Governor Tim Pawlenty meets President - Elect Barack Obama today in Philadelphia.The slumping economy has meant big reductions in state tax revenue and leaders say without federal help more services and jobs will be cut.Pawlenty says investment in infrastructure is vital, but cautions that with all the recent federal bailouts he's worried about opening the federal wallet too wide.Pawlenty says, 'I mean we have engaged in the most massive outlay in funds in the modern history may be the entire history of the country and its monopoly money. The federal government doesn't have it.'Unlike the federal government that can operate under a deficit, state governments are required by law to balance their budgets... forcing states to either spend less or raise taxes.








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