Energy Efficiency

A report by the Pew Center on the USA found that in addition to California, Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin are also at grave risk; double-digit budget gaps, rising unemployment, high foreclosure rates and built-in budget constraints are the key reasons.

While California often takes the spotlight, other states are facing hardships just as daunting; decisions these states make as they try to navigate the recession will play a role in how quickly the entire nation recovers.

Its obvious that governments around the world are all hooked on living beyond their and our means, by borrowing money against future growth.

What is the value of any nation’s money when they print more than they have in real assets; put another way, if you or I tried to borrow money we had no assets for, we would be stopped, even jailed, yet the banks and governments have been doing it for years.