“Near-term fiscal stimulus is often an appropriate response to a recession or economic shock. But in an environment where high debt fuels panic, debt-increasing fiscal stimulus can backfire,” the report states.
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Haslam brought his own track record to the table. As governor of Tennessee, he launched Tennessee Promise, making community college and technical school free for all high school graduates—a program the report holds up as a model for what aligned state-level policy can achieve. “When Tennessee made community college and technical school free for all high school graduates, we weren’t just opening doors—we were transforming the entire state’s economic trajectory,” Haslam said.