Monday, February 02, 2009
States’ Budget Shortfalls and Infrastructure
The US state of California is facing a grave budget shortfall, as everyone knows. But other states are also coming up short. As time goes on, the problem will get worse, and increasing cuts will have to be made. As the reader knows, infrastructure is already falling apart. President Obama’s stimulus is not going to provide nearly enough money to repair and upgrade infrastructure, and with states being increasingly cash-strapped, we can expect infrastructure deterioration to proceed largely unabated.