Thursday, April 29, 2004

Another tidbit from the 2004:I GDP figures released today:

State and local government consumption and investment fell 2.6% in real terms for the quarter, marking the fourth out of the last five quarters in which state and local government spending declined. It was the biggest drop in two-and-a-half years.

What kind of recovery is based on cutting K-12 education, health care and infrastructure??


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