US NAtional Debt Update and Worsening Financial Woes

USA national debt about to breach the $13Trillion mark!

and more:

32 States Now Officially Bankrupt: $37.8 Billion Borrowed From Treasury To Fund Unemployment; CA, MI, NY Worst zero hedge

Submitted by Tyler Durden on 05/21/2010 18:46 -0500
zerohedge.com

Courtesy of Economic Policy Journal we now know that the majority of American states are currently insolvent...The full list of America's 32 insolvent states is below, sorted in order of bankruptedness (in billions).
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California ---- $6,900
Michigan------ 3,900
New York----- 3,200
Penn. ---------3,000
Ohio ----------2,300
Illinois --------2,200
N.C. ----------2,100
Indiana -------1,700
New Jersey ---1,700
Florida --------1,600
Wisconsin -----1,400
Texas ---------1,000
S.C. -------------886
Kentucky -------795
Missouri --------722
Connecticut -----498
Minnesota ------477
Georgia ---------416
Nevada ---------397
Mass. -----------387
Virginia ---------346
Arkansas -------330
Alabama --------283
Colorado --------253
R.I. -------------225
Idaho -----------202
Maryland -------133
Kansas -----------88
Vermont ---------33
S.D. --------------24
Tennessee -------21
Virgin Islands ----13
Delaware ---------12