;&nbsp;  22Feb   Bloomberg News is reporting that U.S. state governments will begin cutting spending in order to meet budgetary constraints as the Obama administration&#8217;s transfers to local government will not be enough to offset reveue shortfalls.  These cuts will offset any federal stimulus, endering the $787 stimulus package recently enacted less effective, an issue I raised in early January. [...]</p>
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