08-01-2025, 12:33 PM
CNBC VIDEO: Why 27 U.S. States Are Going Broke
08-01-2025, 05:16 PM
Some of these states are very strange. During the COVID years, they are flushed with cash as US created another US$4 trillion from thin air on top of the US$4 trillion they created from thin air earlier during the US Housing Loan Crisis. And what did these states do with the money? They give more tax rebates and never used them for infrastructure etc or just saved them up for such situations. California is such an example.
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