Want Even More Reasons to be Pessimistic About the Economy?: The State of State Budgets Around America

Fascinating interactive graphic from the Wall Street Journal. If you're in state government or a taxpayer in any state (hmmm, I guess that includes all of us Americans!), we have a reason to be greatly concerned about the state of state budgets (and local ones as well!).

See http://s.wsj.net/public/resources/documents/st_STATEBUDGET100414_20100414.html.

David

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States Face $127 BILLION Budget Shortfall As Stimulus Dries Up

Image via CrunchBase

The budget bomb will hit next year - if the states and the feds don't get everyone's house in order, get your wheelbarrows ready for going to the grocery store, as inflation and interest rates will skyrocket because the printing presses will have to being rolling off sheets of "dolla, dolla bills" 24/7/365 to pay for all of this.

Read the Article at HuffingtonPost

David http://wyld-about-money.blogspot.com/

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Foreign flagging of offshore rigs skirts U.S. safety rules

The BP oil spill and the lack of regulation that was taking place before the Deepwater Horizon explosion that started it all becomes more amazing every day! Read this story out today from the L.A. Times - guess who was responsible for inspecting the safety of the offshore rig? Nah, not OSHA! Not in your wildest guesses will you get this one without reading this article - see:

http://www.latimes.com/news/nationworld/nation/la-na-oil-inspection-20100615,0,3043517,full.story 

You can now clean-up in an office break room or bar bet on this one!

David

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