Skull & Bones Bank Warns On Deterioration In State & Local Government Deficits
• EconomicPolicyJournal.comOn 1 July, 46 of the 50 US states will begin a new fiscal year. The cumulative deficit of the 50 states is about $127.5 bln. Their outstanding debt is about $2.2 trillion, a 57% increase since 2000.
