Cap and Trade

Patterson’s Bold Carbon Gamble

November 2, 2009 - 11:38am


California's state budget gap was about $40 billion this year. New York's some $50 billion. Every state in the Union is struggling with drastically lower revenues and higher costs for services of every kind, washing state capitals with red ink. At the polls next year, governors who are facing elections - - including Governor David Patterson of New York - - may find themselves politically drowned by such gargantuan deficits.

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