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Drastic financial remedies are no longer limited to California, where a historic budget crisis earlier this year grew so bad that state agencies issued IOUs to pay bills.
A study released Wednesday warned that at least nine other big states are also barreling toward economic disaster, raising the likelihood of higher taxes, more government layoffs and deep cuts in services.
The report by the Pew Center on the States found that Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin are also at grave risk. Double-digit budget gaps, rising unemployment, high foreclosure rates and built-in budget constraints are the key reasons.
The analysis, "Beyond California: States in Fiscal Peril," urged lawmakers and governors in those states to take quick action to head off a wider catastrophe. The 10 states account for more than one-third of the nation's population and economic output, according to the report.
Originally posted by PlausibleDeniability
Red vs Blue blah blah blah
Why do you guys do this? Its pointless and futile.
I don't get it...
Originally posted by dizziedame
This is good news to me.
I want to officially nominate Atlanta as the new Capital.
Since the blue states are leaving we get to keep the eagle as our country's bird.
There will be some sorting out to be done concerning sports. You may possibly get a visa for the games.
Happy days are here again.