State Budget Woes

While much focus is on the federal budget, most state budgets are ,if it is possible, in worse condition. This is a great article on the budget gimmicks employed by states to mask over the depth of the problems. I have been following the author, Steven Malanga , for awhile and he is sound in his understanding of state finances. 2011 truly looks like one where we will witness states as "laboratories of democracy" with differing approaches to solving a common dilemma.