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Individual liberty anywhere is a threat to the Progressive-Collectivist Cause everywhere.
Taken as a whole, the states are bankrupt already – with at least $18 trillion in hard debt that’s not on the books.(full story by Frank Keegan at watchdog.org)According to the Center on Budget and Policy Priorities, the overall “fiscal situation of states and localities” does not “require drastic and immediate measures … to avoid an imminent meltdown,” because “modernizing revenue systems” – tax and fee increases – coupled with a “budget processes … overhaul” will solve the problem over the next few decades.
This national crisis is bigger than Republican or Democrat, left or right, conservative or liberal. It requires radical action now to prevent certain future calamity.
In 2009 we hit a tipping point. For the first time in history, states paid more for “Insurance Trust Fund Expenditures” – mainly pensions — than for “Salaries and Wages,” according to Final Fiscal Year 2009 State Government Finances data just released by Census.
Basically that means we are paying those who no longer work for state governments more than we pay those who do. The trend is intractable and accelerating.
U.S. Congress approves Indian Territory (in what is present-day Oklahoma), clearing the way for forced relocation of the Eastern Indians on the "Trail of Tears" (1825)
The Young Left is founded in Norway (1909)
b: Samuel Gompers (1850), Gottfried Feder (1883); d: Thomas Crapper (1910)