I was reading Stacey Pittman's article on Good Luck Retiring. I was shocked that the state of Rhode Island needs $7 billion to cover pension funds. So recently the state passed a bill to cover its budget. Rhode Island had a choice to increase taxes or pass this bill. Passing the bill made the residents of Rhode Island very angry but I can see how they would have been even angrier if they would have to pay higher taxes. I am glad to hear that a state is taking into their control and trying to fix their budget issue.
I thought that this article was very well written and very informative. I am shocked at how much this country and each individual state is in debt; also how fast the debt is rising. It seems very scary to think how much money is being spent and I'm seriously wondering what do we have to show for it.
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