10 States Face Bankruptcy

The following article should come as no surprise. As the Federal Government runs out of cash, they slice their state-aid budget....so the states start running out of money and they pass it down to the counties, cities and townships. It seems every one wants to pass the buck.

Ten states are facing imminent bankruptcy, confounding any possibility of economic recovery as tax revenues continue to decline and unemployment increases nationwide, Jerome Corsi's Red Alert reports.

Those states in fiscal peril include California, Arizona, Rhode Island, Michigan, Oregon, Nevada, Florida, New Jersey, Illinois and Wisconsin.

The 10 states, accounting for approximately one-third of the U.S. population, face declines in tax revenue as unemployment now officially tops 10 percent and budget gaps that mean higher taxes loom in the future. State government officials have been laid off, key social services including prisons and police are strained and schools have been closed.

Read it here; http://www.wnd.com/index.php?fa=PAGE.view&pageId=116195

It's interesting to note that the biggest boom states of CA, FL, AZ and Nevada are in the list of the biggest bust states. Funny how that goes. We all know the rule, "The higher they go...the further they fall."

It is my understanding that God will continue to rip away our false idols until we repent and seek His face....only then will we have a chance that He will heal our land.

As of today with shootings, porn, homosexual perversion, greed, gluttony, and a TOTAL LACK OF FEAR of our Creator....I'm not holding my breath that much repentance is on the near horizon.