Many states appear to be in recession
By
The Associated Press
Story Created:
Apr 25, 2008 at 1:23 PM EDT
Story Updated:
Apr 25, 2008 at 1:30 PM EDT
UNDATED (AP) - The nation may or may not be in recession, but a lot of states sure appear to be. A report by the National Conference of State Legislatures says the recession debate is "almost beside the point for some states."
The situation is grim in Delaware, with a 69 million dollar gap this year, and bleak in California, with a projected 16 billion budget shortfall over the next two years. Florida does not expect a rapid turnaround in revenue because of its prolonged real estate slump.
Sixteen states and Puerto Rico are reporting shortfalls in their current budgets.
But there's a silver lining for energy producing states. For instance, Alaska is making so much money from oil that it announced an estimated surplus next year of eight billion dollars, almost twice the state's annual budget.
On the Net:
NCSL: http://www.ncsl.org
(Copyright 2008 by The Associated Press. All Rights Reserved.)
Tuesday, May 20 at 5:39 PM DJ wrote ...
Oil is in abundance. Problem is there are no new refineries in the past 10 or so years. You can blame the Goverment on that. What about us? Why help another nation with problems and spend millions or billions on them and not us? Why should we have to pay for a war that Bush created? I didn't want that! They were not a threat. Because the govt won't allow new refineries is the reason gas is so high, and there are other factors as well. Help us Americans first before others as we need it too!
Thursday, May 8 at 5:30 PM Rita wrote ...
If the government is really wanting to help our people, they need to put a stop to all this rising prices. No matter what they say, they are the ones who control and negotiate what we as american's will have to pay.Get real, they still all get to go home and not worry about if they should spend the money for utilities or hold on to it to feed their families.As a divorcee with 4 kids, I am scared I wont be able to provide for my children, if this keeps up. WHAT ABOUT THE AMERICAN PEOPLE?
Thursday, May 1 at 3:23 PM Toni wrote ...
This recession is sure to impact millions of families across the United States.The stimlus will help but I think I will be a case of to little to late, to have any real effect in stopping a recession.
Wednesday, Apr 30 at 1:48 PM Toinette wrote ...
Too much money is being invested in the war...research the amount of money being spent per day..look at the gas prices around the nation. The foreclosure percentage is very high. Auto repossesions have increased by 25%. Someone needs to raise the question: What is the government doing with the tax dollars?
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