1.01.10 The CUTS ARE DEEPER AND DEEPER
As zombulation continues, there will simply not be enough money to service debt and pay employee salaries.....2010 will see the biggest wage reduction for Americans both on a relative basis and absolute basis in history based on current zombulation policies.
The problem is that debt levels and expense levels are likely increasing against decreasing wages....expect anger and frustration to rise dramatically as few are really aware or prepared for Benny the B's Zombulator.
TULSA, OK -- In a meeting today at the Tulsa Convention Center Mayor Dewey Bartlett announced that all city employees will have to take a 5.2 percent salary cut.
Employees do not have the choice between pay cuts and layoffs like the public safety employees. These pay reductions are in addition to the eight unpaid furlough days valued at 3.1 percent all city employees are taking this fiscal year. This is an effective 8.3 percent pay cut this year.
IT WILL GET WORSE....MUCH WORSE AS THE YEAR PROGRESSES AND TAX RECEIPTS EVAPORATE
AGAIN, ASK YOURSELF, WHAT WILL GOVERNMENT TAKE FROM YOU WHEN THE CITIZENS DON'T EARN ENOUGH TO MAINTAIN GOVERNMENT AS YOU KNOW IT?
SINCE GOVERNMENT IS BY FAR THE LARGEST CONSUMER, THE MORE GOVERNMENT CUTS, THE SMALLER OUR ECONOMY BECOMES....AND GOVRNMENT IS CUTTING DEEPER AND DEEPER EACH DAY THAT GOES BY.....................................................
In case you are wondering how far this can go.....my guess is 1980 is a good start. Whatever your home or salary was in 1980.......expect that it can go at least to that level....the problem is your expenses are still at 2010 levels, and in many cases increasing.
Soon you too will understand what happens when you bailout the bankers and leave the debt burden suffocating the economy against a contracting revnue environment........the one that wasn't bailed out implodes.