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Economic Rants of a Lunatic

Monday, June 2, 2008

NYT on state cut-backs

The New York Times this weekend chimed in on states cutting back...a frequent theme of mine. Worth reading.

Think the Economy Is Bad? Wait Till the States Cut Back

States contribute over 10% to the GDP each year, a not so insignificant piece of the puzzle. As stated in this article, states have not yet begun the draconian cuts that they will need to do, but they are coming. I think it will be worse than anyone is predicting.

Posted by FattyK at 12:05 PM

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    • ▼  June (22)
      • Cure for high prices?
      • Apologies
      • Brightside of Ethanol
      • Speaking of Mad Max...
      • Ground and Pound Update 4
      • Ground and Pound Update 3
      • That'll leave stains!
      • New national theme songs?
      • Stimulus payments result in record May deficit
      • Merrill cuts Lehman rating a week after upgrade
      • Knowns vs. Unknowns
      • Sunday morning walk of shame
      • Na na na naaa, na na na naaa, hey hey hey, good-bye
      • Bloomberg goes Gloomberg
      • Choo...choo!!!
      • Boy those lepers sure do look good!
      • Gound and pound (update 2)
      • Ground and Pound Update
      • Here comes the commercial real estate shoe
      • That right hand hurt Rocky
      • What do GM and married men have in common?
      • NYT on state cut-backs
    • ►  May (47)

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