Inside the Dire Financial State of the States – TIME http://www.time.com/time/nation/article/0,8599,1997284-1,00.html EXTRACTS How the Money Ran Out For the first time in four decades of collecting data, the National Governors Association (NGA) reports that total state spending has dropped for two years in a row. In hard-hit Arizona, for example, the state budget has sagged […]