Lincoln saved the Union, Obama saved...

Would consumers spend more, if the world around them was not crumbling?

States, with a follow-up to the Stimulus, could have been saved for less than it cost to save Fannie, AIG, and GM. We could have postponed, until the economy picked up, the pain the States needed to go through for all their previous mismanagement.

Lincoln saved the Union, Obama needs to save the States!

Consumers are not going to start really spending

until the world around them stops crumbling!!!

Lincoln saved the Union, Obama needs to save the States!

States

States Saw Third Consecutive Double-Digit Drop in Tax Collections During Third Quarter of 2009

http://www.rockinst.org/newsroom/news_releases/2010/01-07-3Q_revenue_report.aspx

"Tax collections nationwide declined by 10.9 percent during the third quarter of 2009, the third consecutive quarter during which tax revenues fell by double-digit percentages, according to the latest report from the Rockefeller Institute of Government."

Lincoln saved the Union, Obama needs to save the States!

States

Bad economies in states to worsen: governors

http://www.reuters.com/article/idUSTRE61J26V20100220

"What we're finding out from a fiscal standpoint is that the worst is yet to come,"

Lincoln saved the Union, Obama needs to save the States!

States

The Great Recession Continues

http://online.wsj.com/article/SB10001424052748703837004575013592466508822.html?mod=djemEditorialPage

"The problem in the job market going forward is not so much layoffs in the private sector, which are abating, but a lack of hiring. The federal stimulus program is offset by a 2010 budget shortfall for state, city, county and school districts, which the Center on Budget and Policy Priorities recently estimated will be in the range of an astonishing $200 billion nationally. Since virtually all states and cities have to run balanced budgets, the result will be reduced services, layoffs and tax hikes."

Lincoln saved the Union, Obama needs to save the States!
Arizona
Arizona Governor Jan Brewer Proposes Decisive And Balanced State Budget Plan:
http://thegovmonitor.com/economy/arizona-governor-jan-brewer-proposes-decisive-and-balanced-state-budget-plan-21612.html

"We have taken difficult action in the last 12 months – action that has impacted our citizens. We imposed the largest spending reductions – $1.09 billion – in Arizona’s history, eliminated State services and programs, and reduced the State workforce by almost 10%. Yet despite our efforts to date, our job has just started. State government still must resolve a $1.4 billion shortfall for our current fiscal year, and for FY 2011 we face a projected shortfall of $3.2 billion."

Lincoln saved the Union, Obama needs to save the States!

New York

Paterson Seeks Huge Cuts and $1 Billion in Taxes and Fees:

http://www.nytimes.com/2010/01/20/nyregion/20budget.html?scp=1&sq=Paterson%20Seeks%20Huge%20Cuts%20and%20$1%20Billion%20in%20Taxes%20and%20Fees:%20&st=cse

"Gov. David A. Paterson proposed on Tuesday what would be the largest cut to school aid in more than two decades and nearly $1 billion in new or increased taxes and fees as he unveiled his budget, a plan that is likely to be the first chapter in a prolonged battle with the Legislature."