Annotation by Colonel Nogov on May 26, 2015
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Broke Kansas To Tax Poor People By Placing $25 Limit On ATM Withdrawals
This article describes how Kansas is so broke it has to limit ATM withdrawals from their EBT cards to $25 per day. Each transaction costs $1 so it’s an effective tax on the poor.
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Facing $1B deficit, Arizona cuts welfare
This article describes how Arizona is so broke it’s cutting back its welfare program.
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States expect major budget deficits
This article announces that at least 22 states have budget deficits for the fiscal year.
Somebody is not getting paid. When people don’t get paid, that’s when the riots start.
The U.S. government is bankrupt. About half the States are bankrupt. The economy is heading into a technical recession again. (A recession based on the government’s fudged economic numbers) The state and federal governments are at the point where they are looking for change under the couch cushions. This is just a warning. Don’t let the change they find be your bank accounts and retirement funds. That’s what governments do.
It’s interesting to watch an empire collapse. Empires don’t get conquered. Sure, sometimes war is a final nail in the coffin, but empire always die by economics. It’s as regular as the seasons. That doesn’t mean we’re all doomed. Empires die, people survive. Prepared people thrive. – Colonel Nogov
