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The minimum wage increase backed by Silverman, which gave some business leaders heartburn, was also supported by Bowser.
The financial picture will grow even more dire if the tax increase backed by Governor Brown does not pass in November.
The increase, backed by Cook County board President Toni Preckwinkle, takes effect Jan . 1
Districts throughout the state that have been near insolvency aren't necessarily out of the woods, but at least they're not in immediate danger of more cuts thanks to a temporary tax increase backed by Brown and passed by voters in 2012.
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Mr. Bush's team said the fiscal stimulus would be very modest, and in any case would be far less than the stimulus created by the government spending increases backed by Mr. Gore and President Clinton.
"Are you better off consolidating all of that long-term debt, with one payment and a lower rate (assuming your rate isn't increased) backed by an asset whose value appreciates (in theory)?" he asked.
There is no sign yet of the 500,000 new jobs that President Jacob Zuma pledged to create before the end of the year.The employment situation is not helped by unions pressing struggling businesses for double-digit wage increases, backed by a wave of often violent strikes.
But Mr. Brown's tax plan will have to compete with a rival tax increase proposal backed by the state's Parent Teacher Association, which would use the revenue to send more money to public schools.
The £1.06 hourly increase is backed by the Conservatives.
The Harrison administration worked with Congress to pass the McKinley Tariff, an aggressively protectionist measure and the Sherman Silver Purchase Act, which increased money backed by silver; these were among policies Cleveland deplored as dangerous to the nation's financial health.
The continued increase in consumption, backed by a high oil price, has led to an astonishing increase in imports (up 40% a year), but it no longer stimulates the domestic economy.
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