PEOPLE, WE NOW SEE THE FINAL DAYS OF THE AMERICAN REPUBLIC. WE HAVE PIPED BUT YOU HAVE NOT LISTENED. WE KEPT SINGING BUT YOU STOPPED-UP YOUR EARS. NOW YOU HAVE BEEN BROUGHT FACE TO FACE WITH THE THREATENED DAY. THE JIG IS UP!
THERE IS NO FANDANGLING NOR IS THERE ANY AMOUNT OF HOCUS POCUS THAT CAN BE CONJURED UP TO PRESENT THIS ECONOMIC TURD AS GOLD LACED PANTS.THE ECONOMIC SITUATION THAT AMERICA NOW FACE IS REACHING CRITICAL MASS.IF YOU DON’T BELIEVE US SEE FOR YOURSELF…(COURTESY OF GLOBAL RESEARCH)
Courtesy of Economic Policy Journal we now know that the majority of American states are currently insolvent, and that the US Treasury has been conducting a shadow bailout of at least 32 US states. Over 60% of Americans receiving state unemployment benefits are getting these directly from the US government, as 32 states have now borrowed $37.8 billion from Uncle Sam to fund unemployment insurance. The states in most dire condition, are, not unexpectedly, the unholy trifecta of California ($6.9 billion borrowed), Michigan ($3.9 billion), and New York ($3.2 billion). With this form of shadow bailout occurring, one can only wonder how many other shadow programs are currently in operation to fund states under the table with federal money.The full list of America’s 32 insolvent states is below, sorted in order of bankruptedness.