The Ghost of Christmas Future: State Budget Deficits in 2010

Rick CohenState budgets were a mess in FY2009, a debacle in FY2010, and look like impending catastrophes in FY2011.  We’ve been visited by the Ghost of Christmas Present this past holiday season with rampaging budget deficits and corresponding cuts in critical social safety net programs and services.  Knocking at the door is the ghost of Christmas future with warnings of continuing program rescissions and terminations unless governments and voters, like a dumbfounded Scrooge, come to their senses and radically change their revenue-raising and budget-allocating ways.

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