I was lucky enough to catch Jack Lessenbery's essay on Michigan Radio... here are some highlights (rather, the lowlights) regarding Michigan's state budget:
"The government now thinks we are looking at a total general fund and school aid deficit of $2.7 billion dollars. But before we can tackle that monster, we first have to solve this year’s shortfall."
AND
"According to the latest forecast, the state has a current deficit of more than $1.4 billion in the general and school aid funds. We have only two months to make up the difference. The good news is we can do that. Thanks, that is, to the federal stimulus money. But that leaves a lot less to cover future deficits. In fact, there won’t be nearly enough to get us through the year starting October 1.
And after that, we are looking at the edge of a cliff."
(emphasis mine)
AND
"So here’s a suggestion for the governor: What your citizens need is for you to come on statewide TV and take some time to explain all this."
Amen!You can hear the whole thing HERE.
All I can say is, "YES!!! What I can't understand is why this isn't the #1 news story on 6:00 news and the headline on every newspaper/newssite in the state right now! Or every day previous for the last year or two..."
This is coming folks, that's why I am harping on you to Build Your Safety Net!
