Heidi Alexander said "The Lieutenant Governor of New York, Richard Ravitch, wrote an article in the Wall Street Journal on June 7 where he said he greatly appreciated the stimulus money...but because of these requirements that prohibit Governors and legislatures from making changes in the law to save money, he says the net result is the Federal stimulus--and this bill is just the son of stimulus or the daughter of stimulus--has led States to increase overall spending in these core areas, to increase spending. So the point of what we are doing is to cause States to increase spending, said the Lieutenant Governor of New York, which in effect has only raised the height of the cliff from which State spending will fall if stimulus funds evaporate." @ PoliticalQuotes.com

On the recordAugust 4, 2010

The Lieutenant Governor of New York, Richard Ravitch, wrote an article in the Wall Street Journal on June 7 where he said he greatly appreciated the stimulus money...but because of these requirements that prohibit Governors and legislatures from making changes in the law to save money, he says the net result is the Federal stimulus--and this bill is just the son of stimulus or the daughter of stimulus--has led States to increase overall spending in these core areas, to increase spending. So the point of what we are doing is to cause States to increase spending, said the Lieutenant Governor of New York, which in effect has only raised the height of the cliff from which State spending will fall if stimulus funds evaporate.

Said by

Heidi Alexander

Labour Party

Source

govinfo.gov

Aug 4, 2010

Editor's note · Context

The speaker discusses the impact of federal stimulus funds on state spending.

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