Monday, July 12, 2010
Cat Food Commission fucks over states, too!
In addition to their much anticipated benefit cuts to Social Security and Medicare, President Obama's Deficit Devils a/k/a the Cat Food Commission is giving the kiss of death to the states as well.
States can’t count on the federal government for more budget bailouts, the heads of President Barack Obama’s debt commission told governors yesterday.Just some more evil Republican economic ideas.
States that are expecting Congress to authorize more bailout money are “going to be left with a very large hole to fill,” said Erskine Bowles, co-chairman of the National Commission on Fiscal Responsibility and Reform. States including New York and California have urged Congress to extend stimulus spending authorized to combat the recession, including extra Medicaid funding and money to pay public school teachers.
“I don’t think we can count on the federal government again,” Bowles, White House chief of staff under former President Bill Clinton, said at the National Governors Association meeting in Boston. “They just do not have the financial resources.”
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