There's One Huge State Budget Crisis That Everyone Is Refusing To Talk About [View All]

[still_one]

"You know the story and you know the names: states like Illinois, New Jersey, New York, and California are supposed to be in huge financial trouble thanks to bloated governments, business-unfriendly regulations, and strong public sector unions.
After a crisis-free 2010, investors are expected to punish these hotbeds of bad governance in a muni bond market rout, at least if pundits like Meredith Whitney are correct.
But there's one state, which is fairly high up on the list of troubled states that nobody is talking about, and there's a reason for it.
The state is Texas."


Read more: http://www.businessinsider.com/texas-state-budget-crisis-2011-1#ixzz1AeEcDnx1