The Collapse: State & Local Governments Get Hammered
Read both of these links re falling tax receipts as the Collapse continues:
WSJ: Tax Revenues Tumble
Mish: Precipitous Drop In State Tax Collections
1) Local crime will continue to go up, as fewer cops deal with more desperate folks.
2) Until their credit is cancelled by world capital markets, the Mighty Kenyan and his Feds will use this situation to gain even more control over the governments that impact you in your daily lives.
This will not end well.
Audentes fortuna iuvat.