Sunday, December 14, 2008

Quote of the Day

“It’s going to be a tough couple of years to get through here because revenues are going to be lousy and demands on spending are going to be going up...You’re going to have to bite the bullet. You are going to have significant budget cuts and you may well have to see some tax increases as well because I’m not sure you’re going to be able to do it on the budget (spending) side.”

-- David Wyss, chief economist at Standard & Poor's, speaking at the National Conference of State Legislatures' fall forum Saturday

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