If you examine the contents of the economic stimulus legislation, you’ll see billions and billions of dollars being targeted for many of our nation’s 50 states. From funding health care programs to paying for infrastructure upgrades that should have been covered by state funds, almost every governor in America has their hand out in hopes of getting some help from Washington. So have states just been hit by a rough economy or are they the victims of their own rampant spending? What would the policies in the stimulus plan actually accomplish? What policies would actually work? And are most states within range of of solvency or they in a financial death spiral like the one playing out in California? We ask Jonathan Williams, director of the Tax and Fiscal Policy Task Force at the American Legislative Exchange Council.
