Economy

It's the Recession!

So just what has been the primary cause of Pennsylvania’s fiscal challenges? Some would have you believe it is overspending, but the facts tell a different story.

In the Pennsylvania Budget and Policy Center's latest February Fiscal Facts, we find that every state (except North Dakota) has faced budget deficits in the past few years. The primary culprit: loss of state tax revenue.

The Pinto leaves you with that warm feeling

Tom Ridge is in the Pittsburgh Tribune-Review this morning talking about economic policy:

The shale gas industry is like the auto business — it might hurt some people, but the jobs it brings to a struggling economy make it worthwhile, gas industry pitchman and former Gov. Tom Ridge said Thursday.

'You don't quit building automobiles because some people are going to crash and kill themselves,' said Ridge, who spoke at Carnegie Mellon University. 'You have to manage the risk. Capitalism and entrepreneurialism is risk management.'

Anybody remember the Ford Pinto?

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