Tuesday, December 30, 2008

States to begin selling spree of assets

It looks like many states are going into desperation mode and will begin selling assets such as roads and parks to make a little money in the short-term. Long-term this will be a disaster. I can't believe (or maybe I can) just how short-sighted today's politicians are. There is an amazing reluctancy by politicians to decrease government spending or reduce government programs.

http://www.dailymarkets.com/economy/2008/12/30/more-bad-choices/

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