The Watchman On The Wall

The Watchman On The Wall
Eph 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places. Verse 13 Wherefore take unto you the whole armour of God, that ye may be able to withstand in the evil day, and having done all, to stand.

Wednesday, July 5, 2017

Did You Know That 32 States Are Officially Bankrupt!

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Courtesy of Economic Policy Journal we now know that the majority of American states are currently insolvent, and that the US Treasury has been conducting a shadow bailout of at least 32 US states. Over 60% of Americans receiving state unemployment benefits are getting these directly from the US government, as 32 states have now borrowed $37.8 billion from Uncle Sam to fund unemployment insurance. The states in most dire condition, are, not unexpectedly, the unholy trifecta of California ($6.9 billion borrowed), Michigan ($3.9 billion), and New York ($3.2 billion). With this form of shadow bailout occurring, one can only wonder how many other shadow programs are currently in operation to fund states under the table with federal money. 

Below Lynette Zang discusses the pension crisis.
https://www.youtube.com/watch?v=jrC4_PbOnVc

The full list of America’s 32 insolvent states is below, sorted in order of bankruptedness.  
California
$6,900
Michigan
3,900
New York    
3,200
Penn.
3,000
Ohio
2,300
Illinois
2,200
N.C.
2,100
Indiana
1,700
New Jersey  
1,700
Florida
1,600
Wisconsin
1,400
Texas
1,000
S.C.
886
Kentucky    
795
Missouri
722
Connecticut
498
Minnesota   
477
Georgia
416
Nevada
397
Mass.
387
Virginia
346
Arkansas
330
Alabama     
283
Colorado
253
R.I.
225
Idaho
202
Maryland    
133
Kansas
88
Vermont
33
S.D.
24
Tennessee
21
Virgin Islands
13
Delaware

12

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