The “Red” States: How Governors Ended Up with Huge Deficits looks beyond common misconceptions to find the real causes of the state budget shortfalls in fiscal year 2004. Discarding the red herrings of wasteful state spending and irresponsible state tax cuts, this Reality Check instead shows how the burden of unfunded federal mandates and reduced state income due to federal tax policies have led to the current deficits.
The “Red” States: How Governors Ended Up with Huge Deficits
The “Red” States: How Governors Ended Up with Huge Deficits looks beyond common misconceptions to find the real causes of the state budget shortfalls in fiscal year 2004. Discarding the red herrings of wasteful state spending and irresponsible state tax cuts, this Reality Check instead shows how the burden of unfunded federal mandates and reduced state income due to federal tax policies have led to the current deficits.