Posted on 06/15/2009 9:15:41 PM PDT by FromLori
As the White House eagerly scans the economic landscape for signs of recovery, a looming drought in the form of state budget deficits could make any "green shoots" wilt.
States face a cumulative shortfall of $230 billion from this year through 2011, and there is little sign in bailout-weary Washington of any attempt to create yet another aid program to solve that problem. But if the federal government did want to hold that drought at bay, it has options: passing another stimulus plan; assisting states in the bond market; assuming a greater share of Medicaid payments. If the recovery stalls a few months from now, those may suddenly become central to the rescue efforts.
(Excerpt) Read more at online.wsj.com ...
BO’s Homeland Security czarina sure left Arizona in a trick. This state is hurting because of Nappy’s spending spree and failure to help Sheriff Arpaio stop illegal immigration.
Unfortunately, too many elected officials still think it's okay to spend money we don't have, and when the lid blows off the national debt the results will be unprecedented. Hopefully the people in charge will act responsibly.
But, chances are nobody is going to like the outcome.
Illegal Aliens another sore spot I would say they deserve it but I know people in groups against illegals there and they are stuck with the stupidity of people like nappy like the rest of us.
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