Thursday, July 08, 2010

Cal-Berkeley Law School Dean Calls For Feds to Bailout the States

Christopher Edley Jr., who is the dean of the University of California, Berkeley, School of Law has an op-ed piece in New York Times calling for a bailout of the states:
the best booster shot for this recovery and the next would be to allow states to borrow from the Treasury during recessions. We did this for Wall Street and Detroit, fending off disaster. It’s even more important for states.
Mr. Edley isn't a big fan of federalism. You'll be seeing many more op-ed pieces from self-interested beneficiaries of tax dollars in the coming years.Wouldn't you know, University of California employees were Barack Obama's biggest donors in 2008.