N47trn State Budgets: A Mid-Term Reality Check for State Power

The halfway mark of any journey invites a reckoning, and politics is no exception. In mature liber­al democracies, the reckoning is built into the calendar: mid-term elections test the strength of the gov­erning party by subjecting its record to the electorate’s cold appraisal. One of the defining features of American-style liberal democracy is the midterm [...]

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