Nothing to see here, keep pushing the market up in spite of news like this:
The federal government will asked to fill the funding void as States run out of money for everything from extended jobless benefits to paying for basic services. Meanwhile, a commission studies how to cut $180 billion by 2015. Now that's fiscal discipline.
33 states out of money to fund jobless benefits
To fix deficit, Congress needs the will to cut
33 states out of money to fund jobless benefits
A total of 33 states and the Virgin Islands have depleted their funds and borrowed more than $38.7 billion to provide a safety net, according to a report released Thursday by the National Employment Law Project. Four others are at the brink of insolvency.
To fix deficit, Congress needs the will to cut
The commission's short-term mission is to shave about one percentage point of gross domestic product from the deficit in 2015 -- roughly $180 billion that year.
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