So why are the states that cut spending more prosperous than the big spenders?

RCP:
Obama Comments On Cliff Deal: We Can't Cut Our Way To Prosperity
You could also say that you can't spend your way into solvency.  But the fact of the matter is that within the 50 states, the ones who cut spending to meet anticipated revenues are doing much better than California, Illinois and New York.  You would think the President would notice that.

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