If You Think the Eurozone is the Only Place with Financial Problems, Look at California
This article on the BBC web site, discusses the problems of California. Theirs may not be as large sums, but because of the way their political system works cutting the state’s $16billion deficit is going to be very difficult, due to American’s complete aversion to the raising of taxes.
I wonder how many other states are in a similar states.
The Anonymous Widower 
No reason to raise taxes. Government just wastes most of the money it spends and gives the rest to the freeloaders. Make the freeloaders work and pay taxes. Problem solved.
Censorship is evil.
Comment by solutions777 | June 5, 2012 |
In theory it should work, but there’s very few places it has.
Where I live in East London, there has been a lot of transport investment in the last five years or so. One of the effects has been a decrease in unemployment, as people can now get easily to the places where the jobs exist. You notice that areas in the UK with bad bus and train routes tend to have higher unemployment. How does that fit your theory?
Comment by AnonW | June 5, 2012 |