Restoring Fiscal Federalism
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Uploaded by MercatusCenter on Jan 13, 2011
As statehouses open for the 2011 session, happy days are not here again. Rather, for most states harsh fiscal reality must be faced. Many question if the fundamental structure of American politics is broken and if this structure will continue to force states and citizens toward a downward spiral of massive, ever-increasing debt.
This panel discusses the institutions in place that allow for state spending and the growth of government to continue, including these questions:
* What institutions are in place that increase state spending and debts?
* What are the consequences of a bailout by the federal government for states?
* What are potential solutions states can implement in 2011?
Featuring:
Mike Jerman, Legislative Director for Congressman Jason Chaffetz, Utah's 3rd District. Previously he was Vice President of the Utah Taxpayer's Association, a group that advocates for lower taxes, efficient government spending, and sound tax policy at the state and local level in Utah.
Eileen Norcross, senior research fellow at the Mercatus Center at George Mason University. Her work focuses on the question of how societies sustain prosperity and the role civil society plays in supporting economic resiliency. Her areas of research include fiscal federalism and institutions, state and local governments, and economic development.
Steven Malanga, City Journal's senior editor, Manhattan Institute senior fellow, and a RealClearMarkets.com columnist. He is author of the recently published Shakedown: The Continuing Conspiracy Against the American Taxpayer, about the bankrupting of state and local governments by a new political powerhouse led by public-sector unions. He writes about the intersection of urban economies, business communities, and public policy. He was recently cited as one of Governor Chris Christie's intellectual influences (BusinessWeek, August 2010).
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