State and local employment collapsed for the second month in a row, raising doubts about a national recovery
Rightwingers are using the pandemic to attack public workers, again
The situation demands congressional action. “They’re facing massive shortfalls, and there are not too many ways they can make that up,” economisttold me. “Their money mostly goes to hiring people. If Congress doesn’t come through with a big pile of money, they’re going to be hit really hard.” He’s right. Unlike the federal government, states and localities can’t print money to paper over deficits. They’re generally required to maintain balanced budgets, so when deficits strike, their only option is to cut payrolls.The relationship between state and local government fiscal health and the national economy is symbiotic. As a rule of thumb, every percentage point increase in the national unemployment rate costs state budgets about $45 billion,Job losses and job gains: The increase of 2.
Looking at things from the opposite direction, history tells us that state and local government hiring is a key to keeping the current recession from turning into a depression.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Column: California should revive affirmative action and launch a slavery reparations task forceIt’s not clear how many Californians are descended from slaves, but that's one of the questions this task force — should the Legislature approve the bill — will attempt to answer and develop reparation proposals. From AbcarianLAT for latimesopinion:
続きを読む »
Studios Should Flag Scripts for Harmful Stereotypes With a 'Bigotry Pass' (Guest Column)Just as there are reviews for obscenity or intellectual property concerns while balancing free expression, an evaluation for damaging tropes should be standard practice in film and TV.
続きを読む »
Column One: He seeks justice in Texas for black people killed by police. He went to Houston for George FloydFor Black people in this country, Floyd’s last words — “I can’t breathe”— served as yet another devastating reminder of the dangers of interacting with the police.
続きを読む »
Column: Mitt Romney is owed an apology for how he was attacked in 2012. He's unlikely to get it'It was the understandable perception of conservatives that the press treated Romney unfairly that caused many on the right to openly declare war on the media, because they believed that the press had already declared war on them.' (via latimesopinion)
続きを読む »
Byron Allen: Black America Speaks. America Should Listen. What We Need To Do To Never Come Back Here Again – Guest ColumnLast night I was sitting in my living room and a convoy of trucks drove by my home filled with law enforcement and National Guard troops. I am a 59-year old African-American man and this brought ba…
続きを読む »