Budget Press Clips: February 28


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At the national level, Moody’s joins Goldman Sachs in predicting dire consequences for the struggling US economic recovery if the GOP slash-and-burn budget cuts become law.

Moody’s: GOP Budget Would Cost 700,000 Jobs – Talking Points Memo

We’ve always wondered what all the state-level budget cuts will do to the national economy; how many jobs are lost when you pull $8 billion out of the economy. Multiply that by all the states confronting these issues and I wouldn’t exactly be banking on a great summer for the stock markets.

Also of interest are the results of a new New York Times / CBS News poll looked at voter attitudes about current strategies to dismantle public employee unions to address state budget woes. Of interest to us was a question about people’s preferred way to balance budgets – increasing taxes received 40% support, compared to 22% who supported cutting benefits of public workers, 20
% supporting cutting funding for roads and transit, and 3% support for reducing funding for education.

Majority in Poll Back Employees in Public Unions – New York Times (here’s the poll itself)

The Plain Dealer looks at the claim that SB5 could save the state budget $217 million per year, with a response from the newly-launched policy think tank Innovation Ohio about the reliability of the administration’s analysis.

With collective bargaining law in place, Ohio teachers already cutting pay, according to study – Cleveland Plain Dealer

And, lastly, the Youngstown Vindicator asks the Governor to get more specific about this and other matters he is confronting while putting together his budget proposal.

Time for Gov. Kasich to begin speaking with more specificity – Youngstown Vindicator

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