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newsmood
Posted by demoleft in Latest Breaking News
Wed Nov 11th 2009, 05:23 PM
Source: ap

SACRAMENTO, Calif. – A study released Wednesday warns that nine states are barreling toward an economic disaster similar to California's ongoing fiscal crisis that has been marked by IOUs and budget-busting deficits.

The budget woes could mean higher taxes, accelerated layoffs of government employees, more crowded classrooms and fewer services in the coming year for some of the nation's most populous states.

Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin join California as those most at risk of fiscal calamity, according to the report by the Pew Center on the States.

Double-digit budget gaps, rising unemployment, high home foreclosure rates and built-in budget constraints are the key reasons.


Read more: http://news.yahoo.com/s/ap/20091111/ap_on_...



damn.
in italy, regions face similar problems. public health care and industrial crisis the first causes.
but the former is not due to public health care system itself - it is due to waste, bad governance and corruption.

the wastes in the sector of public health drags regions to bankruptcy, especially in the centre-south.
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