- Our Party
Rampant overspending has some states teetering near shutdown
Posted on Jun 30, 2009
Click here for the full story. The Los Angeles Times reports, in part:
Indiana is one of five states -- along with Arizona, California, Mississippi and Pennsylvania -- bracing for possible shutdowns this week as time runs out for lawmakers to close billion-dollar gaps in their fiscal 2010 budgets.
Of the 46 states whose fiscal year ends today, 32 did not have budgets passed and approved by their governors as of Monday afternoon, according to the National Conference of State Legislatures.
Libertarians have a better idea. Establish only affordable tax rates, adopt taxation-and-expenditure limitation legislation and focus spending only on the core, legitimate, functions of government.