President Obama met with his Cabinet yesterday and afterward delivered some remarks. He said, among other things:
Since that time, we’ve passed a Recovery Act that’s put a middle-class tax cut into people’s pockets, that has invested in infrastructure all across this country and put people back to work, and something that isn’t noted often enough, has helped stabilize state budgets at a time in which we could have seen hundreds of thousands of layoffs in teachers and police officers and firefighters.
I suppose that you could say stimulus funds “stabilized the budget” here in Washington if you consider a one-time infusion of funds to be stabilization.


