11.10.9...America Going Bankrupt????
In the western half of Wisconsin, there were about 7,000 filings for all of last year. This year there were almost that many as of last month.
A Clerk of Courts for the Western District of the U.S. Bankruptcy Court says the increase is probably due to an increase in job losses combined with health issues.
The clerk says more people over 60 are filing for bankruptcy, especially those who are trying to pay medical expenses on fixed incomes.
NONE OF THIS WAS HARD TO SEE............
At The Salvation Army's homeless shelter on Front Street NE in Salem, the shelter's staff see concrete examples of how layoffs and underemployment turn to desperation. The shelter routinely turns away about four families per week because of lack of room. Requests for food boxes have increased.
"In this kind of job market, you have people with college degrees who are looking for janitorial work. It's hard to compete," said Dan Reichman, the shelter's chaplain. People living at the shelter take work wherever they can find it, but it's often short-term or seasonal employment, he said.
WITH MILLIONS OF JOBS MIGRATING FROM HIGHER PAYING MANUFACTURING, CONSTRUCTION AND IT TO LOWER PAYING WALMART, RETAIL/RESTAURANT, AND HOME HEALTH CARE....IT IS BECOMING HARDER AND HARDER OT MAKE ENDS MEET.
Kathleen McCarty, 54, a Keizer resident who was laid off in August, doesn't need a government report to know how dismal the job market has become.
"The stuff that is out there, the thing is, it's not going to keep a roof over my head," McCarty said. For six years, she had worked at manufacturing plant in Stayton that made wooden joists for commercial and residential construction. She operated a type of specialized saw.
WITH A FUNCTIONAL UNEMPLOYMENT RATE OVER 20%.....IT MAKES SENSE THAT INCOME TAX RECEIPTS ARE DOWN OVER 20%. NOW THAT WE FACE THE GOVERNMENT CRASH AHEAD, THE BIG ISSUE IS HOW MANY JOBS WILL BE CUT AND BUSINESSES SHUT DOWN NOW THAT THE BIGGEST CONSUMER IN THE WORLD IS WATCHING ITS INCOME EVAPORATE?????
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