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Flunking finance. (Data).


Many American governors might want to take President Bush up on his offer of a $1,500 tutoring voucher. They're struggling in Public Finance 101, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the Cato Institute's fifth biennial report card on the fiscal policy of America's governors. Cato gives high grades to govs who cut taxes and spending, and bad grades to those who do the opposite. Out of 47 top state executives ranked by Cato, only two governors got As (Massachusetts's Paul Celluci and Nevada's Kenny Guinn Kenneth Carroll "Kenny" Guinn (born August 24, 1936) is an American educator and businessman who was a two-term Governor of Nevada from 1999 to 2007. Guinn is a member of the Republican party.

He was born in Garland, Arkansas and grew up in Exeter, California.
). Sixteen snagged Bs, 16 pulled Cs, and 10 barely passed with Ds. Three govs flunked outright (California's Gray Davis, Iowa's Tom Vilsack Thomas James Vilsack (born December 13, 1950) is an American politician, a member of the Democratic Party, and served as the 40th Governor of the state of Iowa. He was first elected in 1998 and re-elected to a second four-year term in 2002. , and Oregon's John Kitzhaber John Albert Kitzhaber (born March 5 1947 in Colfax, Washington) is a physician, member of the Democratic Party and former two term Governor of Oregon. He graduated from South Eugene High School in 1965, Dartmouth College in 1969, and then Oregon Health & Science University with a ).

"For the past three years, state spending has grown more than twice as fast as federal expenditures," notes the report, which credits state coffers full with the bounty of the booming economy for the profligacy Profligacy
See also Debauchery, Lust, Promiscuity.

Arrowsmith, Martin

simultaneously engaged to Madeline and Leona. [Am. Lit.: Arrowsmith]

Bellaston, Lady

wealthy profligate; keeps Tom as gigolo. [Br. Lit.
. Says report co-author Stephen Slivinski, "Nearly three out of every four surplus dollars in state coffers since 1996 have gone to new spending, not tax reduction."

[Graph omitted]
COPYRIGHT 2001 Reason Foundation
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:governors overspending
Author:Lynch, Michael W.
Publication:Reason
Article Type:Brief Article
Geographic Code:1USA
Date:May 1, 2001
Words:171
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