To the Point
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.
By Warren Olney • • 1 min readStates 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?
The full episode
2 of 3
Will the Recession Force State Government Shutdowns?- 0:00Al Franken's Senate Win Gives Democrats a Super-majority
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Warren Olney
former KCRW broadcaster
Katie Cooper
Producer, 'One year Later'
Sonya Geis
Senior Managing Editor
Andrea Brody
Senior Producer, KCRW's Life Examined and To the Point podcast
Steve Fehr
Reporter, Stateline.org
Evan Halper
staff writer at Washington Post
Jerry Nickelsburg
economics professor and director of the UCLA Anderson Forecast
The full episode
2 of 3Will the Recession Force State Government Shutdowns?- 0:00Al Franken's Senate Win Gives Democrats a Super-majority
- 7:36Will the Recession Force State Government Shutdowns?You’re reading this
- 44:24FDA Targets Painkillers