posted on Jan, 16 2009 @ 03:55 PM
States and entire cities are now beginning to go broke folks, some states like California are weeks away from being entirely without finances to
operate the state.
How long before we see public benefits stop flowing, city buses and trains stop running, even worse how long before entire cities can no longer afford
to pay for sanitation workers or even worse fire and police protection?
To me it seems likely if not inevitible, if the economy does not improve soon we are bound to experience some serious budget shotfalls. Would the
federal gov bail these states out? Or better yet, would the fed be able to bail out municipalities if entire states start to go bankrupt one after
Could we see this happen? Picture an entire state like Michigan with no police force active. Perhaps this is why they are training the military to be
domestic police? Maybe they know what is coming?
Bankrupt state governments are no longer speculation, there are several teetering on the verge of going broke as we speak. What would be the first
things to be cut? Im thinking unemployment benefits, welfare and maybe even SSI could stop being mailed out. Police would probably be the last to go
because they are the only thing keeping criminals from taking over entire cities.
Thoughts? Comments? What are things looking like where you live?