Getting Ready for the Next Recession

While Washington has been aggressively pumping money into the economy, the states have been cutting spending drastically, laying off thousands of workers and forgoing capital expenditures. This has been dubbed the anti-stimulus and it threatens to slow an already anemic recovery. In this blog, ITIF President Rob Atkinson recommends that, once the economy recovers, states should be required to maintain larger rainy day funds or risk losing federal money.