IT'S A DEPRESSION!

Several US States are either bankrupt (such as California) or are wavering (New York). Many states will need bailouts. California has suspended tax refunds and welfare payments in order to save money. Rising homelessness and the potential for social unrest are certain by-products of the deteriorating situation. Speaking of social unrest, there have been reported economic protests and riots in Iceland, Latvia and Bulgaria. Could they come here as well? Economic and social unrest, protests and riots were a staple of the Great Depression. There is no particular reason for it not to happen here as well as unemployment, homelessness and bankruptcies rise.

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