This summer look out.

Years of fraud and abuse … this government-backed bubble is about to burst.
They've run out of credit, lies and excuses. And this summer, the evidence is bubbling to the surface:
• Colorado Springs has let 1/3rd of its streetlights go dark … sold police helicopters on eBay … and halted all street paving.
• Arizona plans to sell – then lease back – its State House and Senate buildings … a desperate one-time move to raise cash.
• Illinois' liquid assets have dipped below $1 million … as they scramble to limit fallout from a giant $39 billion deficit.
• States from Kansas to Hawaii have considered bills to cut the five-day school week down to four … or cancel entire grade-years altogether.
• Los Angeles has called for all city agencies (save Fire and Police) to cut back to a 3-day workweek.
• The capital of Pennsylvania has already skipped its 2010 debt payments … and has been downgraded to high risk junk by Moody's.
• And Toledo, Ohio, admits it may have to lay off every government employee.