Wednesday, August 12, 2015
Mixed News on the Economics Front
The state of Kansas will impose more restrictions on the use of social welfare funds. Gov. Rauner (R. Illinois) "proposed more than $6 billion in cuts in state spending on universities, health care, local governments and other areas and called for sharply reducing pension benefits for state workers." The people of Michigan voted 80-20% against a new proposal to raise taxes. New survey suggests that of the country's 3,069 counties, only 65 recovered from the Great Recession. Another study suggests that 36 million adults Americans should be classified as low-skilled workers.