All governors are facing trouble. Singling out one party is like saying only the left half of the Titanic is sinking.

#1 | Posted by 726

Way to justify it. That's not saying you are wrong.

I know I am not wrong. All the states and federal governments are fucked. The magic bullet of home equity refinancing that was keeping the economy afloat the past 10 years has gone the way of the Dodo.

Two things are clear:

1. Politicians are afraid to raise taxes.

2. Politicians are afraid to cut spending.

Anyone that beleives that the economy will magically correct itself and cover the budget shortfalls is either naive or corrupt. Probably both.