It's sort of dropped out of the news, but I wanted to comment on the state Governors who have publicly declared that their state would not take the money offered in the stimulus package. Of course they then, less publicly, said that they would take some of the funds, but not the part that would create a long term obligation. My take is a little different.
In the name of true federalism I think that any state that refuses any of the funds should be denied all of that state's stimulus money. There, Governors Palin, Jindal and Sanford, the federal government will not tread on your right to be thrifty. Of course when it's time for you to stand for reelection and your fine state has been in the crapper longer than the rest of the country, the electorate may not take kindly to your position. Or, maybe they will. States Rights and Federalism in practice.