next two years because you ll probably hear those even for longer than that. key words about what is going to happen to business and government. the hard part is defining the this and the that and deciding how much. it s not just a problem for washington. almost every state has rung up and struggled to close budget gaps during the great recession and so far 44 states and the district of columbia expect shortfalls in fiscal 2011 which starts by the way july 1st. that means cuts in services, higher taxes, or possibly both. budget cuts in washington are going to make state budgets even harder to balance. check it out. in 2008 the federal government spent or sent rather the states more than a quarter trillion dollars just to fund medicaid. lesser amounts went to transportation, education, housing, and farming. when those amounts are trimmed in congress, farmers, students,
books and a large majority cannot pay back the money they borrowed from uncle sam to cover the payments, and sarah palin saw it coming. fat strings attached to the funds, you should have known back then, a lot of us swerve governors vetoed the funds and we re overridden by republican led legislatures to accept the funds anyway and look where we are, two years down the road, like, we told you so. martha: on follow the money eric bolling, the host joins me now, and now she isn t alone and a lot of people say it is coming down the road and here it is. that was from last night and it was really based on the story we heard yesterday, that there was a bipartisan group of governors somewhere around 30, who were looking to in other words close their budget gaps without raising tax and looking to cut spending and i said what should they do and she had the answer and then today, we find out, one step further, somewhere buried in next year s budget,
hampshire, in those states based far less on real estate and the question i have now, eric, if the government decides to give them relief, you know, on money owed back to the government, will that be with strings attached? or, spending cuts need to be attached to the relief. that is a great question, if you listen to the answer governor palin said. there were no strings attached and there should have been fat strings attached and that was the problem. we have begin the states, we, taxpayers, have given the states $150 billion of stimulus from the stimulus program and they want more now and will ask for more and we shouldn t give it to them and figure out a way to get intending down, and close the budget gaps and as the real estate markets recovers and it will, martha, real estate prices will go back up, and property tax revenues will go back up to help out as well and we need to not allow the states to borrow again from uncle sam, us the taxpayers because they will keep doing it over
unclear here at the white house who will fill the power vacuum. that s still a big question, t.j. ed henry for us at the white house. ed, thank you as always. coming up later, we ll be talking to a scholar on egypt. he s a notre dame professor who is going to be joining us in just about ten minutes here at the bottom of the hour. also new this morning, the tsa is testing new software that makes the controversial airport body scanning machines less revealing. it shows just a jenngeneric out of the body rather than actual physical characteristics. and they re just seen by the screeners and the travelers. it s being tested at airports in atlanta, in washington and in las vegas. up next on american morning, could florida s turnpike soon become s disney turnpike? states try to close those budget gaps and come up with creative ways to make money. and america s out-of-control cholesterol problem. is the medicine you are taking even making a difference? a startling new study coming
are pushing to bring vegas style casinos to help fill some of those budget gaps. the advocates are like casinos could raise billions of dollars for our state and create much-needed jobs. critics are like legalized gambling is not a way to solve florida s budget problems. phil keating with both sides live from miami beach tonight. it appears he is driving. be careful, please. is the idea who tap into what vegas has or build a new vegas in florida or what is it? it would not emulate the vegas strip what what it would be is bringing when n. what vegas can deliver. that s a whole lot of revenue especially for the heavily indebt state budget. $3.5 billion this year. so let s say you come to florida on vacation and you go to miami beach or drive ocean drive, you have all the art deck co-hotels. this place has pretty much everything. the sun, the sand, the surf. it does not have a casino resort on the beach. well, that s the proposal now being floated that s going to be introduced in tallah