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cal04 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-18-09 06:28 PM
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Govs: Federal stimulus helped states plug budgets
http://www.washingtonpost.com/wp-dyn/content/article/2009/07/18/AR2009071801231.html?hpid=moreheadlines

A bipartisan group of governors said Saturday that the federal stimulus package helped states avoid deep budget cuts during the recession. But some at the National Governors Association convention said they're not pushing for another infusion of cash from Washington.

"I don't think there's an appetite for it," Democratic Gov. Joe Manchin of West Virginia said.

Republican Gov. Haley Barbour of Mississippi agreed there's no need for Congress to consider more aid to states any time soon. Most of the stimulus money disappears by December 2012, midway through the next budget year for many states.

"We're up on a very high peak that we're going to have to get down off of when the stimulus money runs out," Barbour said, noting that Mississippi has its largest-ever budget because of the federal funds.

(snip)
Democratic Gov. Bill Richardson of New Mexico said he believes it will take two years for states to see the full impact of the federal spending.

"I'm worried about the deficit and I think we've got to be careful about another stimulus package right now because I think the first stimulus package is working," Richardson said. "I think we should let it run its course."

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cdsilv Donating Member (883 posts) Send PM | Profile | Ignore Sat Jul-18-09 06:45 PM
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1. Plugged holes in state budgets, propped up banksters...
...let individuals rot.
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Wednesdays Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-18-09 11:20 PM
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2. K&R
:kick:
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