By Dr. David Eifrig in DailyWealth:

"With an economy larger than Canada's or Brazil's, [it] is too big to fail..."

Too big to fail. That's getting to be a weekly headline here in the States. The big economy in the quote above is the state of California's. In case you didn't realize, California by itself would make for the world's eighth-largest economy.

Things are crazy out there. The state faces a $24 billion budget shortfall... and big tax hikes ahead. Nevada, Florida, and Arizona are in the same shape.

You might think all this budget trouble means it's a bad time to loan money to these guys. But I'm actually urging readers of my Retirement Millionaire advisory to keep on loaning money to states - to keep buying "municipal bonds."

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