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Home / House Dems Want to Send $500 Billion to StatesHouse Dems Want to Send $500 Billion to States
Last Updated on Tuesday, 2 December 2008 11:42 Written by rslcpol Tuesday, 2 December 2008 11:42
From the New York Times:
The National Conference of State Legislatures joined the governors in appealing to Congress for swift action. “States are cutting their budgets, freezing hiring and delaying capital projects,” said Joe Hackney, a Democrat who is speaker of the North Carolina House of Representatives and president of the conference. “This can accelerate the downturn in our national economy.”
Mr. Douglas said he feared the recession would have “a cascading effect” on states: “Economic activity declines, investment is lower, the number of jobs decreases, income tax receipts are down, and so state fiscal pictures begin to deteriorate.”