01346nam a22001697a 4500999001900000008004100019100004800060245011700108260004700225300003800272520060600310650007800916773004600994906001601040942000701056952011301063  c517713d517713210727b           ||||| |||| 00| 0 eng d  aDouglas, James W. and Raudla, Ringa 927977  aWhat is the remedy for state and local fiscal squeeze during the covid-19 recession? More debt, and that is okay  aAmerican Review of Public Administration    a50(6-7), Aug-Oct, 2020: p.584-589  aThe COVID-19 crisis is placing a tremendous fiscal squeeze on state and local governments in the United States. We argue that the federal government should increase its deficit to fill in the fiscal gap. In the absence of sufficient federal assistance, we recommend that states suspend their balanced budget rules and norms and run deficits in their operating budgets to maintain services and meet additional obligations due to the pandemic. A comparison with Eurozone countries shows that states have more than enough debt capacity to run short-term deficits to respond to the crisis. – Reproduced   aPublic debt, Public deficits, Balanced budget norms, Fiscal crisis925728  aAmerican Review of Public Administration   aPUBLIC DEBT  cAR  00102ddc40709391781aIIPAbIIPAd2021-07-27h50(6-7), Aug-Oct, 2020: p.584-589pAR124974r2021-07-27yAR