Origins
As the fastest growing state in the U.S. during the United States housing bubble, Nevada was hit especially hard by subprime mortgage crisis. The Nevada Policy Research Institute argues that the state government raised taxes during an economic boom and increased government spending more than 20% in 2004. The shortfall for 2008 and 2009 resulted from, they argue, government spending money at unsustainable levels.
Read more about this topic: 2008 Nevada Budget Crisis
Famous quotes containing the word origins:
“The settlement of America had its origins in the unsettlement of Europe. America came into existence when the European was already so distant from the ancient ideas and ways of his birthplace that the whole span of the Atlantic did not widen the gulf.”
—Lewis Mumford (1895–1990)
“Grown onto every inch of plate, except
Where the hinges let it move, were living things,
Barnacles, mussels, water weeds—and one
Blue bit of polished glass, glued there by time:
The origins of art.”
—Howard Moss (b. 1922)
“The origins of clothing are not practical. They are mystical and erotic. The primitive man in the wolf-pelt was not keeping dry; he was saying: “Look what I killed. Aren’t I the best?””
—Katharine Hamnett (b. 1948)