9.09 IS HERE....WSJ CONFIRMS AMERICA SHUTTING DOWN!!!!!!!!!!!!
September 03, 2009
– Comments (9)
States Shut Down to Save Cash
Maine, Maryland, Michigan Slash Service; 'Nightmare' at California Vehicle Registry
California drivers can't line up to renew their licenses Friday. Wisconsin natives can't order copies of their birth certificates. Georgia consumers will have to postpone registering complaints with state watchdogs. And stranded motorists in Maryland may have to wait a little longer for highway-department help.
Across the country, cash-strapped state governments are shutting down business for a day at a time to save money. State offices are shuttered Friday in California, Maine, Maryland and Michigan. Rhode Island had planned to join them until a judge on Thursday blocked its closure plan.
State legislatures have struggled to cover shortfalls that have ballooned to $168 billion, or 24% of their general-fund budgets, for the current fiscal year, which for most began July 1, according to a report released Thursday by the left-leaning Center on Budget Policy Priorities.
Consumers have reined in spending, eroding sales-tax receipts, while job losses have cut income-tax collections. States have already responded by raising fees and tapping rainy-day funds, and are now forced to deal with wage costs, which make up about 13% of their budgets, according to the Rockefeller Institute of Government in Albany, N.Y.
http://online.wsj.com/article/SB125202235182685075.html
How hard was it for Alstrydomous to predict this one......eventually, practically everything shuts down when bailed out banks cut off credit to a credit dependent overleveraged swap zombulated economy.
Pretty soon, America shuts down and the banks own practically everything....and if you still have a little left, then government will be forced to tax all you have so the politicians can get paid.
This is not doom and gloom, but simply the circle jerk of life in perpetual ponzi plan that comes to an end and you are not the banker or politician. Just wait until you learn that it is in government and the bankers interest to kill as many Americans as possible simply to avoid the over $100 trillion dollar entitlement obligation they have to you.
Could you imagine, owning America with no entitlement obligations.......brings a new standard to gentlemen farmer.
RSS Headlines
Fool UK