Navigation Links
Deep Budget Cuts Will Add to Unemployment Rolls at Wrong Time
Date:7/9/2009

HARRISBURG, Pa., July 9 /PRNewswire/ -- A state budget based entirely on cuts will accelerate Pennsylvania's job losses and delay any economic recovery in the state when the recession is over, according to a labor economist with the Keystone Research Center.

State House leaders recently announced their intention to produce a no tax-increase budget that will make $1.7 billion in additional cuts to Senate Bill 850, a bare-bones budget passed by the Senate in May. At a minimum this budget would result in 6,000 state employee layoffs, hospital closures, a more than a billion dollar cut in education funding, and higher local property taxes. The Hospital and HealthSystem Association of Pennsylvania estimates that Medicaid cuts contained in Senate Bill 850 would put 13,000 hospital employees across the state out of a job.

Still, some lawmakers want to resolve the current budget crisis with deep cuts to essential services, including education, health care, and public safety. Governor Rendell and other legislators favor a modest increase in the personal income tax, along with other targeted revenue measures, the use of budget reserves, and cuts to discretionary programs.

Keystone Research Center labor economist Mark Price explained that both tax increases and state spending cuts have an impact on the economy, but budget cuts do more harm than raising taxes during a severe recession. Price has a full analysis online: http://66.147.242.158/~papolicy/?p=1267.

Nobel Prize-winning economist Joseph Stiglitz and others have found that tax increases, especially on higher-income earners, are less damaging to the economy than spending cuts.

Price said that is because every dollar in state budget cuts reduces a full dollar of economic activity. Individuals, espec
'/>"/>

