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That obliged the government to announce emergency financing measures last month.
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This ultimately could lead to problems in financing the measures taken to help the US economy recover.
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My organization, Prevention Institute, looked around to see if new financing methods are emerging that can help pay for measures that promote health and prevent illness and injury.
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Municipal finance, in support of U.S. infrastructure, creates more job growth versus other spending measures, and removing tax exemption would result in higher financing costs for states and local governments.
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These measures include accelerating the development of small financial institutions, expanding the financing channels and increasing credit guarantee services to relieve the financing difficulties of small firms.
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The major tax cuts promised in the 2008 election campaign have been put on hold and stimulus measures appear to have been limited and designed to be largely self-financing or financed by reallocating existing funds (although they have been introduced in parts, which makes it difficult to assess the full impact on the economy and the public finances).
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He insists that industry, as well as governments, must tackle the core issues, rather than trying to rid themselves of responsibility through measures like carbon offsetting - where individuals or companies balance their carbon output by financing green projects.
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It added that policymakers need to put in place measures to "closely monitor and control the risks related to borrowing by local entities, especially local government financing vehicles".
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