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10 States Face Serious Financial Challenges

Posted by Greg L on November 13, 2009 · Leave a Comment

This is from CNN Money. New Jersey along with nine other states face very some very significant financial problems. States like California, Illinois and Arizona face budget gaps in excess of 40%. In other words, these states only have about half the revenues they need to fund their operations. That’s like having total monthly household expenses of … Continue reading →

Filed under Financial Crisis · Tagged with Arizona, California, Financial Crisis, Illinois, New Jersey, state bugets

California on the dole and bums money from citizens

Posted by Greg L on November 4, 2009 · Leave a Comment

The state of California accounts for something like 13% of US GDP and if it were a separate country, it’d be the 9th largest in the world from the standpoint of economic output. So, if California is having problems, then one can assume that they’d be significant to the overall US economic picture. That state is on … Continue reading →

Filed under Economics, Financial Crisis · Tagged with California, Financial Crisis, tax withholding

“If we remain poor and dependent, the riches of other men will not avail us. If we are ignorant, the intelligence of other men will do but little for us. If we are foolish, the wisdom of other men will not guide us. If we are wasteful of time and money, the economy of other men will only make our destitution the more disgraceful and hurtful. “
Frederick Douglass
“If you form the habit of going by what you hear others say about someone, or going by what others think about someone, instead of searching that thing out for yourself and seeing for yourself, you will be walking west when you think you’re going east, and you will be walking east when you think you’re going west. This generation, especially of our people, has a burden, more so than any other time in history. The most important thing we can learn to do today is think for ourselves.”
Malcolm X
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10 States Face Serious Financial Challenges

California on the dole and bums money from citizens

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