THE DAY OF RECKONING HAS ARRIVED

So, you think we got problems in the economy now? Just wait 'til the states begin to seize up!

Here's my prediction: in the next few months states will begin to declare bankruptcy so that they can renegotiate all pension agreements with the unions. When that happens the federal government will backstop the states with money from future generations, sending more money to the unions, devaluing the dollar even more and hastening general, national collapse.