Eliot Spitzer: "There
has never been a tougher time to be a governor. Governors must deal
with all the problems confronting our economy, but they lack the
federal government's ability to run a deficit... Governors can only
gaze on with envy. The numbers from the states are downright
horrifying--and getting worse. The best estimate is that states, nearly
all of which are constitutionally obligated to balance their budgets,
collectively face deficits of about $350 billion over the next 30
months. That is about 20 percent of total state spending."