Economy in U.S. Slows as States Lose Federal Stimulus Funds

When the pretend "we are committed to deficit reduction policies" before the mid-term elections is over, the reality will be that the evils of deficit spending are better than the economic effects of an international debt implosion.

Spending cuts by state and local governments from New York to California may act as a drag on the economy into 2011, only the second time in more than a half century that such reductions have restricted growth for three consecutive years.

Source: businessweek.com