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More on the Fifty Herbert Hoovers

By Anonymous

From the Boston Globe: Patrick signs state budget (ht energyecon)

Governor Deval Patrick today signed a budget for next year that cuts aid to cities and towns, pares back programs throughout state government, and imposes $1 billion in additional taxes on Massachusetts residents, shoppers, and visitors.
...
?This is without question an austere ? and in some respects, painful ? budget,? Patrick told reporters. ?It contains many unavoidable spending cuts, and many of them will have a painful impact.?

He said the budget ?reflects the stark economic realities of the time.?

Higher taxes and less spending at the state level - what Krugman called the Fifty Herbert Hoovers

Meanwhile - no progress in California on a budget.

Full post as published by Calculated Risk on June 29, 2009 (boomark / email).