Maine and New Jersey are shutting down, while other US states have budget problems, too:
https://www.wsj.com/articles/new-jersey-maine-shut-down-government-amid-budget-impasses-1498908538
Illinois is effectively bankrupt (and may file for it soon), Puerto Rico is broke, and even mighty California doesn't have the money to fund its Utopian vision of single-payer healthcare.
The land of plenty is rich no more ... unless you're one of the fat cats. You can read about them here:
http://www.mtexpress.com/news/blaine_county/moguls-set-to-converge-on-sun-valley/article_9eb9853a-5d1f-11e7-b817-c3d6dedbb791.html
The more we let "moguls" determine the course of our economy, the less likely we will EVER get out of the debt hole they helped dig for us.
Q: Why are we bombing goat herders in Afghanistan, when the real threats to the well-being of our nation live right here in the US?
A: We're just idiots, I guess.
And public pensions are a big part of the problem:
ReplyDeletehttps://www.bloomberg.com/graphics/2017-state-pension-funding-ratios/
Here is another discussion of the issue:
ReplyDeletehttp://www.shtfplan.com/headline-news/watch-illinois-economic-collapse-is-near-two-other-states-will-follow-in-its-footsteps_07022017