March 22, 2009


Bad Time to be a Governor

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."


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