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Keyword: greatdepression2009

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  • U.S. states suffer "unbelievable" revenue shortages

    10/11/2009 5:53:24 AM PDT · by TigerLikesRooster · 139 replies · 5,129+ views
    Reuters ^ | 10/09/09 | Lisa Lambert
    U.S. states suffer "unbelievable" revenue shortages By Lisa Lambert Fri Oct 9, 5:59 pm ET WASHINGTON (Reuters) – The U.S. economy may be creeping toward recovery after the worst slowdown since the Great Depression, but many states see no end in sight to their diving tax revenues. Tax revenues used to pay teachers and fuel police cars continue to trail even the most pessimistic expectations, despite the cash from the economic stimulus plan pouring into state coffers. "It's crazy. It's really just unbelievable," said Scott Pattison, executive director of the National Association of State Budget Officers, and called the states'...