Wall Street analysts forecast next year more than 100 American cities will be declared bankruptcy

International online 21 December report financial crisis for more than two years, the U.S. economic recovery weakness, makes the American people worried. Now there was bad news, a well-known Wall Street analysts predict before, as many as 100 more American cities have declared bankruptcy in May next year, don't know americans in after hearing the news would react. According to American media,Wiring Harness well-known Wall Street analysts mailer di silk · Whitney bold prediction, because the U.S. states and cities of total debt has as much as $2 trillion next year, the United States may have more than 100 cities to bankruptcy, and that was once the bank went bankrupt and threaten national financial debt crisis, in the near future may lead to the local government to collapse. Mailer's silk · Whitney to the global credit crisis happened once made accurate predictions,Terminal Cables the analysts in the 19 th of CBS evening a show, said the U.S. states and local government's huge amounts of debt, is the American economy will face the greatest problem, and may hinder economic recovery. Whitney said, "this is the second only to the housing market, one of the most important question, and that is really the biggest threat to the American economy. We'll see many local government unable to repay the debt, the number of about 50 to 100, even more, the city government default on a large debt, the last total could be as high as several hundred billion dollars." In view of this prediction,Coiled Cable New Jersey governor Clifford is briefly expounds the Christina the crux of the problem is, he said, "we each names spending too much, and frantically lending, let credit expansion. This is like over the past several years we are you dig your a huge pit, and is now in hiding from the must climb out, but a very difficult." According to reports, at the U.S. states spending already than tax beyond nearly $500 billion, retirement funds will be faced with $1 trillion financing gap, many local governments are forced to slash the budget. In Detroit, for example, including the police, lighting, road maintenance and cleaning services of the budget, have cut by up to 20% of the people affected. Illinois state financial also broke, the state's current expenditure is the actual tax a times, and repayment has default nearly six months, university of Illinois is only $400 million debt. Illinois default don't pay the possibility of debt is as high as 21%, than any other states to high. In addition, Florida also might be in the insolvency difficulties. At present, the U.S. states in order to make up for the fiscal gap, in addition to cut non-budgetary, also began to have managed to increase taxes or using other methods, such as California state university tuition fees rose 32%, and Arizona is the part of the government building first sold to investors and then leased back way, in order to save money.