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State Budget Code Red24:50
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photoMore than half of states reported budget gaps for the next fiscal year. With state revenue down and politicians reluctant to raise taxes, the current budget crisis means aggressive belt-tightening on education and Medicaid spending. Should the federal govenrment intervene? Or do states need to dig themselves out of the fiscal black hole?

Guests:

Governor Mark Warner (D-VA)

Nicholas Jenny, senior policy analyst, Fiscal Studies Program at the Rockefeller Institute

Arturo Perez, analyst, Fiscal Affairs Program at the National Conference of State Legislatures

Amity Shlaes, senior columnist, Financial Times

This program aired on December 19, 2002.

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