Commentary

State Budget Deficits in Perspective

Following up on my Tuesday post on worsening state budget deficits, Stateline.org offers a comparison of deficits in the current and previous (post-9/11) recession that illustrates the scale of the fiscal crunch states have been and will continue to face:

As I write here, states are going to need to embrace some fundamental budgeting and spending reforms to weather the fiscal storm.

Leonard Gilroy is vice president of government reform at Reason Foundation and senior managing director of Reason's Pension Integrity Project.