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Thursday, July 15, 2010

The Pain Index: 10 states placing the largest budget burden on residents

The Pain Index: 10 states placing the largest budget burden on residents


This is a mind-blowing article. The big question that people should really look at, is what these State Governments did with that "Stimulus Money"?

This particular paragraph stood out for myself:

U.S. News & World Report''s pain index takes a look at places like my hometown, where residents are spending more on taxes yet seeing less in services. It takes into account state tax increases and spending cuts in each state since 2009 and notes that over the past three years, states have cut their budgets by nearly $50 billion -- the biggest reversal of state spending since the Great Depression -- and raised taxes by another $30 billion or so. All of these measures have been taken despite the $250 billion in stimulus aid that the federal government doled out to the states in 2009."

Read more: http://www.walletpop.com/blog/2010/07/14/10-states-with-the-biggest-budget-pains/#ixzz0tm7LDow4


Our Governors have some explaining too do.

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