View Research by Author - Joseph E. Stiglitz

Publications

[Boston Globe] Like Massachusetts, state governments across the nation are facing budget deficits of historic proportions. Next year, they will face combined projected shortfalls of between $70 billion and $85 billion—or about 15 percent of all the money they spend out of their general funds. In response, they are cutting back on vital services, curtailing school hours, and restricting access to Medicaid, as well as raising tuition at public universities and increasing taxes. Kentucky is releasing non-violent prisoners early to reduce costs. Missouri has even resorted to unscrewing every third lightbulb in state buildings to save on electricity.

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