Deadbeat states

posted by
December 21, 2010
Barely A Blog
by Ilana Mercer  
Posted in Commentary

"Socialism is secondary to state squandering — and a consequence of it. America is a debtor nation. The defining characteristic of the Unites States is debt — public and private; macro and micro, federal and state. I sincerely hope you are not invested in municipal bonds. The '$3 trillion municipal bond market, where state and local governments go to finance their schools, highways, and other projects,' is about to come crashing down." (12/20/10)  


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