"Mr. Obama also misdiagnoses state and local government layoffs. They aren't the result of falling state and local revenues, which have increased by 6% over the last two years, according to the Census Bureau. The problem is that the cost of worker benefits is growing faster than revenues. Governments are having to lay off workers to pay for their rising pension and health bills.
That's especially true in states that haven't followed the example of Wisconsin's Scott Walker and altered their benefits or reformed collective bargaining. Think California and Illinois. Mr. Obama is asking Congress to tax Americans from every state more, and borrow more from China, to send money to states that have been the most spendthrift." [WSJ]
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