46 State Governments Bankrupt, Eventual Shut Down

[Watchman]

46 State Governments Bankrupt, Eventual Shut Down

http://www.davidduke.com/general/america-going-bankrupt-state-by-state_17166.html
3/15/2010

America Going Bankrupt State by State

The next stage of the Obama Depression is beginning now–the financial collapse of individual states.

USA Today reports: “Residents eager to get their state tax refunds may have a long wait this year: The recession has tied up cash and caused officials in half a dozen states to consider freezing refunds, in one case for as long as five months. States from New York to Hawaii that have been hard-hit by the economic downturn say they have either delayed refunds or are considering doing so because of budget shortfalls. New York, hit with a $9 billion deficit, may delay $500 million in refunds to keep the state from running out of cash, says Gov. David Paterson. Hawaii’s Department of Taxation says some residents may not see state income tax refunds until the end of August… Officials in the following states say they have had to delay issuing refunds or consider doing so because the state might not have the cash on hand to cover the checks: Hawaii, Alabama, North Carolina, Kansas, Idaho, New York.”

A number of major American cities are also nearly bankrupt, including Obama’s home town of Chicago and the perpetual black-run basket case known as Detroit. The city authorities in Detroit have announced plans to shrink the size of the city by bulldozing large tracts of abandoned buildings and simply letting nature come back and take over, rather like what happened in White-built colonial cities in Africa when blacks took over and they more or less returned to the jungle.

We haven’t seen the worst of the Obama Depression, not by a long shot. Many of these bankrupt states and cities are going to be be forced to take the obvious step of cutting or abolishing the pensions for retired workers, leaving millions of people with just a few dollars per month, with much of their value inflated away by Obama’s runaway spending, leaving them with a cat food diet. White people need to wake up and take back America.
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[vamjok]

stupid too big to fail bailout scheme.

tons of nobel laurete in economic has already warn against bailing out those big companies, should let them fall and things will recover faster.

backside itchy la

 

[uncleyap]

The arrival of the inevitable is unstoppable.. Does that make any sense?:p

Soviet Union was gone in similar way, and USA's turn will come, slowly but surely, and may be not too slowly. I said these since Bush's era, because I knew that idiot was the trigger of the events. Obama is only the follow-up.

For USSR, Gorbachev was the trigger and Yeltsin was sort-of the follow-up.

 

[palden]

temasek can always buy them out. US will be a province of Singapore!

 

[kiss]

Maybe USA should model Venezuela and become socialist or communist country, too many indian chiefs. It would also be good to use Kim Jong Il style of administration in USA... give every bastards/bitches real good times.