United States of IOU?
California better reckonize!
That bitch has been out there behaving like a first-rate famewhore on the red carpet – totally hogging the ‘We Suck at Solvency’ spotlight! But she better step to the side because hers isn’t the only game in town anymore!
Oh ho no!
A new study by the Pew Center found that double-digit budget gaps, rising unemployment, high foreclosure rates and built-in budget constraints have brought Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin to the precipice of joining Cali in the pageant of impovrished places pockmarking the American landscape.
::: Ten’s a crowd! :::
These states are fucked financially for basically one of three reasons:
1. They rely too heavily on one type of industry
::: diversity of DIE :::
2. They have a history of persistent budget shortfalls
::: finance FAIL :::
3. They face legal constraints that make it too hard to implement major changes, such as tax increases
::: judiciary JAM-UP :::
And it’s all a big ol’ bunch of SUCKS TO BE THEM until you realize that this mess is five slices of Serious Shit Pie because these piss-poors combine to account for more than one-third of the entire, whole and complete nation’s population and economic output.
!! STICKY SITCH ALERT !!
“Decisions these states make as they try to navigate the recession will play a role in how quickly the entire nation recovers,” one of the Pew peeps professed.
NO PRESSURE GUYS … but, uhh, could you get with the A program, so all of America doesn’t have to keep suffering?!?
Pretty please with a big ol’ stimulus check on top?
Entry filed under: blogging, culture, entertainment, fun, funny, Gossip, government, humor, life, media, News, Politics, poverty, reporting. Tags: Arizona, California, crisis, economics, economy, finance, Florida, illinois, michigan, Nevada, New Jersey, News, oregon, people, Pew Center, random, report, research, rhode island, study, thoughts, Wisconsin.