10 States in Fiscal Peril
November 11, 2009 at 5:20 PM Leave a comment
The Pew Center on the States is out with a new report about a number of states that are in dire fiscal trouble:
California’s financial problems are in a league of their own. But the same pressures that drove the Golden State toward fiscal disaster are wreaking havoc in a number of states, with potentially damaging consequences for the entire country.
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“Beyond California: States in Fiscal Peril” makes clear that the recession severely impacted states from different geographic regions with different types of economies, tax structures and political leanings.
Wow. Look at some of those budget gaps, particularly Arizona and Illinois. This is very bad. Invariably the states will cut services like food and shelter for the poor, school breakfast programs, mental health services, etc. The most needy among us will suffer.
Very sad. But hey, the Tea Partiers will be happy.
Entry filed under: Financial Crisis. Tags: .
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