Local Governments Face Another Headwind – State, Federal Budget Tightening

There has been a significant conversation regarding Federal and state government debt, with the question of “how much debt is too much” not drawing a conclusive response. Japan, with a debt to GDP level of 229%, seems to defy those who argue for balanced budgets. Greece, by comparison, stands at 176% while the US is at 104%. Certain state debt problems, such as New Jersey, have been declared mathematically unsolvable while cities such as Chicago scramble to pay for increasingly difficult to meet exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

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