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Saturday, July 25, 2009

Bankrupt

It's hard to believe that a few states are teetering on the edge of bankruptcy... STATES.. in OUR country... nearing the need to be filing for bankruptcy protection. I think it's a situation that needs much more scrutiny than it is given. The government's job is NOT to save people from themselves... or states either for that matter. States should not be dependent upon ridiculous amounts of taxes to function. They need to start streamlining the same way anyone else WOULD HAVE TO. #1) look at where your arterial wounds are and heal those first. Look at what you're spending exhorbitant amounts of money on... is it providing healthcare and social benefits for illegals? THEN STOP IT. I just still can't wrap my brain around the fact that people can ENTER THE COUNTRY ILLEGALLY and then be given, food, shelter, medical care, and living quarters ON MY DIME when there are good, hard-workin American people struggling to provide food for their children and whose children HAVE to medical care. They get discounts on post high-school education? HOW THE HELL IS THAT FAIR? THEY charge more for IN STATE residents than they do for illegals? That's completely insane! The government has got to learn how to live within its means. NO ONE could run a household, a company or an entity they way they run this government. NOTHING can be profitable running in the red.

I hear time and time again on the headlines about this company filing for bankruptcy protection... and now a new line of stores is following suit. Mrs. Fields and TCBY filed for bankruptcy. I don't see how those companies ever made it to begin with. Who really WANTS a $3 cookie? I just don't get it.

Bennigan's (eaterie) filed in 2008. There are still a few straggling stores but the one that was my stompin grounds closed.

Bally's Total Fitness is BACK in bankruptcy with 1.5 BILLION in debt. HOW DOES A COMPANY RUN ON 1.5 BILLION IN DEBT? I don't even comprehend this.

I mean...then look at the airlines...the car industry...

Here's a LIST... check it out

Scary stuff.

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