The clock is ticking on Pennsylvania lawmakers to close a state budget gap projected to be between $750 million to $1 billion by July but Pennsylvania is much better off budget wise than its neighbors according to Rob McCord, Pennsylvania treasurer. McCord notes that $1 Billion is significantly less than New Jersey's $11 Billion deficit and New York's $9 Billion deficit. But rather than shutting up McCord goes on to note that Pennsylvania is projected to run a $46 Billion deficit in its state employee pension, in addition to that $1 Billion deficit, over the next fourteen years. But don't worry unions he is still for defined benefit programs (i.e. pensions). By the way he is a Democrat and rose five times as much in his campaign in 2008 against his Republican challenger. So I think it is a safe bet that he'll be the Governor of Pennsylvania in 2012.
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