Also in this playlist...
This transcript is automatically generated
-- The recession has been what one expert called shock and offer state governments are facing budget gaps many -- never seen before.
In the coming year 31 states and Puerto Rico face budget shortfalls totaling more than 82 billion dollars.
And now new census data is out showing just what went wrong across the country for one.
Total revenue was down a half a trillion dollars in 2009 that is -- biggest drop ever.
A major reason for the -- pension funds the data shows a 477.
Billion dollar decline as states try to plug holes and the failed system.
Other problems tax collections fell by 56 billion dollars but as we've told you before collections are on the rise in many states for 2011.
Despite federal help for the jobless state spending on unemployment benefits nearly doubled from 2008 to 2009.
Welfare also got a boost from state government up more than 6% year over year.
One source of state funds and stimulus a pot of cash that could -- some of these blows we'll go the way most likely for good this summer.
As of June 30 the feds will doled out a 165 billion dollars to capitals across the nation needing.
Many programs will likely get the action coming months and governorship expect that -- up and stimulus money now that the Republicans control the house.
Indiana congressman Mike Pence says this he says we've got to put our fiscal house in order in Washington DC.
It's going to be essential that leaders of the state level roll up their sleeves make the hard choices and put their fiscal health in order as well.
Here's the problem thanks to this administration.
And others before it -- to become addicted to federal -- no matter how much they get they want more and more.
The congressman is right now's the time for governors to stand up and take responsibility for their own situations.
And do something to fix it with -- without that is more taxpayer help.
Filter by section