More grim news for the states…all 57 of them

On Tuesday, the State Budget Crisis Task Force issued its report.  The task force was chaired by by Paul Volker, and Richard Ravitch.  Those of you who live in New York will remember Mr. Ravitch, a Democrat, as the person who helped New York City avert bankruptcy in the mid 70’s.  The task force was funded by the Blackstone Group and George Soros’s Open Society Foundation. Read more