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will hello, everyone. welcome back. i want to start with these pictures. i want to back up and explain what we ve been watching. this is mont belvieu, texas, right about 30 miles due east of houston. and we heard from this company s spokesperson because what is essentially on fire is a refinery. it s enterprise products. spokesperson for the company, rick raine ye was just on the air and this is what he said. this explosion that triggered these massive flames happened around noon central time. this facility you re looking at apparently stores natural gas liquids. he did tell us, of course, company personnel are on site as well as fire and police. he said that the company is very much so trained to deal with this kind of situation. obviously they re trying to control this fire, whether that means allow it to burn out or not. here s the big headline at this point in time that we re still digging on as well. there is one person, according to the spokesperson, from this pla ....
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, drivers, real people pay. so for the two at the top i m joined by my colleague, jim acosta, who has ....