Hold the Line

It's not in the way that you hold me
It's not in the way you say you care
It's not in the way you've been treating my friends
It's not in the way that you stayed till the end
It's not in the way you look or the things that you say that you'll do
--Toto

This view from the governor of Indiana offers perspective on one of the next shoes to drop. Unlike the Federal government, the states can't print their own money. And declining revenues stemming from the sagging economy are revealing state spending excesses that must be dealt with.

We had an initial whiff from Cali last month.

It seems likely that the other 49 will be descending on Washington soon with hats in hand.