I have to say that is imperative that states get the help they are asking for.
But why they waited this long to be in such need, why they didn't ask Bush for some bail out money then.
Originally posted by grover
reply to post by marg6043
If states start failing because of a drop in tax revenues... which is what's fueling it... it will ripple across the economy and have a far more devastating than any of the banks going under.
Originally posted by Keyhole
reply to post by ConservativeJack
Strange how this is just about the first time that I can remember that states are saying that they are going bankrupt, hmmm, could it be the economy and NOT the way they are actually spending the money?
Hmmm, could it be that the unforeseen rise in gas prices, the economy (less sales tax revenue), and the rise in price of a lot of other things they had to buy ended up digging deeper into the states budgets foreseen?
After all, who thought things would be getting THIS bad!
Hmmm! (rubs chin)
After all, you don't hear of states going bankrupt (maybe except Calif.) like this every year! Usually they handle their budget very well!
[edit on 12/2/2008 by Keyhole]
we wouldn't cut those programs LOL we would REDUCE them and make them RUN more EFFICIENTLY. you just propose we give them more money you are a drunk sailor with other peoples money
what about your money? go donate half your pay check to the state park office, because we need to help these park rangers driving around in 100,000 state of the art, tax payer Ford Explorers with leather seats ... you dont live in the real world if you did, you wouldn't just give these loser an open check book.
The plan contains a 4.8 percent increase in defense spending and a 1.2 percent increase in spending for homeland security.