As predicted, the stimulus money ($800 billion) that kept state governments has run out and now the states are demanding $75 billion from Washington to keep them afloat for another two years.
California, Illinois, Pennsylvania and New York top the list of those states needing help.
The good news: it's only another $75 billion.
The bad news: it's only another $75 billion.
UPDATE, July 27, 2010: The states say they will lay off 500,000 if they don't get the $75 billion. You do the math: divide $75 billion by 500,000 and you get $150,000 per state salaried worker. That's pretty good pay. No state should be paying an average $150,000/state worker and in the fly-over states it would be a travesty if they paid over $90,000; and downright criminal if they paid more than $50,000 in the poorest states, most of them in the deep south. Who is kidding whom?
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