States going deeper into debt - Jul. 30, 2010
NEW YORK (CNNMoney.com) -- The states are broke, and like many consumers, they're borrowing big time to get out of their fiscal binds.
The amount of debt that states are carrying spiked 10.3% last year to $460 billion, according to Moody's Investors Service. The debt is paid for through taxes and fees, making residents ultimately responsible.
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Honestly, it amazes me that this situation is getting so little attention. While the press covers Chelsea Clinton's wedding plans, half the states are becoming insolvent.
2 comments:
So who says the media only report the bad news?
Who says this is good news? Remember, this young lady was procreated by two lawyers -- and will now be encouraged to breed more little Clintons... at a wedding that will cost millions?
How far could half of that money gone to feed the homeless, etc.?
Shame on them. They could have sent those millions to Haiti if they don't want to help the suffering in our own nation.
NO ONE needs to have a multi-million dollar party/wedding nowadays. We should be grateful that Hillary was NOT elected President -- and that Obama's girls will not be wedding material while he is in the White House?
We can all wish them well and good riddance. They are not news anymore. Not even close.
Why haven't we heard about the pre-nup? The honeymoon destination. The color of her attendant's dresses -- and all of those other crucial issues. NOT!
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