SOURCE Keystone Research Center
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. Statement by Robert Greenstein, Executive Director of the Center on Budget and Policy Priorities, on the New Congressional SCHIP Agreement
2. CPF Urges Congress to Increase Funding for IPF Research in 2009 Federal Budget
3. Mismanagement at North Florida/South Georgia Veterans Health System Results in Chronic Staff Shortages, Budget Issues
4. AARP CEO Bill Novelli Tells Lawmakers: Controlling Health Care Costs Key to Budget Reform
5. VA Budget Earns High Praise
6. AARP Urges Governor to Use Budget to Improve New Yorkers Quality of Life
7. Reserve 2008 Budget for Using Quality to Improve the Customer Experience
8. Congressional Budget Includes Earmark to Keep Washingtons Sexual Assault DNA Program Moving Forward
9. Congressional Budget Office Analysis of HR971 Rejects Pharmacy Benefit Managers Bogus Claim Bill Would Cost $29 Billion Over 5 Years
10. The Childrens Aid Society Endorses Critical Components of Governor Spitzers Proposed 2008-2009 State Budget
11. In Unfolding Budget Debate, Alliance to Spotlight Flawed MedPAC Policy Guidance, Failure to Evaluate Medicaid Margins in Recommending Medicare Funding Levels
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/2/2015)... 02, 2015 This year, the National Multiple ... will provide opportunities for people across the country to unite, ... people with MS live their best lives. MS Awareness Week ... inspire others to join the Society’s vision of a world ... often disabling disease of the central nervous system, interrupts the ...
(Date:3/2/2015)... 02, 2015 Regulatory Compliance Associates® ... quality, regulatory and technical consulting, announces Mr. Seyed ... Officer. , Before joining RCA, Mr. Khorashahi ... teams in all aspects of developing safety-critical medical ... Covidien (Medtronic), Regulatory Compliance Associates Inc., Baxter Healthcare, ...
(Date:3/2/2015)... March 02, 2015 Many mainstream media ... cases of measles. But how much of that news ... their toddlers to prevent measles, but whose youngsters later ... lectures from 150 speakers comprised of professionals, clinicians, researchers, ... recent news stories and questions about the body and ...
(Date:3/1/2015)... March 02, 2015 To ... and manage their practices compliantly and profitably, ... all-inclusive solution. The interoperability between a ... a medical practice management system is necessary ... financial sustainability. A referral management and development ...
(Date:3/1/2015)... Comparing a new source of vehicle insurance ... Pros portal this year. A broad range of agencies ... are being supplied through the finder at http://quotespros.com/auto-insurance.html ... available for each policy is now provided in exchange ... will first be asked to present their unique zip ...
Breaking Medicine News(10 mins):Health News:Every Connection Counts During MS Awareness Week 2Health News:Every Connection Counts During MS Awareness Week 3Health News:Every Connection Counts During MS Awareness Week 4Health News:Regulatory Compliance Associates® Inc. Welcomes Seyed Khorashahi as Chief Operating Officer 2Health News:Growing List of Professionals Gather for World’s Most Comprehensive Autism Conference in Chicago, May 2015 2Health News:Power Up Physician and Patient Referral Management While Qualifying for ARRA Incentives 2Health News:Power Up Physician and Patient Referral Management While Qualifying for ARRA Incentives 3Health News:Power Up Physician and Patient Referral Management While Qualifying for ARRA Incentives 4Health News:United Auto Insurance Rates Now Quoted at Consumer Insurance Portal Online 2
... emerged a heartening development.The World Health Organisation (WHO) has ... based Institute for OneWorld Health, a non-profit drug firm, ... ,Paromomycin IM Injection is a cost-effective treatment ... parasitic disease after malaria. ,It is ...
... A new study has found that single tablets containing ... to controlling increasing blood pressure in people with ... ACCOMPLISH (Avoiding Cardiovascular Events through Combination Therapy in Patients ... of researchers led by Ken Jamerson at the University ...
... on stem cells as a cure for infertility has made ... to grow mature sperm from adult stem cells, says Dr.Karim ... Dr. Nayernia, a professor of stem biology at the ... team had successfully coaxed the embryonic stem cells of mice ...
... Calcutta will reach out to more poor people with free ... the three healthcare units we have opened in Kolkata are ... target to reach out to more number of people by ... Gupta told a press conference Tuesday. ,"We have ...
... taken ill Wednesday after inhaling methane gas leaking from a colliery ... leak was reported early morning from the Bathdih colliery of Bharat ... ,The 10 people of Barari Basti area who fell ... to be in critical condition. ,BCCL officials have rushed ...
... girl dragged along by her headlocks, on the ground then, covering ... her head is smashed with a concrete block, blood oozes from ... heard. ,In the eyes of many in her ... was to love a boy from another religion. She was a ...
Cached Medicine News:Health News:A Non-profit Drug Firms Injection to Fight Kala Azar Included in WHOs Model List 2Health News:A Non-profit Drug Firms Injection to Fight Kala Azar Included in WHOs Model List 3Health News:Single-tablet With Two Drugs may Help Control High BP Better 2Health News:Stem Cell Answer to Infertility in Five Years, Says Scientist 2Health News:Women in Iraq More Unsafe Than Ever 2
(Date:3/2/2015)... March 2, 2015 Isis Pharmaceuticals, Inc. (NASDAQ: ... $15 million milestone payment from GSK related to advancing the ... familial amyloid polyneuropathy (FAP).  "We are very ... , and plan to report data from the Phase 2/3 ... fifteen months of dosing and are now receiving ISIS-TTR Rx ...
(Date:3/2/2015)... BETHESDA, Md. , March 2, 2015 /PRNewswire/ ... treating and preventing autoimmune diseases, announced today that it ... 714) from Amgen (NASDAQ: AMGN ). Under ... the rights to develop, manufacture and commercialize AMG 714 ... . Concurrently, Amgen has been granted an exclusive option ...
(Date:3/2/2015)... Texas , March 2, 2015   Lexicon ... biopharmaceutical company focused on developing breakthrough treatments for human ... 2014 financial results on Wednesday, March 4, 2015 before ... conference call and webcast to discuss clinical development progress ... end of 2014 at 10:00 a.m. Eastern Time on ...
Breaking Medicine Technology:Isis Pharmaceuticals Earns $15 Million From GSK for Advancing ISIS-TTR Rx 2Isis Pharmaceuticals Earns $15 Million From GSK for Advancing ISIS-TTR Rx 3Celimmune Announces Anti-IL-15 Antibody Licensing and Option Agreements with Amgen 2Celimmune Announces Anti-IL-15 Antibody Licensing and Option Agreements with Amgen 3Lexicon To Report Fourth Quarter And Year End 2014 Financial Results On March 4, 2015 2
... Part D beneficiaries who enter the "donut hole," where ... prescription costs, are twice as likely to discontinue  their ... or generic medications, a new study published today in ... The study conducted by researchers from Harvard ...
... Aug. 16, 2011 BD (Becton, Dickinson and Company) ... technology company, today announced the completion of its acquisition ... the PhaSeal® System, the leading closed-system drug transfer device ... packaged in vials.  The acquisition expands the scope of ...
Cached Medicine Technology:CVS Caremark, Harvard and Brigham and Women's Researchers Say Medicare 'Donut Hole' Can Lead to a Decrease in Medication Adherence 2CVS Caremark, Harvard and Brigham and Women's Researchers Say Medicare 'Donut Hole' Can Lead to a Decrease in Medication Adherence 3BD Completes Acquisition of Carmel Pharma 2BD Completes Acquisition of Carmel Pharma 3
The vertebral body replacement (VBR) is used for the anterior thoracic and lumbar spine. It is intended for use in the thoracic and lumbar spine to replace a collapsed, damaged, or unstable vertebral...
Vertigraft Humerus/Tibia Shaft an Cross-sections with even Anterior and Posterior heights may be processed from either the humerus or tibia. Anterior lumbar interbody fusion, corpectomy. Freeze-drie...
... Mesh System is indicated for use in the ... body resected or excised for the treatment of ... cord and neural tissues, and to restore the ... System is also indicated for treating fractures of ...
... cage system provides anterior column support for ... from T1 to L5. The system consists ... polymer cages that are stacked to a ... Peek Carbon fiber reinforced polymer material emulates ...
Medicine Products: