Most of the states are eagerly awaiting tens of billions of dollars through the recently signed economic stimulus package. The administration has promised strict oversight for all of the money, but what should we really expect from the states? Will the money be spent shrewdly and responsibly or will much of it go to waste and fall through the cracks? And why exactly is California broke? What went wrong? And why did this happen even though Gov. Schwarzenegger promised fiscal responsibility? We ask Michael Bowman, director of policy at the American Legislative Exchange Council.
