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Stephen Moore and Stephen Slivinski, "Fiscal Policy Report Card on America's Governors," Cato institute Policy Analysis, March 1, 2005 (cato.org)
Every two years, the Cato institute measures the fiscal performance of the nation's governors, based on 15 objective measures. Governors who cut taxes and spending generally end up receiving good grades, while those who raise both receive bad grades. The exercise confirms the theory that "states that keep taxes low and restrain spending growth have the best economic performance and thus the best long-term fiscal health."
Cato Institute fellows Stephen Moore and Stephen Slivinski award only four governors an A grade this year: Craig Benson of New Hampshire, Bill Owens of Colorado, Judy Martz of Montana, and Arnold Schwarzenegger of California. Four governors receive F grades: Bob Holden of Missouri, ...
Source: HighBeam Research, Grading the governors.(POLITICS)(Brief Article)