State Budgets

Host Bob Edwards talks with economists Stephen Moore and Gene Sperling on state budget woes and the role of the federal government. In the midst of a troubled economy, states have cut many social and school programs. The crisis conditions prompted the U.S. Senate to pass a tax cut bill last week with a $20 billion provision to help states stay afloat. But Sperling and Moore don't agree on the usefulness of the new cuts. Gene Sperling is a former economic adviser to President Clinton, and Stephen Moore is an economist at the Club for Growth.

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