States across the country are in financial distress. More than half of them are facing shortfalls in their budgets for this year and next. And with times so lean there's not much fat left for governors to cut. While some governors are choosing to implement deep cuts in long-standing government programs, others are opting to enter a strange new world of taxable items (iTunes downloads anyone?). For a look at the budgetary challenges that many states face in 2009, The Takeaway checks in with New Jersey's Governor Jon Corzine and Governor Jim Doyle of Wisconsin. Last week they testified before Congress, pleading for Federal help. This week they are here on The Takeaway. What would you tax to balance the books? »
"This is the time when people are dependent on us making good decisions."
— N.J. Gov. Jon Corzine on the need to make deep cuts to the state budget and what it means for his constituents