From Austin Business Journal, April 6, 2009...
A new report from the Texas Public Policy Foundation argues that the money flowing in to the state from the federal stimulus package could actually hinder private sector growth and end up costing Texas more than 131,000 jobs.
The report, titled The Economic Impact of Federal Spending on State Economic Performance—A Texas Perspective, was released at the Capitol on Monday.
Researchers looked at historical patterns of economic growth and spending by federal, state and local governments; the implications for Texas unemployment payments and taxes; and estimated effects that the recently passed federal stimulus package will have on Texas private sector economic activity and employment.
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Monday, April 13, 2009
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