“Watch for prepackaged bankruptcies for cities, counties and states unable to pay contractual obligations for employees'[sic] pensions and healthcare. The trend could start in California, Michigan, New Jersey or New York.”
“Higher U.S. automotive sales will boost employment at Kentucky’s manufacturing and assembly plans and substantially lower the state’s unemployment rate. Government will earn more sales and income taxes but not enough additional revenue to bail out underfunded (and generous) pension and healthcare benefits for government employees.” (Although I’m not sure government ever “earns” anything, it “takes in” plenty, though.)
“Healthcare costs will substantially increase due to federal government mandates.”
Read more of Lane’s predictions concerning Kentucky’s small businesses, higher education, population trends, healthcare, trade and politics in the February edition of The Lane Report.