State of the states? Broke and going broker
By Frank Keegan, Editor of Watchdog.org
Taxpayers, prepare to be extorted and robbed.
If the first two state-of-the-state speeches Wednesday are any indication, we are in for it.
Fiscal mismanagement leaders California and New York opened the hunting season on taxpayers.
Forty three other state legislatures convene soon to deal with the fiscal carnage they wrought through political profligacy [...]
Update: Faced with Bankruptcy, NY Assembly Fiddles
Faced with the doomsday scenario of running out of money before Christmas, assemblyman in New York got together and produced–nothing that would reduce the state’s $3.2 billion spending gap.
New York state legislators took no votes on erasing the state’s $3.2 billion deficit…Legislators spent the day in closed-door meetings, attempting to hammer out a budget plan [...]
NY Governor: State Broke in One Month
Embattled New York Governor David Paterson told the state’s legislature yesterday that the the state will collapse before Christmas is the government does not take action to curb exhorbitant spending.
The governor says $3.2 billion in cuts must be enacted now — or else. The cuts range from $500 million in agency spending to over [...]
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