Mr. Shaman
Well-Known Member
- Joined
- Nov 27, 2007
- Messages
- 7,829
So far BO has topped Bush in many areas: Playing golf; traveling around the world, and around the country; spending taxpayers dollars; signing EO's; secret meetings; expanding the Executive Branch with unConstitutional Czars; and the list goes on.
Whatta shame neither-of-you is (actually) paying attention....
"States face continued major budget problems, because of the steepest-ever decline in state revenues and the end of most federal Recovery Act assistance halfway through their coming fiscal year. As a result, governors are proposing a new round of deep budget cuts that would increase unemployment and threaten the fragile economic recovery. Without further federal aid, the actions states will have to take to close their budget gaps could cost the economy 900,000 jobs. Congress is considering extending some assistance to states as part of forthcoming jobs legislation.
A recent Goldman Sachs report underlines the importance of state fiscal conditions to the health of the economy. Goldman projects economic growth will slow later this year, in part because “state and local budget cutbacks will almost certainly still be weighing on overall demand.” Similarly, Mark Zandi, Chief Economist of Moody’s Economy.com, recently warned that large state budget cuts next fiscal year “will be a serious drag on the economy at just the wrong time.”