Friday, May 28, 2010

States go bust in blackjack budgeting

The collective gasp being heard in capitols across the country is a result of Congress dealing gambling state officials a bust card in their game of blackjack budgeting. Earlier this month we highlighted how Washington was putting its faith in Congress to deliver $480 million in one-time federal Medicaid funds to help balance the budget. By leaving only $452 million in reserves, should Congress not come through with the assumed $480 million, the Governor said she will be forced to issue across-the-board cuts as required by law or call a special session.  It looks like that is becoming more of a possibility with each passing day . . . READ MORE


Post a Comment