States will not be bailed out...so don't worry about it... Worry about the aftermath...which will be a deepening of the Depression...
Basically EVERYONE...including cities and states got "into" the Greenspan/Bernanke BUBBLES FOREVER ECONOMICS... Now the price is being paid...
The Bubbles Forever Economics was designed to "mask" the off shoring of manufacturing jobs....the idea being that Americans didn't need to "make things"...they could just trade paper and make money without working (like the elites do all the time)... The problem is that that system does not work for the masses of people... Some people can get rich speculating in worthless financial paper...but not everyone...
Eventually the Bubbles Forever Economic thinking "sloshed" into Real Estate...and the looting of the economy went to the next level...
Right now the FED is desperately trying to "restore" the asset bubble on Wall Street...which is a fairly hermetically sealed market that can be manipulated easier than the local real estate market... Hence the huge bonuses on WallStreet.
The problem is that you can't cure a Bubble Economy with more Bubbles. And there was structural damage in 2008 that prevents "going back" to the old Bubble Model...
But unless the FED can restore the paper asset bubble on Wall Street nothing else means anything... Because everyone knows that jobs are NOT coming back...and "small business" can not thrive without a Big Government/Big Business Jobs base...
Small business can not "bootstrap" it self to prosperity...it needs a wage base that needs...AND CAN PAY FOR...services... This is completely ignored in the media which tends to latch onto mantras...
I support the total collapse of the states...close the parks, libraries, and schools...make college outrageously expensive, stop maintaining the roads, let the weeds grow... We simply must wise up the Teabaggers about the consequences of being the willing dupes of International Capital and Wall Street...
There are still many lessons to be learned in America...we are no where near done.
