Century of the Common Iowan: Centrists cut 600,000 jobs from stimulus and decide to bankrupt states while they are at it
Excerpted from this post at Century of the Common Iowan
... Paul Krugman wrote this morning that the cuts made as part of the compromise will be cutting approximately 600,000 jobs. ... The cuts made by the Senate include $40 billion in State Fiscal Stabilization, $16 billion for School Construction, $7.5 billion of State Incentive Grants, and $5.8 billion for Health Prevention Activity. The most troubling cut is the $40 billion in state fiscal stabilization. Iowa is looking at a very tight budget and we are hardly in the worst shape out there compared to other states. This report by the Center of Budget and Policy Priorities was written BEFORE the cuts were made by the Senate and says the money is the Stimulus will help, but is not enough.