America, You Asked For It!

Political News and Commentary from the Right

States next in line with hand out…

We knew this was coming.  Once the government starts handing out ‘free money’, everybody wants theirs.

 


Governors press Congress for state fiscal relief

By ANDREW TAYLOR, Associated Press Writer

WASHINGTON – A trio of governors came to Capitol Hill on Thursday to plead with lawmakers for relief from crushing state fiscal woes caused by a huge slump in revenues as the recession deepens.Governors across the country have already pared payrolls, delayed infrastructure and cut aid to municipal government. In testimony before the House Appropriations Committee, Wisconsin Democrat Jim Doyle, New Jersey Democrat Jon Corzine and Vermont Republican Jim Douglas say they’re looking at cratering tax revenues. That means even bigger — and far more painful — cuts are coming.

Doyle told lawmakers that he’s facing a $5.4 billion, 17 percent budget gap in his upcoming fiscal plan. That’s on top of a 10 percent cut already made to Wisconsin’s state workforce.

Corzine says governors could use up to $100 billion to help with day-to-day operating costs, in addition to a recent $40 billion request over two years to help fund the Medicaid program for the poor and disabled and up to $136 billion for infrastructure projects like road and bridge repair.

Without help, the governors said, the cuts to state services and infrastructure projects would take money out of the economy, deepening recession.

…(Read full article)

Advertisements

December 11, 2008 - Posted by | Bailout | , , , , , ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: