Mass Layoffs Coming One Way or Another
“…massive layoffs of city and state workers and turmoil in the bond market. That kind of thing alone is enough to send the U.S. back into…”
Continue readingbankrupt states
This Is How A State Goes Bankrupt, Illinois Edition
Even in the absence of a pandemic lockdown, mass defaults on state and city obligations would be inevitable. Now, defaults are coming next year…
Continue readingBig Tech Censor Storm Hits Election Season As Economy Continues To Flounder
The economy continues to flounder. Unemployment filings got closer to 1 million with 890 new filings this past week. States like Illinois are…
Continue readingHelicopter Money and the End of Taxes
Rather than right the ship, the “easy fix” is to distribute “free money”–not just to billionaires and corporations but to everyone…
Continue readingCalifornia Is TOO BROKE To Pay Its Pensions But Will Explore Paying ‘Reparations’ To Blacks Who Were NEVER Slaves
California is still choosing to bypass the pressing needs of its own citizens with the creation of a new reparations task force, which will decide…
Continue readingLocked Down & Unemployed: The Fed’s Solution?…Bring On The Inflation!
State & local governments are looking to raise taxes, and the Fed, enabler of big government, intends to escalate the counterfeiting of dollars on top of…
Continue readingThe Shutdowns DESTROYED LIVES – Now The Government Wants To HIKE TAXES To Pay For It!
The state is kicking people while they are down, under the guise of “helping them”…
Continue readingWelcome To The Third World: California Makes Its Case For A Bailout
The descent from the illusion of prosperity to the reality of bankruptcy continues…
Continue readingNew York tax revenue down $8 billion, or 68%, compared to last April
But New York did receive over $5 billion from the federal government’s CARES Act, and the city is…
Continue readingMnuchin: $150 Billion For States Already Gone, No Bailouts For States With Badly Managed Budgets
Mnuchin picks-up this Tuesday where Trump left off on Monday, and it’s not looking good for the poorly run states…
Continue reading