revenues expending at "potential output rates " is a dynamic stablizer
obviously
budget balancing requirements oughta include a make good federal trend spending mechanism
tied to state & county & local private sector performance
even a bulky trigger system based on a nation wide metric would be better then the precent discretionary nonsense
'
as pk in full soap opera mode suggests
"we could put well over a million people to work... without any need to come up with new projects; just transfer enough money to state and local governments to let them return to doing the essential business of government.."
--cue string quartet --
"... like educating our children."
ah yes perseverate perseverate about dah schoolin of dah keeeeds
