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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (126999)2/14/2001 11:00:59 AM
From: Neocon  Read Replies (1) | Respond to of 769667
 
There is no bankruptcy, and there is a dispute about how this came about. Most states underestimated Medicaid costs, which is the primary culprit. So, yes, it is a misrepresentation, as much as Chicken Little yelling "The sky is falling!"



To: TigerPaw who wrote (126999)2/14/2001 11:57:22 AM
From: Les H  Read Replies (1) | Respond to of 769667
 
Large drop in income tax withholding and sales tax receipts hits state budgets

dailynews.yahoo.com

many of the states were seeing double digit growth from the bubble economy in 99 to early 2000.

Isn't Texas one of those that relies more on sales taxes for state revenue as opposed to income tax? The rust belt should be getting particularly hard hit with the manufacturing shutdowns.


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