State and local governments shouldn’t wait for the White House and Congress to come up with the next stimulus package. They should draft a specific new proposal of their own.
Now’s the ideal time for state and local governments to swing into action, rather than waiting for Uncle Sam to solve every problem. Let’s look for opportunities for state and local leadership — with some facilitation from the feds. Grassroots government has the potential to provide economic stimulus as well, if Congress properly sets the stage. To paraphrase the character Gold Hat in Treasure of Sierra Madre, we don’t need no stinkin’ badges to rebuild America.
Here are specific strategies that governors, state treasurers, mayors and county executives can pursue through their respective associations:
• Low-cost federal incentives for infrastructure projects
• Tap the low-cost advantages of state housing authorities
• Leverage public pension funds