What happened to the trickle down effect? Plus: unemployment figures, health care, budget shortfalls, economic stimulus and Medicaid

December 17, 2008 | Alex Stone

Federal bank bailout isn’t trickling down, panel told: A three-member oversight board hears that, in Nevada at least, the Treasury Dept.’s $700-billion rescue plan has done little or nothing to curb unemployment and foreclosures.

State’s jobless rate rises to 6.4% in November: Washington state’s unemployment rate rose to 6.4 percent in November from 6.3 in October as the retail and construction sectors suffered from the ongoing recession.

Health care issues deserve attention: President-elect Obama has announced that he intends to submit for confirmation the name of former Sen. Tom Daschle as secretary of health and human services.

Grim State Budgets Could Mean $100 Billion Shortfall: The nation’s crashing economy and deepening recession is slamming states. A new report by the Center on Budget and Policy Priorities (CBPP) reveals that 43 states are, or will soon be, facing serious budget shortfalls, forcing them to cut vital services, layoff workers, deplete reserves or raise taxes.

Pelosi sees stimulus of about $600 billion: House Speaker Nancy Pelosi said Monday that Democrats are preparing a massive economic recovery bill in the range of $600 billion, blending immediate steps to counter the slumping economy with longer term federal spending on infrastructure like energy efficiency projects.

Medicaid: A Future Leader in Effective, High-Quality Care: With support of the federal government, state governments, and philanthropic foundations, the Medicaid program has the potential to become a national leader in effective, high-quality care over the next five years.

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Posted in Health Care, Tax and Budget, Work & Family

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