![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHTrqqMYXg1ytEJigBKxUq1c08A7LxC37A79HOaLc2oNxJWcUw6VeGVfNycNq45evJI9apuxuJis0fe0cTY1PuOuHbCTL9E19pbaV5c6w3UBEf8ifzq3zTRpImMLO7G9p3Dccq9Q/s400/federal_aid_top_revenue_for_states_usa_today.jpg)
And, of course, *Federal aid* is created out of thin air. Or, more accurately, from felling trees and printing paper money!
Full story here.
The State of Massachusetts predicted $19.5 billion in tax revenue this year. Already, they are saying to expect a number more like $17.7 billion. I don't know about y'all, but I'll take the *under* there.
Here's the money quote from State Budget To Be 'Doom and Gloom' For Years To Come:
Current spending for this fiscal year also must be dramatically scaled back. Treasurer Timothy P. Cahill said state spending will outpace incoming state revenues by $335 million in May and $717 million in June. Even if the state stopped paying all of its employees, Cahill said, it would not be enough to solve the current year's budget problems.
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