Comments on: Beware Default from These 6 Doomed States (Yes, US States) http://www.darwinsfinance.com/default-doomed-states/ Financial Evolution: Education, Adaptation, Achievement Mon, 06 Feb 2012 15:43:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Daddy Paulhttp://www.darwinsfinance.com/default-doomed-states/#comment-4985 Daddy Paul Thu, 25 Mar 2010 01:48:03 +0000 http://www.darwinsfinance.com/?p=2040#comment-4985 I live in Michigan and I cannot even guess what the state is going to do. Income tax collections are down almost 50%. Property values are down 50% and with them the taxes are down. I would say real unemployment is 25 to 30 percent. 10% of homes are abandoned. It is ugly. I live in Michigan and I cannot even guess what the state is going to do. Income tax collections are down almost 50%. Property values are down 50% and with them the taxes are down. I would say real unemployment is 25 to 30 percent. 10% of homes are abandoned. It is ugly.

]]> By: Budgeting in the Fun Stuffhttp://www.darwinsfinance.com/default-doomed-states/#comment-4940 Budgeting in the Fun Stuff Mon, 22 Mar 2010 14:41:06 +0000 http://www.darwinsfinance.com/?p=2040#comment-4940 We live in Texas, which isn't on the list, but we don't seem to be doing so great either. My husband's school district has been on a salary freeze for 2 years and it's looking to continue. They are also laying off hundreds of teachers, increasing class sizes, and thinking about making the librarians handle two schools at once. I don't see a reduction in other governmental services, but the school systems seem to be going downhill FAST. We live in Texas, which isn’t on the list, but we don’t seem to be doing so great either.

My husband’s school district has been on a salary freeze for 2 years and it’s looking to continue. They are also laying off hundreds of teachers, increasing class sizes, and thinking about making the librarians handle two schools at once. I don’t see a reduction in other governmental services, but the school systems seem to be going downhill FAST.

]]> By: Kevinhttp://www.darwinsfinance.com/default-doomed-states/#comment-4937 Kevin Mon, 22 Mar 2010 05:14:30 +0000 http://www.darwinsfinance.com/?p=2040#comment-4937 We had a quick back and forth on Twitter about the wretched state of the economy in California- let me say that there is no hope for recovery in the near future because of the state's inability to make changes that can keep the economy stable for more than one fiscal year. Every year, there are more cuts in social services and education. Once the proudest public school system anywhere in the world, California's colleges and universities are reeling to budget deficits - forcing huge class cuts, teacher layoffs and furloughs. Even financial aid is held sometimes. We had a quick back and forth on Twitter about the wretched state of the economy in California- let me say that there is no hope for recovery in the near future because of the state’s inability to make changes that can keep the economy stable for more than one fiscal year. Every year, there are more cuts in social services and education. Once the proudest public school system anywhere in the world, California’s colleges and universities are reeling to budget deficits – forcing huge class cuts, teacher layoffs and furloughs. Even financial aid is held sometimes.

]]> By: Mariusz Skoniecznyhttp://www.darwinsfinance.com/default-doomed-states/#comment-4936 Mariusz Skonieczny Mon, 22 Mar 2010 02:29:16 +0000 http://www.darwinsfinance.com/?p=2040#comment-4936 I am with you on that. I am with you on that.

]]> By: Evanhttp://www.darwinsfinance.com/default-doomed-states/#comment-4935 Evan Mon, 22 Mar 2010 01:56:05 +0000 http://www.darwinsfinance.com/?p=2040#comment-4935 I am scared to see what will happen when the first state gets bailed out. Its going to be crazy! But the state will still be AAA rated up to the night before the bailout I am scared to see what will happen when the first state gets bailed out. Its going to be crazy! But the state will still be AAA rated up to the night before the bailout

]]> By: Mariusz Skoniecznyhttp://www.darwinsfinance.com/default-doomed-states/#comment-4932 Mariusz Skonieczny Sun, 21 Mar 2010 23:37:47 +0000 http://www.darwinsfinance.com/?p=2040#comment-4932 It is very unfortunate that so many states, including the one that I live in (Illinois), are in such terrible shape. I honestly do not see how the situation will get any better. Recently, I watched a documentary on the History channel about the state of our country's infrastructure. We have so much deferred maintenance that it is mind-boggling. States cannot finance their current operations; how are they going to finance what is actually needed? It is very unfortunate that so many states, including the one that I live in (Illinois), are in such terrible shape. I honestly do not see how the situation will get any better. Recently, I watched a documentary on the History channel about the state of our country’s infrastructure. We have so much deferred maintenance that it is mind-boggling. States cannot finance their current operations; how are they going to finance what is actually needed?

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