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Unprecedented federal borrowing floods state budgets

JUNE 7, 2021 | by David Guenther | THE HILL

Op-ed by David Guenther, includes “… At best, the American Rescue Plan Act was unnecessary. A worse and more likely scenario is that larding hundreds of billions of federally borrowed dollars onto state governments will enable ill-conceived spending that costs taxpayers twice — once for higher federal debt payments and again for ongoing spending paid for initially with one-time funds. The upcoming federal infrastructure spending package figures to compound the problem.”

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