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Wednesday, August 11, 2010

Obama Signs State-Aid Measure

“The House interrupted its summer recess on Tuesday to approve $26 billion in aid to school districts and states to prevent large-scale layoffs of teachers and public employees and to engage in another partisan fight over policy priorities. After the vote of 247 to 161 in favor of the legislation, President Obama quickly signed the measure at the White House, underscoring the importance Democrats place on the bill that they view as compelling evidence of their commitment to protecting American jobs.” (New York Times, Wednesday)

State and local politicians are relieved from fiscal responsibility.

FEE Timely Classic
“The New Deal and the State and Local Governments” by Robert Higgs