Monday, June 30, 2003

The Happy Days Are Here Again . . .

"As Mr. Bush moves from fund-raiser to fund-raiser, building the mother of all campaign stockpiles, states from coast to coast are reaching depths of budget desperation unseen since the Great Depression. The disconnect here is becoming surreal. On Thursday the National Governors Association let it be known that the fiscal crisis that has crippled one state after another is worsening, not getting better.

Taxes have been raised. Services have been cut. And the rainy day funds accumulated in the 1990's have been consumed. If help does not materialize soon — in the form of assistance from the federal government or a sharp turnaround in the economy — some states will fall into a fiscal abyss."


From Herbert at the NY Times


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