Comments on: Make sure States are not forced to cut good programs: IMF http://clubtroppo.com.au/2008/12/31/make-sure-states-are-not-forced-to-cut-good-programs-imf/ Fearlessly dispensing political, legal and economic analysis (and some whimsy) since 2002 Fri, 25 May 2012 13:31:17 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: conrad http://clubtroppo.com.au/2008/12/31/make-sure-states-are-not-forced-to-cut-good-programs-imf/#comment-340957 conrad Thu, 01 Jan 2009 08:52:58 +0000 http://clubtroppo.com.au/?p=6873#comment-340957 "In the U.S., for example, increased transfers from the federal government would help states avoid cutting various spending programs." Obviously so, and I doubt anyone would notice another hundred billion or two on the deficit anyway. “In the U.S., for example, increased transfers from the federal government would help states avoid cutting various spending programs.”

Obviously so, and I doubt anyone would notice another hundred billion or two on the deficit anyway.

]]> By: observa http://clubtroppo.com.au/2008/12/31/make-sure-states-are-not-forced-to-cut-good-programs-imf/#comment-340880 observa Thu, 01 Jan 2009 05:14:36 +0000 http://clubtroppo.com.au/?p=6873#comment-340880 "First, and quite simply, governments should make sure that existing programs are not cut for lack of resources." The private sector might be doing it tough but what the hell, why should we in the public sector? "Given the higher degree of risk facing firms at the current juncture, the state could also take a larger share in private-public partnerships for valuable projects that would otherwise be suspended for lack of private capital." After years of malinvestments due to central bankers lack of oversight of credit creation much private capital is at risk now, so we'll promptly indulge in more risky public investments now, as if we weren't involved in all that past malinvestment when the sun never set on increased tax takes. As if you'd expect these public servants to ever recommend cutting their suit to the cloth. “First, and quite simply, governments should make sure that existing programs are not cut for lack of resources.”
The private sector might be doing it tough but what the hell, why should we in the public sector?

“Given the higher degree of risk facing firms at the current juncture, the state could also take a larger share in private-public partnerships for valuable projects that would otherwise be suspended for lack of private capital.”
After years of malinvestments due to central bankers lack of oversight of credit creation much private capital is at risk now, so we’ll promptly indulge in more risky public investments now, as if we weren’t involved in all that past malinvestment when the sun never set on increased tax takes.

As if you’d expect these public servants to ever recommend cutting their suit to the cloth.

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