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Strategies & Market Trends : Currents of Currency

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To: Ahda who wrote (53)	5/31/2003 12:35:43 PM
From: Ahda	of 594

economist.com IN STATE capitals across America, there is only one story in town: the disaster facing state budgets. According to the National Conference of State Legislatures, states face revenue shortfalls totalling $21.5 billion this fiscal year, which ends in June—23% more than they thought in November. Barely a day goes by but local newspapers report a new cut in services. Back in Washington, the administration seems about as concerned as it would be by a budget deficit in France. In his original proposal for next year's federal budget, President Bush asked Congress for no extra aid to the states (though the deal struck in Congress this week would provide $20 billion, at the Senate's suggestion). In reality each state knows their needs and ideally we vote for those who can add but the bulk of funds from the people go to Federal Income tax. Perhaps the states should receive the bulk of the funds and the allocation to the FED be changed. Someone has got to start thinking in terms of the first word of the name of our nation called United. At present that united is starting to look like the nation as a whole is knee over head in a bottom line color called red.

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