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NEW YORK (CNNMoney.com) -- States are poised to pass as much as $24 billion in tax and fee hikes in coming weeks, as they struggle to balance their budgets amid the worst economic downturn since the Great Depression, a report released Thursday found.
The spike blows away the $726 million in recommended increases for fiscal 2009.
Originally posted by marg6043
If these states do not cut government spending just like the Federal government things are not going to get any better.
Because all the tax hike is going to pay for the same old BS and keep their local government over bloated and too big to control.
Originally posted by muzzleflash
your going to live in a tent city?
dang your rich
i wont be able to afford a tent...ill live under a bush
Originally posted by warrenb
why doesn't the government print money to pay off its debt? they seem to print it for everything else.
Originally posted by Maxmars
I feel most pain for my children, and their peers,
Originally posted by LeaderOfProgress
The effects of this wanton spending and over taxation will trickle down through the generations to come. We cannot sit idle and watch our futures go down the tubes. Yet no one does anything but wisper.
A medal commemorating Germany's 1923 hyperinflation. The engraving reads: "On 1st November 1923 1 pound of bread cost 3 billion, 1 pound of meat: 36 billion, 1 glass of beer: 4 billion."