Shape of 'jobs budget' depends on the state

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Indiana Gov. Mike Pence and Maryland Gov. Martin O'Malley have both introduced what they call a "jobs budget," but the similarities are in name only and highlight just how far apart Democrats and Republicans stand on the idea of finding work for their unemployed residents.

Both governors delivered spending plans to state lawmakers last week. The Republican Pence's proposal centers on the idea that a cut in the personal income tax will jolt the state's economy. Democrat O'Malley puts more money in his plan in hopes it will result in tens of thousands of new jobs.

Both states have AAA bond ratings. And both leaders could find their performance on jobs the key should they vie for the biggest job of all - president.

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