11.10.9...Now you FEEL why 50% unemployment.....no end in sight.
RALEIGH, N.C. -
The Department of Health and Human Services as well as the state's service providers will likely lose thousands of jobs in the coming months.
That was the message Tuesday from DHHS secretary, Lanier Cansler, who said the department is having to make cuts of $1.7 billion, which was required by the legislature.
ThousandS of Jobs Lost....in just North Carolina and just Department of HHS.....
The problem is simple.....zombulation policies means massive unemployment.....high unemployment means millions not paying medicare or social security taxes....millionS not paying medicare means massive cuts to medicare.......
medicare/medicaid is responsible for a massive amount of health care spend.....approaching 50%.
Health Care employs about 20 million workers......and now millions are likely going to lose their jobs are revenues evaporate....which means medicare revenues will contract further feeding Alstrynomics concentric contraction.
None of this is hard to see....just hard to believe that govenrment would pursue a Zombulation policy.
Do you think those thousands of workers own a house? How about a car? If few are hiring, that means a bigger burden on the state for unemployment payments further exacerbating the deficit.
NOT JUST N.C. EITHER!!!!
OKLAHOMA CITY – State officials have again ordered a 5 percent across the board budget cut after state revenue declined in September.
September marked the ninth consecutive month of revenue declines and triggered the third month of 5 percent budget cuts.
“Monthly collections in September continue to be well below the official tax commission estimates and last year’s actual collections,” State Treasurer Scott Meacham said.
State Finance Director Michael Clingman ordered a continuation of the 5 percent cutback in allocations to each state agency that was instituted in August.
“Unlike our action of the past two months, we were able to make this allocation without transferring cash reserves," Clingman said
The 5 percent reduction in October’s allocation of annual appropriations represents a total cut of $21 million for the month.
All state agencies are hurting, but it's the small ones that are taking the biggest hit.
"There's really no help or end in sight," Pardon and Parole Board Executive Director Terry Jenks said.
BETTER GIVE THE BANKERS BIG BONUSES BEFORE THE MONEY RUNS OUT...JUST WAIT UNTIL YOU SEE GS' BONUSES FRIDAY....