Thursday, November 17, 2011

Drowning in State Debt

We all know about the outrageous debt that our federal government is racking up, but it turns out that state governments are deeply in debt as well.   Arkansas has over $26,000 in state debt liabilities for each private sector worker, and that figure is less than the average!  I dare any debt apologist to explain to us how this is sustainable.

Debt will be the death of this Republic.   The government will become a ravenous beast scouring the country for any citizen with any wealth, that it might loot them in order to keep the unsustainable game going one day more.

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