Comments on: Let’s give Meredith some credit Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 By: ARJTurgot2 Mon, 07 May 2012 00:39:36 +0000 “States have been spending at two-and-a-half times their tax receipts…”

What does she mean by ‘States’? A number of state governments have constitutional or legislative prohibitions against deficit spending. But that is not true for municipalities, which have seen the state legislatures push responsibility for unfunded mandates down on them.