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To: Oblomov who wrote (206745)11/25/2002 6:29:17 PM
From: yard_man  Respond to of 436258
 
LOL -- need a new bumper sticker to put over spending our children's inheritance -- "spending our children's children's inheritance"

Didn't the Moody Blues write a song about that? <vbg>



To: Oblomov who wrote (206745)11/25/2002 6:39:02 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 436258
 
Finances of U.S. States Called Worst Since World War II
By ROBERT PEAR

WASHINGTON, Nov. 25 — Plunging tax collections and soaring medical costs have created the worst fiscal problems for states since World War II, the National Governors Association said today.

Governors and state budget officers said the fiscal condition of the states was more dire than the condition of the national economy.

"Nearly every state is in fiscal crisis," the governors said in a new survey of the states.

Raymond C. Scheppach, executive director of governors association, said the problems would affect people across the country. States, he said, are increasing tuition at public colleges and universities, cutting Medicaid eligibility and benefits, increasing taxes on individuals and corporations and laying off state employees.

nytimes.com