terça-feira, maio 12, 2015

EUA: 22 estados falidos

Estados americanos com défices fiscais perigosos e ameaças pendentes de suspensão de pagamentos

Os PIIGS não passam de uma manobra de distração

Portugal, tal como os outros países visados pelo odioso acrónimo, chegaram à pré-bancarrota em grande medida por causa da fantasia de um crescimento virtual assente em dívidas públicas, empresariais e familiares exponenciais, políticas públicas neoneoneokeynesianas, e consumo conspícuo. Mas as grandes bolhas estão noutros lugares: Japão, Estados Unidos, Inglaterra. Não se vêm com a mesma acuidade porque os respetivos governos e bancos centrais mentem permanentemente sobre o que se passa. Olhando, porém, para a pobreza e instabilidade social crescentes nesses país compreendemos perfeitamente que o buraco negro criado —nomeadamente o Grande Buraco Negro dos Derivados Especulativos (OTC Derivatives)— poderá, a qualquer momento, empurrar o planeta para um colapso financeiro e económico bem pior do que o de 2008.

Quase metade dos estados dos EUA está oficialmente falida. E no entanto as agências de notação de crédito mantêm o país em AA+ (excellent) !!!

Via AP/ Zero Hedge:

An Associated Press analysis of statehouse finances around the country shows that at least 22 states project shortfalls for the coming fiscal year. The deficits recall recession-era anxiety about plunging tax revenue and deep cuts to education, social services and other government-funded programs.

The sheer number of states facing budget gaps prompted Standard & Poor’s Ratings Service to call the trend a sort of “early warning.”

“After all, if a state is grappling with a budget deficit now, with the economic expansion approaching its sixth anniversary, what will be its condition when the next slowdown strikes?” credit analyst Gabriel Petek wrote in a recent report.


The forces at work today are somewhat different than when the recession took hold in 2008. In some states, revenue growth has been stagnant, missing projections and making it difficult to keep pace with expanding populations and rising costs for health care and education. Other states have been hurt by a steep decline in oil prices or seen their efforts to promote growth through tax cuts fail to work as anticipated...

A majority of states have failed to climb back to their pre-recession status, in terms of tax revenue, financial reserves and employment rates, said Barb Rosewicz, who tracks the fiscal health of states for The Pew Charitable Trusts.

Alabama, for example, faces a $290 million shortfall after a voter-approved bailout expires at the end of the current fiscal year. If nothing is done, the courts will not have the staff to send jury notices, monitor juvenile delinquents, process protection orders and collect and distribute child support payments, he said.

“This is an insane proposition,” Hobson said. “The public would suffer.”

Nationally, total tax revenue coming to the states has been rising, but the pace has been slow as employment continues to lag pre-recession levels in more than half the states, according to the Pew Charitable Trusts. Pew also found that 30 states are collecting less revenue than at their peak.

The Census Bureau recently reported that total state government tax collections in fiscal year 2014, which in most states ended last June, increased 2.2 percent over the previous fiscal year. That represented the fourth consecutive overall increase, but 17 states reported declines in tax revenue from the previous fiscal year, according to the report. Alaska saw the biggest drop, of $1.7 billion.

In Illinois, lawmakers are trying to figure out how to close a $6 billion projected shortfall for the next fiscal year, due largely to the expiration of a temporary tax increase [and] in Kansas, the Republican governor and GOP-dominated Legislature now confront budget deficits after aggressive tax cutting that prompted them to reduce school funding this spring.

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1 comentário:

Vivendi disse...

E a Califórnia?