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alstry (35.38)

A Recession?????

Recs

13

December 09, 2009 – Comments (4)

The U.S. Census Bureau reports that state governments took in nearly $1.7 trillion in total revenues in fiscal year 2008, a 15.8 percent decrease from 2007.

http://www.bizjournals.com/orlando/stories/2009/12/07/daily25.html

ABOUT A 16% DROP FROM 2007 TO 2008!!!!  ADD IN DRAMATIC DOUBLE DIGIT DECLINES IN 2009 AND WE ARE DOWN WELL OVER 25%!!!!!!!

A depression is only a 10% decline in GDP......this is by far the most dramatic decline in tax receipts in American History at a time when government demands are exploding due to rising poverty and rising unemployment.

And we are seeing dramatic declines in revenues despite the Federal Government on track to run a $2 trillion dollar deficit.

Soon 1.01.10 arrives.

Insolvent governments can only give free money to insolvent bankers and then borrow back that same money from those same insolvent bankers at a much higher rate so government can give a bit of it to insolvent citizens who are servicing unsustainable interest obligations to the same insolvent bankers for so long before the world as you know it stops and everything becomes zombulated and concentric contraction occurs.

None of this is hard to see.....simply hard to believe it is actually happening.....and the nutty part is we are only bailing out the bankers while some  Fools would rather focus on pancakes and flat screens.

Oh well....reality becomes perception soon whether we want to deal with it or not........................

 

 

4 Comments – Post Your Own

#1) On December 09, 2009 at 2:01 PM, alasker (< 20) wrote:

I'm not worried Alstry. I live in the fine state of NY where a hiring freeze means thousands of new people were added to the state payroll. Where a decrease in sales receipts means the state only increases its spending 10%

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#2) On December 09, 2009 at 2:07 PM, alstry (35.38) wrote:

Nobody should be worried.....Wall Street is simply running the biggest Ponzi Scheme in history, it is open and obvious, and we are bailing out Wall Street?

Makes you wonder why Madoff and Petters are forced to be sitting in jail????

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#3) On December 09, 2009 at 2:08 PM, jmt587 (99.89) wrote:

Alstry, are you still living in 2008?  It's almost 2010 my good man.

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#4) On December 09, 2009 at 2:54 PM, alstry (35.38) wrote:

IT IS GETTING MUCH CLOSER....MUCH MUCH CLOSER 1.01.10

 Recession puts U.S. halfway to emissions goal

WASHINGTON (Reuters) - The recession has slashed U.S. output of planet warming gases and puts the country on track to reach President Barack Obama's short-term emissions goal, but cutting the pollution further will take more effort as the economy recovers.

JUST SHUT THE ECONOMY DOWN A LITTLE MORE AND WE WILL NOT EVEN NEED CAP AND TRADE.

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