Detailed text transcripts for TV channel - CNN - 20100320:12:18:00
Country. michigan, detroit's hit so badly in this recession, they've got $1 billion from the stimulus just for the education system alone there, and most of it already spent. now go over to california. $6 billion there from the stimulus just for the education system, and the vast majority of that has already been handed out. another stark example is in new york. they're expecting a $2 billion shortfall after the stimulus money runs out there in new york. so those are just a few examples of what we're seeing when we hear about this thing called the cliff. unless i hear otherwise i'll take a wal...