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The Perilous Condition of States, and Why You Should Worry

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"One of the most frightening and underappreciated bumps still ahead on the road to economic recovery is the perilous condition of the states, which figure to be struggling with big budget problems for perhaps two more years, even if the national economy seems to be recovering," writes Gerald Seib in the Wall Street Journal's Capital Journal blog. "A new report from the Pew Center on the States and Pew’s delivers a graphic reminder. California’s fiscal mess is well known, but the report looks at nine other states that are at risk of sliding down the same slippery slope."