While everyone is 'distracted' by the ongoing kabuki theater (a.k.a. manipulation nation) on the national level, no one is noticing the fact that while the USG has the FED to print all the money it wants to spend (errr....borrow), our States do not have this option. States are laying off employees, cutting back on services, and are underfunded in their pension plans.
So, while the US "appears" to have 50 States, the financial reality is there are:
- 20 Portugals
- 15 Italys
- 10 Irelands
- 3 Greeces
and
- 2 Spains
Saturday 25 June 2011
Keeping up "appearances".............from Rico
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