When George Bush put restrictions on under what circumstances the federal government would fund stem-cell research, at least two states, California and Massachusetts, stepped up to announce that they would fund such research themselves, California put aside $3 billion and Massachusetts, $1.25 billion. Effectively, they thumbed their noses at Bush and played Mother Teresa to Bush’s Ebenezer Scrooge
Now California is running short of funds and has floated a trial balloon that it might have to ask the U.S. Treasury for a loan of $7 billion. See California Loan I predict that Massachusetts will probably be soon in the same predicament as its reputation for fiscal restraint under Deval Patrick is not stellar. See Budget Problems
May I posit that our Treasury Secretary, Hank Paulson, should respond to these hat-in-hand requests with the suggestion that these states first find the money in their stem-cell research kitties?