New budget crises loom for states and municipalities in 2011 | The Daily Caller - Breaking News, Opinion, Research, and Entertainment: "The budget crises that have nearly paralyzed states such as California and Illinois are likely to get worse — not better, in 2011 — despite the massive cuts that have already been made.
Kept on life support for the past two years by $160 billion in emergency funding from the stimulus package, state governments now face the prospect of making ends meet without any help. New Jersey Governor Chris Christie called the situation a “day of reckoning” in a recent interview with “60 Minutes” — and that’s after trimming a full quarter of his state’s budget in one year."
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