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State and local bailouts would reward fiscal wastefulness

MAY 29, 2020 | by Michael LaFaive, Carol Liebau | THE HILL

Op-ed by Michael LaFaive and Carol Liebau, includes “… This history of hard-won reform is important because a bailout effectively would reward the fiscal mismanagement of officials in states such as Illinois or Connecticut while punishing lawmakers in Michigan for their hard work and restraint. In short, bailouts would discourage sound solutions and real leadership, and encourage more bad choices. …”

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