Guess Who Leads the Bribery World?
The USA is the most corrupt country in the world and I have 10,000 posts that point heavily to that fact…

As The States Go Bankrupt… December 25, 2010

60 Minutes
Image via Wikipedia

State Budgets: The Day of Reckoning (CBS’s “60 Minutes”) “The most alarming thing about the state issue is the level of complacency,” Meredith Whitney, one of the most respected financial analysts on Wall Street and one of the most influential women in American business, told correspondent Steve Kroft… “It has tentacles as wide as anything I’ve seen. I think next to housing this is the single most important issue in the United States, and certainly the largest threat to the U.S. economy,” she told Kroft. Asked why people aren’t paying attention, Whitney said, “‘Cause they don’t pay attention until they have to.”…And nowhere has the reckoning been as bad as it is in Illinois, a state that spends twice much as it collects in taxes and is unable to pay its bills.

http://theinternationalforecaster.com/International_Forecaster_Weekly/Spoiled_Nations_Reflect_A_Spoiled_Economy?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+theinternationalforecaster%2FiJUr+%28theinternationalforecaster.com%29&utm_content=Google+Reader

http://www.cbsnews.com/stories/2010/12/19/60minutes/main7166220.shtml?tag=contentMain;cbsCarousel

Enhanced by Zemanta
Comments (0)

$2tn debt crisis threatens to bring down 100 US cities | Business | The Guardian December 21, 2010

More than 100 American cities could go bust next year as the debt crisis that has taken down banks and countries threatens next to spark a municipal meltdown, a leading analyst has warned.Meredith Whitney, the US research analyst who correctly predicted the global credit crunch, described local and state debt as the biggest problem facing the US economy, and one that could derail its recovery.”Next to housing this is the single most important issue in the US and certainly the biggest threat to the US economy,” Whitney told the CBS 60 Minutes programme on Sunday night.”There’s not a doubt on my mind that you will see a spate of municipal bond defaults. You can see fifty to a hundred sizeable defaults – more. This will amount to hundreds of billions of dollars’ worth of defaults.”

via $2tn debt crisis threatens to bring down 100 US cities | Business | The Guardian.

Comments (0)