4.8 • 615 Ratings
🗓️ 18 August 2021
⏱️ 26 minutes
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Steven Malanga joins Brian Anderson to discuss state budgets before and after the pandemic, tax-policy competition among states flush with cash, and conflicts between cities and states over policy.
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0:00.0 | Welcome back to the Ten Blocks podcast. This is Brian Anderson, the editor of City Journal. |
0:20.6 | Joining me on today's show is my colleague Steve Melanga. Brian Anderson, the editor of City Journal. Joining me on today's show is |
0:22.1 | my colleague Steve Malanga. He's the senior editor of City Journal and the George M. Yeager Fellow at the |
0:28.0 | Manhattan Institute. And he's the author of a brand new story in our summer issue of our quarterly |
0:35.6 | magazine. It's called an epidemic of bad budgeting, and that's |
0:39.3 | mostly what we're going to talk about today. So, Steve, thanks very much for joining us. |
0:43.1 | My pleasure. This piece, and it's in our print issue, walks through the kind of crisis that |
0:52.6 | cities were facing when hit with the pandemic, the budget crisis. Your |
0:59.3 | argument was that their situation actually was based on some pre-existing financial problems |
1:06.5 | that have subsequently been masked over by all of the federal aid that's been coming from both |
1:11.9 | the Trump administration and now the Biden administration after the pandemic struck, |
1:17.5 | that they've basically bailed these cities out so that the underlying financial problems have been hidden. |
1:23.6 | Could you just describe the main themes of this print feature story and just how acute was the financial problem becoming before the pandemic struck? |
1:35.5 | Yeah, so when the pandemic did hit cities as well as states, made a lot of appeals first to the Trump administration and later to the Biden administration |
1:44.2 | for direct budgetary aid. Much of the aid that came during the Trump administration was actually |
1:49.5 | in the form of direct aid to support the effort against the pandemic itself, aid to hospitals, |
1:59.5 | expanding Medicaid. |
2:01.9 | But the cities complained that the shutdown in the economy that they said was necessary |
2:06.9 | had also destroyed their budgets. |
2:10.7 | And although Trump would not provide any direct aid of this sort, and Republicans refused to do so, |
2:16.9 | when the Biden administration came in, |
2:19.5 | they put together an unprecedented $350 billion package for states and cities. |
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