How Much Are State Furlough Programs Helping States Balance Budgets?
Given the angst created by the furlough programs, one would hope the furloughs programs are helping states a great deal. Sadly, that is not the case at all . . .
The California budget deficit is $26 billion now and counting. Shortfalls are rising every day as is interest on IOUs. California could fire all 200,000+ state workers . . . and still not balance its budget. (Source.)