ABSTRACT

State Bailouts Create Poor Incentives, Do Not Fix Underlying Problems   [open pdf - 206KB]

From the Key Takeaways: "[1] Congress should not provide additional funds to cover states' budget shortfalls. [2] Federal bailouts make funding shortfalls worse, and would set a dangerous precedent for trillion-dollar bailouts of pension systems and other state liabilities. [3] Congress should provide states with additional budget flexibility by removing existing unfunded mandates."

Report Number:
Backgrounder No. 3488
Author:
Publisher:
Date:
2020-04-17
Series:
Copyright:
Heritage Foundation. Posted here with permission. Documents are for personal use only and not for commercial profit.
Retrieved From:
Heritage Foundation: https://www.heritage.org/
Format:
pdf
Media Type:
application/pdf
URL:
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