Hang on folks -- it's going to be a bumpy ride. Just for a little info. -- I'll use two states, because I do know their basic figures -- Ill. has a "budget gap" of about 16 BILLION, on a budget of about 32 BILLION. Texas has a current "shortfall" (notice how those who want secession, who call themselves "fiscal conservatives" use words that try to minimize DEBT, try to minimize the fact they are either wastrels and spendthrifts, or unable to write a real budget - IE: stupid)
of 25 BILLION on a budget of 95 BILLION. I'm not even mentioning California, New Jersey, or any other States that are about to go down the tubes (can you say - Michigan. Now, I have read that our Republican "leaders" (if by "leaders" you mean idiots elected to do the bidding of extreme right-wing millionaires, while pretending to be some form of "populist") want to make it possible for states to declare bankruptcy. As The laws are currently written, there is no way for a STATE to declare bankruptcy.
State bankruptcy would make it possible to break unions, break pension agreements, destroy any "security" civil servants have.
I'm not saying there is no crisis -- but it seems it's more important for "conservatives" to break the unions than it is to fix the system. They are doing almost everything to keep the economy from growing, thus making the problem worse.
If you destroy the American economy, and then blame it all on workers, what's left of the "middle class", and Civil Servants, instead of on the machinations of Wall Street, you are serving a master who opposes the American people, freedom, and our Constitution.
This is a plan to replace our current Republic with a form of Theocratic State Socialism.
I do hope I'm being alarmist - but I fear I'm not.
Realtor.com Reports Active Inventory Up 26.5% YoY
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