Tax the Rich! State Budget Crisis Deepens: Humanitarian Crisis Emerges

by Shamus Cooke
Global Research, December 6, 2008

Social catastrophes are poorly expressed by statistics. A recent study by The Center on Budget and Policy Priorities revealed that 41 states are facing severe budget shortfalls for 2009. Some states are worse off than others, with California ($31.7 billion) and Florida ($5.1 billion) leading the deficit pack. In all, the 41 states are currently facing a $71.9 billion budget shortfall. The key word here is “currently,â€