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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (7717)	1/1/2003 8:46:42 PM
From: Les H	Read Replies (3) \| Respond to of 306849

Fannie and Freddie backing out of prefab lending market nationalmortgagenews.com Auto execs don't see big profit rise 'til '05 usatoday.com

To: Les H who wrote (7717)	1/2/2003 7:54:44 PM
From: RealMuLan	Read Replies (1) \| Respond to of 306849

>>As for state budgets, most expenditures reside in the education and medicaid. States and the federal government are cutting medicaid, but appear reluctant to pitch a battle with the teachers' union.<< You might be right, but the major shortfall in most of states is in GPR (General Purpose Revenue), which are mainly in Correction dept. and part of it in DNR (Dept. of Natural Resource). For most of state gov., cut Medicaid funding does not solve much budget problem, because they lose the matching Fed. funding at the same time. And that is why some states choose to release the prisoners earlier, I guess.