[lbo-talk] the retrenchment begins

Bill O'Connor billyoc at gmail.com
Tue Jan 26 10:12:46 PST 2010


Chris Maisano <cgmaisano at yahoo.com> writes:


> Does anyone know whether or not this freeze would apply to federal aid
> to state and local governments, which is scheduled to finish at the
> end of 2010 under the stimulus package? I can't seem to figure out
> whether or not this is the case from the few reports I've seen. If the
> feds don't extend that aid into the next year, the results would be
> absolutely disastrous. I've seen reports that estimate an
> additional loss of close to 1 million jobs and a full percentage point
> of GDP if aid to the states is not extended into 2011:
> http://www.cbpp.org/cms/index.cfm?fa=view&id=2988

It doesn't appear to be scheduled to start for 3 years.



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