The Only Possible Solution To This Problem Is Massive Money Printing

…or a massive cut-back in essential public services and widespread hunger:

Illinois Stops Paying Its Bills, but Can’t Stop Digging Hole

“For the last few years, California stood more or less unchallenged as a symbol of the fiscal collapse of states during the recession. Now Illinois has shouldered to the fore, as its dysfunctional political class refuses to pay the state’s bills and refuses to take the painful steps — cuts and tax increases — to close a deficit of at least $12 billion, equal to nearly half the state’s budget.”

Here’s the article link:  NY Times

If you think our policy makers and the guy in the Oval Office that most of you wouldn’t put in charge of a hot dog stand are going to address the financial collapse in several States with anything BUT money printing, I would suggest that you layoff your medical marijuana for awhile.

BP Update

Oil is now hitting the shoreline of Texas and tar balls were found in Lake Ponchartrain, the large inland salt water lake that is bordered by New Orleans and several surrounding suburbs.  BP is now looking to global Sovereign Wealth Funds to invest in BP to help pay for this mess.  Anyone who takes that on is a complete moron.   I smell desperation on the part of BP.  Here’s the article link:  It’s Getting Worse

Obama urinates on more of his campaign platform and all over the 1st Amendment:  “”A photographer taking pictures of a BP refinery in Texas was detained by a BP security official, local police and a man who said he was from the Department of Homeland Security.”   That quote is from Zerohedge – here is the article LINK