Tuesday, 6 July 2010

States and Finance

If you have five minutes today...go to "FT" and read a fascinating article over regional financial spirals.

What they are suggesting....is that states are spiraling out of control over finance and revenue. California, New York and Illinois are all about to become the same story as Greece.

States like Texas, Mississippi, and Montana will be the "Germanys" of the US....which avoided huge cost overruns. Toss in Bama as well.

Who will rescue those in need? That will become a major question in 2011 as the trend continues.