What was an effect of Louisiana's state budget deficit in 2016? The state tripled taxes.
The state asked the federal government for funding.
The state declared bankruptcy.
The state cut hundreds of millions of dollars from the budget.

The lutherans i believe. i hope this : )

In financial aspects, a depression is a sustained, long haul downturn in monetary movement in one or more economies. it is a more extreme monetary downturn than a recession, which is a slowdown in financial action through the span of a typical business cycle. a depression is an irregular and extreme type of recession. so depression is always followed by recession but it is not correct to state that a depression always follow a recession.