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Nearly half of states expect to confront big budget gaps
Associated Press ^ | May. 9, 2015 11:25 AM EDT | Christina A. Cassidy

Posted on 05/09/2015 10:44:24 AM PDT by Olog-hai

With the nation’s economy at its healthiest since the Great Recession, a surprising trend is emerging among the states—large budget gaps.

An Associated Press analysis of statehouse finances around the country shows that at least 22 states project shortfalls for the coming fiscal year. The deficits recall recession-era anxiety about plunging tax revenue and deep cuts to education, social services and other government-funded programs.

The sheer number of states facing budget gaps prompted Standard & Poor’s Ratings Service to call the trend a sort of “early warning.” …

(Excerpt) Read more at bigstory.ap.org ...


TOPICS: Business/Economy; Government
KEYWORDS: biggovernment; budgetgaps; liberalagenda; welfarestate

1 posted on 05/09/2015 10:44:24 AM PDT by Olog-hai
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To: Olog-hai

Medicaid, public employee pensions, and welfare. Votes are getting more expensive for the ordinary taxpayers.


2 posted on 05/09/2015 10:52:48 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Oldeconomybuyer

Blue State Blues.


3 posted on 05/09/2015 10:54:38 AM PDT by Oliviaforever
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To: Olog-hai

A few years ago the Republicans in the House and Senate admitted that tax cuts are to blame for budget shortages. They voted for the biggest tax increase in US history when the fiscal cliff was approaching. By voting yea, 85 Republicans in the House and 40 senators said that low taxes, not high spending, is the cause of America’s fiscal dysfunction.

This was before Ted Cruz was in the Senate.


4 posted on 05/09/2015 10:58:01 AM PDT by demshateGod (The fool hath said in his heart, There is no God.)
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To: Olog-hai

Gap? In ILL-ANNOY it is a chasm wider than the Grand Canyon and deeper than the Mariana Trench.


5 posted on 05/09/2015 11:12:56 AM PDT by SERKIT ("Blazing Saddles" explains it all.......)
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To: demshateGod

So “tax cuts” are to blame for “budget shortfalls”, but not the size of the budget itself or the pork therein?


6 posted on 05/09/2015 11:16:48 AM PDT by Olog-hai
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To: Olog-hai

That’s what the Republicans said when they voted to raise taxes instead of cutting the bloated budget. All those years of trying to tell people that cutting taxes would help the economy was thrown out the window.


7 posted on 05/09/2015 11:51:45 AM PDT by demshateGod (The fool hath said in his heart, There is no God.)
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To: Olog-hai

“With the nation’s economy at its healthiest since the Great Recession”

What kind of a loon believes this excrement?


8 posted on 05/09/2015 12:04:24 PM PDT by BillT (If you can not stand behind our military, you might as well stand in front of them!)
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To: Olog-hai; All
As mentioned in other threads, basically the only domestic federal spending program that the states have authorized Congress to manage is the US Mail Service (1.8.7). All other federal domestic spending programs are based on powers which the states have never delegated to the feds, expressly via the Constitution, the specific power to address.

In fact, the Supreme Court had historically clarified that Congress is prohibited from appropriating taxes in the name of state power issues, essentially any issue which Congress cannot justify under its constitutional Article I, Section 8-limited powers.

“Congress is not empowered to tax for those purposes which are within the exclusive province of the States.” —Justice John Marshall, Gibbons v. Ogden, 1824.

Note that the Founding States had originally not only established the federal Senate, but had given the power to vote for senators uniquely to state lawmakers. This is because the Founders had intended for the Senate to protect their states by killing bills which not only steal state powers, but also steal state revenues associated with those powers.

But the congressional firewall that the Senate provided for the states was rendered useless when low-information state lawmakers caved into pressure from misguided citizens by ratifying the ill-conceived 17th Amendment, foolishly giving up the voices of the state legislatures in Congress by doing so.

What happens now is that low-information citizens go home after voting for their favorite federal senators and watch football, clueless that their corrupt senators are working in cahoots with the corrupt House to pass vote-winning, but unconstitutional appropriations bills, such bills based on powers which the states have never constitutionally delegated to the feds as previously mentioned.

So it’s no wonder that so many states are short on revenue since corrupt Congress is stealing state revenues from right under their noses via unconstitutional taxes.

The 17th Amendment needs to disappear, and a bunch of corrupt senators along with it.

9 posted on 05/09/2015 12:11:43 PM PDT by Amendment10
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To: BillT

“With the nation’s economy at its healthiest since the Great Recession”

With the nation’s economy is as healthy as it was in the Great Depression ...


10 posted on 05/09/2015 1:11:03 PM PDT by PIF (They came for me and mine ... now it is your turn ...)
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To: PIF

Christina Cassidy is a liar and an idiot. Kansas increased funding for schools. Even the AP reporters in Kansas know this.


11 posted on 05/09/2015 5:00:50 PM PDT by Kanzan
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