Federal Tax Rebate 2008

(or, Dude, who stole my recession?) On January 15, Tom Stinson, Minnesota state economist, said there was no doubt the state was in a recession. In May, he had not changed his mind. On that basis the state issued a forecast for the budget that led to the closing of a tax loophole, a few minor spending cuts, and the rest of the money coming from reserve accounts. As Phil Krinkie pointed out last month, there was very little spending cuts. I had argued for more reliance on the reserve because I h