News Stories Related To: U.S. States Facing Budget Crisis: Where Balanced Budget Laws Fail
By: Ross1776 
This week there have been numerous headlines with respect to the budget crises now facing most of the states throughout the United States, again with the downward spiraling U.S. economy...
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READ MORE: balanced, budgets, California, Arizona, United States, taxation, Schwartzenegger, liberalism, government, politics
Reported by Ross1776
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- News Source: CNN | 5 months agoUnless lawmakers agree on how to close the budget gap, California Gov. Arnold Schwarzenegger says he refuses to borrow money to keep the state running in the face of a $24.3 billion budget deficit and a new fiscal year on the horizon. "We need to...
- News Source: Asian Wall Street Journal | 5 months agoThink of the federal budget deficit as a nasty virus lurking inside President Barack Obama's plans, threatening both his efforts at economic recovery and his broader agenda...But the deficit also is becoming a significant short-term psychological...
- News Source: Uinta County News | 5 months agoDespite its superficial appeal, this narrative is unconvincing. For instance, the claim that California voters balk at paying for what they want is easily refuted...There is no evidence that the public wanted never-ending pay and benefit increases...
- News Source: CNN | 5 months agoCalifornia has to choose a way to erase its $24 billion budget deficit. But unlike recent examples in corporate America, default and bankruptcy can't be on the table. Stiffing state bondholders would only destroy the state's fragile credit and...
- News Source: Voice of America | 5 months agoU.S. President Barack Obama is calling on Congress to pay for new government spending through tax increases or budget cuts, rather than by running up new debt. Some Republican lawmakers are skeptical about the plan. President Obama is challenging...
- News Source: Voice of America | 5 months agoCongress to restore a "pay as you go" system in which any new tax cut or certain spending increases are offset with savings in other areas. At a White House event Tuesday, Mr. Obama said paying for what you spend is "common sense," and the rule needs...
- News Source: Independent | 5 months agoUS President Barack Obama, trying to bolster an economy he says still has a "long way to go", has announced 10 projects aimed at creating or saving more than 600,000 jobs, according to the administration. The plans are meant to boost the...
- News Source: Sacramento Bee | 5 months agoOther employee unions have leveled similar criticisms about the cost of outside help. Professional Engineers in California Government , for example, continues to wage a battle against public-private partnerships with outside companies to build...
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