Almost Half Of US States Are Officially Broke

Almost Half Of US States Are Officially Broke (ZeroHedge, May 12, 2015):

At least 22 states are facing budget shortfalls thanks to a combination of fiscal mismanagement and falling oil prices. The negative impact on the public sector has been dramatic suggesting that in the event of a sustained economic downturn, citizens’ patience for austerity could wear thin leading to political instability and social unrest.

2 thoughts on “Almost Half Of US States Are Officially Broke

  1. The states are but a reflection of the governments……they reflect the nations….All western nations are deeply and irrevocably buried in debt.
    No surprise.

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