MORE OF THE SAME

Daily the American public views reports on how bad the financial situation is for the federal government. There is no question that the United States of American is literally trillions of dollars in debt. What does not get much publicity is the terrible financial condition of many of the individual states.

In a word, many states are broke.

There is an interesting statistic that shows how badly many states are doing. An economist has taken the known money debt of the individual states and compared that debt total to the state's annual budget. The results are far from positive. Worst of the 50 is Nevada whose outstanding debt is equal to 54% of its annual budget. Illinois was not far behind with a 41.5% figure and was followed by Georgia (26.2%); South Carolina (25.6%); California (21.6%); and Florida (20.2%).

Very simply these calculations demonstrate that the financial crises facing Washington is shared by many states. It has been estimated that as of June 2010 the 50 states owed a combined debt of $129,000,000,000.00. Yes, that is 129 billion dollars.

Making this realization worse is the news that during this year the unemployment rate in 26 of our states increased. Unsurprising was that the list of the worst 10 states in unemployment increases included 4 of the worse indebted states. Those four are California, Florida, South Carolina and Illinois.

The only conclusion that can be drawn is that the constant mouthing from the White House that the nation's economy has "turned" and there will be "nothing but good news" in the future has to be classified as out-in-out political lies.

Fortunately the path to economic correction can be approached and actually embarked upon in just over a month. On November 2nd there will be local, state and federal elections. Of these elections the most important are the ones for federal positions. The outcome of these federal elections will be the establish an effective barrier, if not an outright bar, for the on-going efforts by B. H. Obama to project our nation toward a liberal/socialist/progressive way of life.

As proof that the current powers in Washington are concerned about November 2nd, just observe the ever increasing attacks made by the media allies of Obama on all conservatives from the Tea Party to Rand Paul to every other anti-Obama candidate.

Here is a wish - on November 2nd all their worse imagined fears become realities.