“The Pew Center on the States has a great new illustration of how dependent states have become on federal dollars since the recession. States now count on the federal government for $1 out of every $3 in revenue, according the 2010 Census, which offers the most recent finalized data. That’s your stimulus money at work. And $1 out of every $3 is just the national average: In Arizona, 46.9 percent of state revenue came from federal grants; in Louisiana, 48 percent; and in Mississippi, a whopping 49.6 percent.”
Related posts:
Germany's top publisher bows to Google in news licensing row
Pharma firms paid East German state to test drugs on population
New laws in 2014: From tanning bed bans to 'lemon pets'
CFTC's Chilton Talks Bitcoin Regulation
Credit card firm cuts off nation's No. 1 gun store --- for selling guns
Ex-Fed chief Bernanke denied loan to refinance his home
Valencia: A Spanish city without medicine
Ex-Goldman Sachs trader charged with $118 million trading fraud
Bitcoin beginning to go mainstream
Veteran Sacramento Sheriff’s Deputy Arrested For Child Molestation
Swiss bank UBS pays $50 million to settle SEC charges from 2007 financial meltdown
FDA approves first brain wave test for ADHD
Trump boasts his ‘nuclear button’ is bigger, but he doesn’t really have one
Bernanke Says Europe Needs Its Own 'Single Fiscal Authority'
EU's Juncker calls for 300 bn euro investment programme