States unable to balance their budget and possible financial disintegration suggested by LaRouche

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allenwong8838's picture
allenwong8838
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Joined: Jun 27 2009
Posts: 18
States unable to balance their budget and possible financial disintegration suggested by LaRouche

In the youtube video, LaRouche has said that the financial disintegration will occur in the first week of October or earlier. This is because the states fiscal year ends in September 30 and as many as 30-40 some states will be unable to balance their budgets. This, he poses, will trigger a financial disintegration. Any thoughts on how likely his prediction will play out?

allenwong8838's picture
allenwong8838
Status: Member (Offline)
Joined: Jun 27 2009
Posts: 18
Re: States unable to balance their budget and possible ...

This is the link for the video.

becky's picture
becky
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Joined: Jan 8 2009
Posts: 113
Re: States unable to balance their budget and possible ...

Welcome to the website Allen!

According to Stateline.com http://www.stateline.org/live/issues/Taxes+%26+Budget  most US states begin their fiscal year on July 1.  The four exceptions are:  New York (April 1), Texas (September 1), Alabama and Michigan (both October 1).  States are having plenty of financial difficulties (such as California's budget woes), but the new fiscal year has already begun for most of them.

becky

Thomas Hedin's picture
Thomas Hedin
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Joined: Jan 28 2009
Posts: 815
Re: States unable to balance their budget and possible ...

We have a finacial solution up here in Minnesota.  It's called The Minnesota Transportation Act, and if we could get enough people behind it (making phone calls, letters, ect) we would have debt free money is 6 months!

Does anyone care if their country goes down in a flaming ball of debt or are you will to make a stand and do something about it?

allenwong8838's picture
allenwong8838
Status: Member (Offline)
Joined: Jun 27 2009
Posts: 18
Re: States unable to balance their budget and possible ...

Thanks for the welcome Becky!

I see. I was unaware about that. Thank you very much for the heads up!

Allen

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