Cornell Prof. Defends Stimulus In NYT

Robert H. Frank has a well-written column in today's business section:

The recent state and local spending cuts are a major setback to the stimulus program, which many economists have argued was much too small to begin with. A small minority disagrees but has not offered persuasive arguments.

The downturn threatens every goal we care about. Doing everything possible to limit state and local spending cuts will help end it faster.

(NYT)