AuthorTopic: Zombie States  (Read 1362 times)

Offline Eddie

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Zombie States
« on: June 23, 2016, 07:14:36 AM »
It begs the question: "How long can a state government make promises it can't keep?"

Who will bail out these profligate money-wasters, with their burgeoning bureaucracies and their unfunded pension obligations?



http://wolfstreet.com/2016/06/23/worst-zombie-states-in-america-deteriorate-faster-further/

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Offline Eddie

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Re: Zombie States
« Reply #1 on: June 23, 2016, 07:17:27 AM »
Actually, it looks like two distinct groups here. One group has a decent tax base but too many unfunded obligations. The other group of states has too many unfunded obligations too, I'm, sure, but their real problem is that they are extremely poor.
« Last Edit: June 23, 2016, 07:33:32 AM by Eddie »
What makes the desert beautiful is that somewhere it hides a well.

Offline RE

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Re: Zombie States
« Reply #2 on: June 23, 2016, 10:56:03 AM »
It begs the question: "How long can a state government make promises it can't keep?"

Who will bail out these profligate money-wasters, with their burgeoning bureaucracies and their unfunded pension obligations?

That's a rhetorical question, right?


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Offline Eddie

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Re: Zombie States
« Reply #3 on: June 23, 2016, 11:00:26 AM »
They can have the forty billion ear-marked for Israel, as far as I'm concerned.
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Offline JRM

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Re: Zombie States
« Reply #4 on: June 23, 2016, 04:30:55 PM »
Yeah, that military aid to Israel makes both my head and my heart hurt. It makes zero sense. Zip. Nada.  Total insanity.
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Offline RE

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Re: Zombie States
« Reply #5 on: June 23, 2016, 04:45:39 PM »
Yeah, that military aid to Israel makes both my head and my heart hurt. It makes zero sense. Zip. Nada.  Total insanity.

Not from the POV of having a Military Base from which to control the flow of Middle East oil.  That's the whole reason the Brits set up Palestine after WWI.

Now, once we had bases in Egypt and Saudi Arabia, Israel was a little redundant,  but now that Saudi is turning nasty to the FSoA and Egypt is basically a failed state, the Israel Military base once more has strategic importance.

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Offline Eddie

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Re: Zombie States
« Reply #6 on: June 23, 2016, 05:46:30 PM »
But it's also a very good conduit scheme. We give Israel money and they spend it on jets made by the MIC, and missiles, and electronics and who knows what, which is all money in somebody's pocket. The aid money has strings tied to it that guarantee profits for corporate fascists.
What makes the desert beautiful is that somewhere it hides a well.

 

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