Robert Reich: The question on everyone’s mind: Will the Fed signal it’s now more worried about inflation than recession?
Adam Eran: Tax cuts caused the current budget deficit, not crazy spending. Local government revenues fell 57% after Proposition 13. Even more egregious, the consume-atives™ (they do not conserve), now complain that State funding for local governments to fill that revenue hole meddles too much in local affairs.
Randy Shaw: From an environmental agenda imperiled by nationwide public transit cuts, to a “Jobs” agenda jeopardized by state-induced layoffs, to the lack of full implementation of the President’s prized national service expansion, state budget cuts imperil progressives’ electoral gains of 2008. And no group risks having their expectations more shattered than the students and recent college grads – often described as “the Obama Generation” —whose energy and turnout helped define the 2008 election cycle.