On Sunday, “60 Minutes” did a segment on state budget problems. Both video and a transcript are available.
The segment is worth viewing, especially for those who lack familiarity with the issue. While I don’t agree with some of its comments, it provides a good overview of the situation and some of the complexities involved.
I have written a few posts on the state budget issue. I believe its severity lacks recognition.
A Special Note concerning our economic situation is found here
SPX at 1247.08 as this post is written