Comments on: Gutting America http://bluecrabboulevard.com/2009/11/01/gutting-america/ Summum nec metuas diem, nec optes - Marcus Valerius Martialis Tue, 02 Aug 2011 22:27:18 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: gary gulrud http://bluecrabboulevard.com/2009/11/01/gutting-america/comment-page-1/#comment-88476 gary gulrud Mon, 02 Nov 2009 18:23:47 +0000 http://bluecrabboulevard.com/?p=14292#comment-88476 "More and more state governments are in serious trouble because of out of control spending. They only lag behind California by a few years" Bang on. Someone has shown revenues cannot exceed 20% of GDP for any period without reducing GDP. At some point people will take much of their activity off the books as well. Government is about to hit the wall, with out without the voter. “More and more state governments are in serious trouble because of out of control spending. They only lag behind California by a few years”

Bang on. Someone has shown revenues cannot exceed 20% of GDP for any period without reducing GDP. At some point people will take much of their activity off the books as well.

Government is about to hit the wall, with out without the voter.

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