http://finance.yahoo.com/loans/article/105909/States-That-Can%27t-Pay-for-Themselves
Livin in the real world
And not some fantasy
Here's the price we're paying
Called Main Street reality
Hank's plan's no help out
Nor does the daily plea
That our lives just don't work out
Like Manhattans fantasy
The Golden State, which recently scrambled to fill a $15 billion budget gap, still may not be able to meet its payroll without help.
California is going to Washington, D.C., to ask for $7 billion to cover its budget shortfall. Otherwise it won't be able to pay for its teachers, cops, firemen, and other essential services. Unfortunately, California won't be alone. A number of other states are experiencing a huge dive in tax revenue and could be going cap in hand to Uncle Sam alarmingly soon. How bad could it get? The potential cost for all the 31 states facing both major and minor shortfalls could be as much as $53.4 billion.
The data is based on a study by the Center on Budget and Policy Priorities released at the end of September and shows the states that have seen the biggest shortfalls in tax revenue in their fiscal 2009 budgets.
