States want $1 trillion to 'keep afloat'

You thought the bailouts were huge up to this point? Wait to you see how much will be needed to keep states from going under.-Lou

States want $1 trillion to 'keep afloat' (group of Dem Gubs, many states will go broke and soon).

A group of Democratic governors warned Friday that without as much as $1 trillion in federal assistance, many states will not be able to pay their bills in the next year.

“There are states that are talking as California has of not being able to meet their financial obligations in the coming months,” New York Gov. David Paterson (D) said on a conference call with reporters. California announced in December that all state employees would be forced to take two days of unpaid leave.

Paterson was joined by New Jersey Gov. Jon Corzine (D), Massachusetts Gov. Deval Patrick (D), Ohio Gov. Ted Strickland (D) and Wisconsin Gov. Jim Doyle (D) in warning that states across the country will be forced to make drastic budget cuts in the face of unprecedented deficits.

“We are not crying wolf, this is one of the worst situations our states have faced,” Strickland said. “This is a real crisis. These are real problems. And if we don’t get some significant assistance many of those in our states will suffer greatly.”

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http://news.yahoo.com/s/politico/20090102/pl_politico/17000;_ylt=Arle0c9EF3XJPaRRIQxacuWyFz4D