Exact(1)
If abolished or weakened, there are only three ways to make up the resulting shortfall: cut spending, raise taxes on the middle class, or pile it on to the national debt and leave it to our children and grandchildren who will inherit the consequences of the decisions we make now.
Similar(59)
State and local governments, facing their own budget shortfalls, cut back about $300 billion, thereby nullifying roughly half of Obama's stimulus.
"Both Kris Kobach and Governor Colyer have vowed to continue the same agenda that led Kansas to record budget shortfalls, cuts to education and a faltering economy".
Paying off the current shortfall will cut the marginally profitable airline's cash flow by about 400 million Canadian dollars a year.
The New York Botanical Garden, facing a $2 million reduction in city support and a 12% budget shortfall, will cut 49 jobs; it has also canceled its 2009 summer art exhibit, despite the popularity of last year's showing of Henry Moore sculptures, which led to an 8% increase in attendance.
The shortfall follows cuts in the numbers of training places in each year under the coalition government.
Because there is no money in the endowment reserve fund (interest from the endowment) to cover the projected shortfall, staff cuts were necessary, Mr. Wolfe said.
The Ministry of Justice said it would still meet its savings targets next year by funding any shortfall from cuts elsewhere within the department's budget.Opponents claimed the impact of the proposals had not been clearly thought through.
In a recent letter to governors, Kathleen Sebelius, the United States secretary of health and human services, pointed out that the health care law allows states with budget shortfalls to cut adults who are not disabled or pregnant and whose incomes are above 133 percent of the federal poverty level, which is $14,500 for an individual.
In a state that says it is already so short of public money it does not have enough to keep all the schools open and prosecute many criminals, Oregon took another drastic step this week to cover budget shortfalls: it cut off medications to thousands of schizophrenics, manic-depressives, drug addicts and others who are poor and have no health care.
A1 NATIONAL A17-21 States, Facing Shortfalls, Make Cuts Large and Small The states are struggling with their worst financial crises since World War II.
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Justyna Jupowicz-Kozak
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