States Begin to Teeter

A pretty good 60 Minutes report showing some of the real budgetary problems facing states and localities, with a prominent role for New Jersey Governor Chris Christie. The State of Massachusetts is looking at a $1.5 to $2 billion dollar shortfall in this upcoming budget cycle, and an increased pension appropriation of $700 million dollars. For those counting on federal dollars to bail out states they had better think again. The public employee unions always accuse management of crying wolf, but the wolf is now at the door.

http://cnettv.cnet.com/av/video/cbsnews/atlantis2/cbsnews_player_embed.swf

This entry was posted in Municipal Finance, National News, State News and tagged . Bookmark the permalink.

2 Responses to States Begin to Teeter

  1. Jules Gordon says:

    Your Honor,
    Don’t quite know what to say. Your friends screwed the pooch and it’s taking a tough Republican governor who put is foot in the face of the unions, something that has no place in this state, to stop to his state’s decline into Liberal Hell.

    We deserved the government we elected.

    I told you so.

    Jules

    Like

  2. Jules Gordon says:

    Your Honor,

    The great progressive, Liberal party isn’t going to make me pay for this fiasco, are they?

    Jules

    Like

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