Should States Declare Bankruptcy?

Hosted by

The (Ragged) State of the StatesThe federal deficit is disturbing, but Washington can print money. The states have to balance their budgets, and the total of shortfalls around the country is at $82 billion. Nobody wants to raise taxes, and even massive cuts aren't likely to make up the differences. As we've just heard, bankruptcy has been suggested.

Credits

Guests:
Matthew Murray - Professor of Economics, University of Tennessee, Bruce Cain - University of California Washington Center, Ray Long - Illinois Statehouse Reporter, Chicago Tribune, Emily Ramshaw - Assistant Managing Editor, Texas Tribune, John Weingart - Associate Director, Rutgers University's Eagleton Institute of Politics

Host:
Warren Olney

Producers:
Frances Anderton, Katie Cooper