Robert DiClemente Quotes
State and local budgets can be corrected by small changes in the relative growth rates of spending and tax revenues, rather than by jarring policy initiatives. 
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State | Local | Budgets | Corrected | Small |
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The wealthiest households took the hardest hit from the equity slide over the past two years and had the largest debt exposure. Since these high-income households are in the best position to withstand deterioration in their financial positions, the shocks are likely to have a limited effect on overall consumer spending.
- Robert DiClemente
