July 9, 2009

Henry Rowen proposes "A New York Solution for Bailing out California"

In an opinion piece for The Wall Street Journal, SPRIE Co-Director Henry Rowen looks to 1970s New York City for a solution to California's current budgetary crisis. While then-president Gerald Ford refused a federal bailout of the bankrupt city, in the end Washington did provide assistance. California needs help, Rowen argues, but not without reform, and an unconditional bailout will only delay that needed reform. Read more »