Fiscal Federalism
Fiscal Federalism 12: Federal Aid by Agency
In yesterday’s post on Federal Aid to the States, I asked if anyone knew why states such as New Hampshire and Texas received so much less federal aid, on a per capita basis, than their surrounding neighbors. Table 1 below reveals the answer. To hunt down the culprit I decided to turn to my favorite [...]
Fiscal Federalism 11: Federal Aid to the States
I’ve always found the phrase “Federal Aid to the States” to be rather demeaning to states–does Uncle Sam think the states need aid the same way international aid is given to basket-cases across the globe? In most cases, this so-called “aid” is more about scoring political points than it is anything else, but I digress. At any rate, [...]
Should States Be Allowed to Go Bankrupt?
photo credit: Alex E. Proimos Veronique de Rugy, of Mercatus, has an article in Reason magazine dismissing the idea that states should be allowed to go bankrupt. She states: Bankruptcy may sound like a silver bullet that could solve budget woes, dismantle cronyism, fix pensions, and forestall a federal bailout. But it contains plenty of [...]
Libertopia
You may have read that New Hampshire has become the target state of the Free State Project. Here is how they describe themselves: Are you frustrated at the loss of freedom and responsibility in America, while the growth of government and taxes continues unabated? Do you want to live in strong communities where your rights [...]
Fiscal Federalism X: Federal Salaries and Wages
Following on my five previous blogs (Procurement, Grants to State and Local Governments, Other Direct Payments, Retirement and Disability and All Federal Spending) . . . this blog shows federal “salaries and wages” spending as percent of personal income. What is this? According to the Consolidated Federal Funds Report (pdf) from which this data is [...]
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