Don't be surprised if state budget shortfalls become the next populist flashpoint in the U.S. Rising foreclosures and unemployment coupled with service cuts and furloughs will only raise the tension level in an already tense environment.
Wall Street badly needs fixing. Fortunately we have the tool to do the job. It's called a financial transactions tax (FTT) - a modest tax on trades of stock, futures, options and other financial instruments.
The bankers wrecked the economy with their greed, ran off with taxpayer dollars in a massive bailout, and now plan to raise taxes for the rest of us. If that picture doesn't sound quite right, then go to Chicago.