The Line of Pigs at the Trough is Out the Door

Governors have joined the bandwagon demanding additional subsidies for their states from the federal government, to which Barack Obama has replied favorably. The budgets of many states ballooned in the recent economic expansion, typically growing much faster than inflation and population growth. With tax revenue declining dramatically, their inflated budgets are now under pressure. If your sugar daddy can plug the gap, so much better than having to cut back.

Auto makers, auto parts suppliers, utilities, railroads, telecoms, and state governments - the line of pigs at the trough is now out the door.