State Budgets
Budget shortfalls, city defaults & bankruptcies, potential state bankruptcies means the budgets of individual states will impact the economies of the other states and the federal budget/deficit.

America faces an urban exodus

from The Gray Area,

According to LinkedIn, America’s cities are losing their shine: Eight out of the top 10 largest metro areas in the U.S. — regions with robust economies like New York, San Francisco and L.A. — lost residents in 2018, The New York Times reports. High costs of living and a lack of opportunity for those without college degrees are sending many people packing. In 1960, a janitor moving from the Deep South to Silicon Valley could expect 107% earnings boost after housing costs, according to The Times. By 2017, that move would lead to a 28% decline. • Here’s what people are saying.

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