Monday, August 1, 2011

There's One Huge State Budget Crisis That Everyone Is Refusing To Talk About


There's One Huge State Budget Crisis That Everyone Is Refusing To Talk About: "The state is Texas.
This month the state's part-time legislature goes back into session, and the state is starting at potentially a $25 billion deficit on a two-year budget of around $95 billion. That's enormous. And there's not much fat to cut. The whole budget is basically education and healthcare spending. Cutting everything else wouldn't do the trick. And though raising this kind of money would be easy on an economy of $1.2 trillion, the new GOP mega-majority in Congress is firmly against raising any revenue."

No comments: