44 states are facing budget shortfalls. California is leading the way as it is expected to spend 50% more than it will generate this year.
Now that is a really scary thought. Since 2007 US states have collectively spent 300 billion more than they have generated. These deficits mean higher taxes and so far 33 states have raised taxes, but collections have plummeted to their worst levels in 46 years; you cannot squeeze water out of a rock. No jobs means no revenues but states are selling new bonds at record rates to raise funds. It’s a recipe for long term disaster.
reading this give me more knowledge about real estate
Thanks for these guidelines. One thing I should also believe is the fact that credit cards supplying a 0% monthly interest often bait consumers together with zero interest, instant acceptance and easy online balance transfers, however beware of the main factor that will certainly void your own 0% easy streets annual percentage rate and to throw one out into the bad house rapidly.