MuniLand Snaps: June 5

June 5, 2012

Although it’s unlikely that the federal budget will be balanced for years, some, like Larry Summers, argue that the nation should issue more debt to spur economic growth. The Congressional Budget Office details historical trends in revenue and outlays. The Hill says that a CBO report projects U.S. debt will double GDP by 2037.

Good Links

Pew States: Medicaid fraud busters learn from experience

Bloomberg: Pennsylvania likely to issue $4.5 billion in bonds to repay federal loans for jobless benefits

Pipeline: Pennsylvania governor seeks $1.7 billion tax-break deal for Shell Oil Co

Bloomberg: The costs of cutting spending on Vermont’s mentally ill

Pew Trust: Falling revenues and growing demand for services challenge cities and counties

Charles Schwab: Could public pensions sink your muni bond portfolio?

BBC: California debt: What options are available?

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