Wacked out central planning

Not only do the DC Swamp Creatures make some 3 trillion in new debt roll over in Q3, but they saddle the states with a 1.5% GDP jump in health care costs, all due today, then make that worse by putting all of it on subsidized Obamacare, boosting the federal debt payable another 1.5% of GDP. All of this crap hitting the New York debt machine in the next few months. And the boneheads wonder why we have recessions.

Yahoo: WASHINGTON (AP) — Income inequality is taking a toll on state governments.

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The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a report being released Monday by Standard & Poor's.

Even as income for the affluent has accelerated, it's barely kept pace with inflation for most other people. That trend can mean a double-whammy for states: The wealthy often manage to shield much of their income from taxes. And they tend to spend less of it than others do, thereby limiting sales tax revenue.