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alstry (35.36)

Alstrynomic Projections Now Headlines......

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March 14, 2009 – Comments (4)

This isn't hard folks if you just wake up......the downward spiral is just beginning.

In seven states U3 unemployment rate has exceeded 10%....Michigan: 12.5 %

Rhode Island: 11.4 %

South Carolina: 10.9 %

Oregon: 10.9 %

California: 10.6%

North Carolina: 10.3%

Nevada: 10.2%

it would not be surprising that the U6 rate is over 20% in those states.  We are getting very close to the 30% projections I was making not too long ago........

 

PREPARE......Don't Despair

 

4 Comments – Post Your Own

#1) On March 14, 2009 at 6:43 PM, alstry (35.36) wrote:

Remember what my earlier blog said.....as our governments run out of money....they must get it from somewere....either they borrow it from foreigners.....or they get it from you........

If our government is broke....we are all broke....all of our wealth is defined by an IOU from our government......

Illinois Income Tax May Jump 50 PercentGov. Pat Quinn Says Tax Hike Is Needed To Fight Deficit

CHICAGO (CBS) ―

Quinn Wants To Cut New Pensions To Save Money (3/10/2009) State Faces Bigger Budget Crisis Than Realized (2/4/2009)

Gov. Pat Quinn confirmed Friday that he plans to raise taxes on some Illinois residents to combat deficits in a difficult state budget, and called for broader tax reform.

Quinn said Friday that he plans to hike taxes for families that make more than $56,000 a year.

http://cbs2chicago.com/politics/income.tax.hike.2.958201.html

Pretty soon....schools across America will be teaching Alstrynomics.....unfortunately by that time....many of them will be forced to shut down due to lack of funding.....

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#2) On March 14, 2009 at 7:10 PM, Seano67 (38.73) wrote:

I went to Detroit several weeks ago for a wedding, and wow. That place is like a ghost town, I mean seriously. Apparently there has been a mass exodus of people leaving the city, its immediate surroundings, and the state of Michigan as a whole as the economy has collapsed around them.

I was absolutely shocked at Detroit though. I really feel for those people, and the crazy part of it is that none of the Big 3 have even collapsed yet. If even one of them were to go down, the city would just be devastated.

And all those stories are true, about the $1 homes. You can literally buy a home there for a buck, and you can buy a nice home within the city of Detroit for anywhere from $1000- $10,000. It might be the opportunity of a lifetime, or you might just be buying a home in a city in irreversible decline, and possibly even dying as we speak.

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#3) On March 14, 2009 at 7:32 PM, alstry (35.36) wrote:

You think this problem will be limited to Detroit????

The interesting part is that the social structure of the US is not prepared for what is about to happen.......

In The Great Depression or third world nations....our/the society was/is structured to pick up those that fall....for example, extended families living together is more the norm than exception....

Retirement homes are almost non existent and are often viewed as places for the indigent who have no family to live with.....

if we get families moving in together....our current housing stock may be sufficent for the next 20 years without requiring another house built.

Currently, our society is not prepared to deal with what is happening....but that is likely to change.....and the change will likely be for the better.....

Character is often forged out of adversity........America, as a nation, is about to build a lot of character.

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#4) On March 14, 2009 at 8:05 PM, Seano67 (38.73) wrote:

Currently, our society is not prepared to deal with what is happening....but that is likely to change.....and the change will likely be for the better.....

Character is often forged out of adversity........America, as a nation, is about to build a lot of character.

 

I agree. Our generation has enjoyed extraordinary good fortune, and as a society we've never been asked to sacrifice. Instead, we've been told "No, you can have your cake and eat it too. You can hog the lion's share of the world's resources, you can enjoy the highest standard of living on earth, you can have your lux homes and Hummers and supersized TV's and there will be no price to pay for that. You're entitled to that, we are all entitled to that by dint of birthrite, by the fact that we are Americans".

The 'Greatest Generation', that's precisely what made them great. Bound by the suffering and sacrifice of both the Great Depression and World WarII, it called them to greatness, and they responded.

Maybe this is what we need. Really since JFK, a member of that Greatest Generation, we've never been asked as a nation to sacrifice anything at all. It's been more a case of: Raise your taxes for the good of the country and for future generations? God no! Just unthinkable. We'll cut those taxes even further, and jack up the entitlements all the more.

We're a very spoiled nation. That doesn't make us bad, but it's something that really has to change, and now it's probably at the point where we have very little choice in the matter. 

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