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41 US States Face Bankruptcy In 2009
41 US States Face Bankruptcy In 2009
A recent study by The Center on Budget and Policy Priorities revealed that 41 states are facing severe budget shortfalls for 2009. Some states are worse off than others, with California ($31.7 billion) and Florida ($5.1 billion) leading the deficit pack. In all, the 41 states are currently facing a $71.9 billion budget shortfall. The key word here is “currently,” since a similar study was conducted by the same group only three months earlier, at which time “only” 29 states were predicted to face shortfalls of a “mere” $48 billion. As the recession deepens, so will the state’s budget problems, turning this “budget crisis” into a humanitarian disaster. Projections have already been made for a $200 billion shortfall by 2010.
http://www.globalresearch.ca/index.php?context=viewArticle&code=COO20081206&articleId=11312


Most RecentMost Recommended Comments (5)
at 12:11 on December 8th, 2008
Please use the Highlight tool to quote from external sources and be sure to include your own original content in your posts. For more help, check out our FAQ.
at 12:34 on December 8th, 2008
The recommended Now Public highlight tool being carried on Firfox is incompatible with the latest version of Firefox 3 - I just tried to download it from Firefox.
at 13:01 on December 8th, 2008
Hi - thanks for your comment. I checked with our technical team who tell me that the Highlight tool is compatible with the latest version of Firefox, version 3.0.4. Are you by any chance using version 3.1, which is still in beta?
at 02:59 on December 9th, 2008
I had the same problem with new firefox, good article thanks snuffysmith, keep on writing
at 02:57 on December 9th, 2008
41 states US bancrupt 2009. As I predict the united states will fall apart with the US finance system collapsing in March 2009. Nobody wants to hear, see or act.