Excerpt from this article:
"State by state, county by county, city by city: they will default. The money is not there. The promises were huge. New Jersey’s governor Christie is touring the state, telling the voters that the state will break promises to retired government workers. He is doing what other government officials refuse to do: tell the truth early."
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Sarah Palin: Feds Stockpiling Bullets to Use Against Us - politico.com