If you take the employment scenario in the posted article, then compare it to the pie in the sky employment scenarios used by almost every sycophantic state legislature to draft their yearly budgets for the next 5 years, it becomes immediately obvious that there are states that will collapse.
I don't know what I mean by ‘collapse’, but the budget holes for some states, like California, Michigan, Illinois, Rhode Island, will grow so substantial there won't be anything left to tax by 2012.
Correct. And NY won’t be far behind Ca. This will not be pretty. In the 1930s people had a predisposition to take ownership of their situations whenever possible and thought assistance was shameful. Now we have created a culture of dependency.