Coming to a city near you

I've discussed the impact that would be felt at local and state governments and we're just starting to see the tip of the iceberg. Local and state governments will be absolutely devastated over the next couple of years. This will result in massive deficits, furlows, layoffs and decreased public services. This will happen in every single state, some much worse than others though. Nobody is ready to make the sacrifices necessary to correct these budget shortfalls. There will be brutal and often ugly fights between parties. In the end, both will fail miserably at their stated goals and you can expect unintended consequences and calls for federal support. Things are quickly unraveling on all fronts at the exact worst time.

http://news.cincinnati.com/apps/pbcs.dll/article?AID=/20080709/NEWS0108/807090303/1055/NEWS