FROM Steve Fehr
Will the Recession Push State Governments to Shut Down? The recession is wreaking havoc with state governments all over the country by vastly reducing the revenues they depend on from taxes on property, sales and income. Last night, Illinois, Pennsylvania, Connecticut , North Carolina , Ohio and California failed to pass balanced budgets by the start of the fiscal year.
Will the Recession Force State Government Shutdowns? States all over the country are losing revenue. Last night, North Carolina and five other states failed to resolve disputes over taxes and spending in time for the start of the new fiscal year. Without balanced budgets, Pennsylvania and Illinois face partial shutdowns; Connecticut and Ohio are barely limping along. California has run out of money, and the biggest state in the union plans to pay its bills with IOU’s starting tomorrow. Last night in Sacramento, Republican Governor Arnold Schwarzenegger made a $24 billion shortfall $3 billion worse by blocking a stop-gap agreement with Democrats. What are the consequences for education, medical care and public health? Or is it a blessing in disguise if it forces fiscal responsibility on state capitols?
Healthcare debate now shifts to the Senate Both parties are celebrating yesterday's House bill to repeal and replace Obamacare. House Republicans are cheering because they were able to pass it. Democrats are happy because they think it's so bad. We look at the details… and the politics.
Is the United States losing its moral authority in the world? American support for human rights has often been criticized as more about words than it is about action. President Trump is creating more skeptics than ever. What are the consequences for America's role in the world?