IT’S THE SPENDING, STUPID

  Why Are States So Strapped for Cash? There Are Two Big Reasons. “The proportion of state and local tax revenues dedicated to Medicaid and public pensions is the highest since the 1960s.” And of course there wasn’t even any Medicaid …

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IT’S THE SPENDING, STUPID

Here Is Goldman’s Chart Showing Why The US Is Headed For “Banana Republic” Status. Earlier today we discussed a report by Goldman Sachs which, when summarized, suggested that unless something significant changes in the coming years, the current US fiscal …

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