The States Are a Fiscal Policy Laboratory, but Obama Isn’t Learning the Right Lesson

The States Are a Fiscal Policy Laboratory, but Obama Isn’t Learning the Right Lesson

The fiscal nightmare in Europe should be all the proof that’s needed about the dangers of wasteful spending and punitive tax rates. Unfortunately, if his proposals for bigger government and class-warfare tax policy are any indication, President Obama still seems to think those policies would be good for America.

American states also are a...