Historically 25-30% unemployment is when things start to get real ugly. The only thing holding back the ugliness is the Social Safety Net available to those that are not presently able to generate an income. Food stamps, health care, housing allowances, unemployment benefits and other financial support from the State, is only available when our government can "borrow" the money to pay for them.
Many of these programs are state mandated. California, Michigan and other states are officially broke. They are cutting everything else, because they know what will happen once Social Services disappear.'
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