47 of 50 States Have Budget Shortfalls Cumulatively Totalling $300 Billion

California is at a crossroads today, with the State Government asking for even more money from taxpayers to keep the state going as before.

But almost everyone expects that voters will reject Governor Arnold Schwarzenegger’s plan to keep the state deficit from ballooning from $15 billion to $21 billion.

And even though President Barack Obama is teaching, preaching and spending the United States into further debt, forty seven of the fifty states are already on the precipice of serious budget shortfalls, which cumulatively amount to $300 billion…..

Visit the Center of Budget and Policy Priorities:

Michelle Malkin:


Tea party? Calif Voters Likely to Pass Only One Resolution: Freeze Pay For Govt Work Force, No To New Taxes, Spending
In Calif: Schwarzenegger Runs To See Obama as Voters Expected to Trash His Spend and Borrow Budget
Angry California Votes On $15-21 Billion Deficit; Govt Employees Highest Paid, Gov Threatens to Close Fire Stations, State Already Gets Over $90 B of Stimulus

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