Tag: fiscal

Going from Crisis to Crisis is Bad for the Economy

The Cost of Crisis-Driven Fiscal Policy, a study conducted by Macroeconomic Advisers on behalf of the Peter G. Peterson Foundation, finds that the uncertainty created by the on-going short-term spending bills and perpetual brinksmanship around the debt ceiling has pushed the unemployment rate 0.6 percentage points higher than it would otherwise have been this year.

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Municipal Bankruptcy – A Story in Search of a Trend?

NLC is receiving a lot of media inquiries about the prospect of cities filing for Chapter 9 bankruptcy.  It’s not surprising that the chattering classes are agog about cities going under.  It’s a grabber of a headline: “City X Files Ch. 9!”  The problem with this story is that the numbers just aren’t there to

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