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State Budgets in Big Trouble in 2010. How Bad Is it In Your State? Find Out.

Gary North
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Feb. 7, 2011

These states are facing budget shortfalls of immense proportions: California, Oklahoma. Arizona, Illinois, Hawaii, New Jersey, New York, Nevada, Colorado, and Michigan. (http://bit.ly/StateBudgets) Three of these are huge: California, Illinois, and New york. They have votes in Congress.

We see once again that profligacy rules in boom times, and kick-the-can reigns in worse times.

We have yet to see truly bad news. It's pretty bad today over $3 trillion in unfunded liabilities.

How bad is it in your state? Click your state's map. (Map takes a while to download.)

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