More Nervous News…

More nervous news about the debt/deficit. It’s beginning to hit the fan. State governments will be suffering huge shortfalls this next year, and longer. The “stimulus” is beginning to run out so they won’t be able to hide their deficits any longer.

There is good news. The Republicans have a head start since their districts, etc didn’t receive as much of the “stimulus” last year – translation: cronyism won’t be working much longer.

The bad news for Republicans – they’re going to have to clean up the mess. Hopefully they will look to Governors Mitch Daniels/Chris Christie for guidance.

See here for full story: http://www.ft.com/cms/s/0/eb39cc88-7a1b-11df-9871-00144feabdc0.html

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