State Budget Deficits

On Monday The Wall Street Journal had an Op-ed by Steve Malanga titled “How States Hide Their Budget Deficits.” Of particular interest is this excerpt: “Last week, however, the Securities and Exchange Commission (SEC) filed fraud charges against New Jersey for misrepresenting its financial obligations, particularly its pension obligations, and misleading investors in its bonds. … Read moreState Budget Deficits

“Quick Fixes” To Balance State Budgets

I wanted to briefly comment on this recent (July 17) Wall Street Journal article that mentions how Illinois and California are working to “balance” their budgets: http://online.wsj.com/article/SB124776520979752661.html The article brings to mind a term that I have used before, “quick fixes.”  Sadly, some of the means by which these budgets are apparently being balanced might … Read more“Quick Fixes” To Balance State Budgets