Use access key #2 to skip to page content.

alstry (35.15)

America Getting Angry....It's Just Too Much

Recs

14

September 10, 2009 – Comments (16)

Taxpayers are getting tired of being pushed around!!!!

Cape Coral could shutter City Hall on Fridays as a last ditch effort to dull next year’s tax increase.

The City Council Wednesday offered support to a plan that would cut 36 employees and force remaining staff to work four nine-hour days. The proposal, which could cut about $3 million from the operating budget, comes amid a maelstrom of public discontent.

“That’s the first move I’ve seen that makes any sense,” Cape resident Fredrick Van Slett told the Council during a public hearing on the budget Monday. “But I have no confidence you’re going to do what you said.”

“This proposal is trying to keep people working,” said Mayor Jim Burch. “We’ve eliminated 300 positions already (since 2007). I don’t want to cut anymore.”

With city residents clamoring for cuts, the council has few other options. Dozens of angry residents spoke Wednesday, disparaging city spending in front of the council and about 300 spectators packed into the chambers.

“I can’t afford you people anymore,” said resident Arlene Henderson. “I really can’t. I’m going to sign my return address ‘Ghost Town, Florida.

“This is the last straw for me,” said Brandon Reich, who bought a home in Cape Coral in 2006 at the height of the market boom. “If it was just the taxes, we might be OK, but when the (home) insurance goes up, health insurance goes up, it’s just too much.”

http://beta.news-press.com/apps/pbcs.dll/article?AID=/20090909/NEWS0101/90909050

Right now over 21,000,000 people work for government.  That number must be reduced dramatically to bring it into line with current declining government receipts.

If we fired 11,000,000 government workers, it still would NOT come close to covering the deficit, but it would make a nice dent saving approximately $700 Billion dollars.  Yes, U6 umemployment would rise to approximately 25%....but it is a necessary price to pay for right sizing government.

In order to save the additional Trillion dollars in deficit, we would likely have to cut an additional 15 million health care and contractor workers who are direct beneficiaries of government spend.

Unfortunately this would take U6 umemployment over 35%, but at least we would be much closer to a balanced budget.

An unfortunate consequence of cutting all those workers, even though many of them government workers, would be a dramatic cut in income, social security and medicare taxes.  Consequently we would likely have to release another 7 million workers to finally come closer to balancing the budget with the lower revenues.

At this point, we would be very close to 40% unemployment....but at least we would be near a balanced budget.

IT IS AMAZING HOW SOME ARROGANT FOOLS TALK ABOUT RESETTING BUT FAIL TO CONTEMPLATE OR RATIONALLY ADDRESS THE CONSEQUENCES.

Alstry makes no judgments, simply presents the facts with rational conclusions.

Soon we will have to make some serious choices as money runs out......Massive Depression or Massive Government....there is nothing in between as the bailed out bankers cut off credit to the private economy.

As you can see, 9.09 is not the end of the world.....just the beginning of restructuring.  Not doom and gloom, but a new flower about to bloom.  No telling you we need to live like the sixties...when the conditions in the sixties had very little relevance to today.

It is the end of an old age the the beginning of a new......9.09.

16 Comments – Post Your Own

#1) On September 10, 2009 at 12:19 AM, alstry (35.15) wrote:

One issue was missed but it will be saved for another blog....with such HIGH unemployment, there would be massive cash flow shortfalls to social security and medicare...

Report this comment
#2) On September 10, 2009 at 12:48 AM, Tacomatight (73.37) wrote:

Alstry you promised. You stated several times that you would stop blogging if your final, and most absurd call didn't come true, just like all the others before. Are you a promise keeper? Or a promise breaker? -Taco

Report this comment
#3) On September 10, 2009 at 12:49 AM, awallejr (85.43) wrote:

Now what do you think Taco?

Report this comment
#4) On September 10, 2009 at 1:39 AM, Starfirenv (< 20) wrote:

Chicken Little, you are beginning to remind me of HERPES!!!!!!!!You feel the need to attack Donner for asking you not to "pollute" his post? Pretty weak. I know, someday we mere mortals will see your almighty wisdom. Save it. Your chrystal ball don't work. Put it back where you found it, where the sun do'nt shine. WEAK! DELUSIONAL! MASTER of BATORS!!!!!!!!!

As for you 40% unemployment, you only missed by 33 Million per Your numbers above. Your TOP call, BOTTOM call, same. Alstrynomics is about being right? Havn't seen it yet. Have you called anything right? Not here.
9.09 Padded Room Time. PREPARE!!!!!!!!!!!!! Jerk. ZERO CRED.

Report this comment
#5) On September 10, 2009 at 7:13 AM, alstry (35.15) wrote:

Star,

It is very interesting to see how angry you get thinking about reality....knowing that the bankers are taking away almost everything our nation built over the past few hundred years through reckless lending practices.

When doing the above analysis, you forget we are starting with 17% unemployment...so in fact nothing was missed, it was already there, you simply refused to look at the facts.

You will learn very soon that $2 trillion dollar deficits can't continue very long with an evaporating tax base....citizens can't pay taxes if the bankers cut off credit.......no matter how upset you get at Alstry....it is 9.09 and the government job losses are just beginning.

Instead of getting upset at Alstry, may I suggest trying to work on a solution...and everyone cutting back spending is fine...but it only makes the deficit worse and more debt default.

It appears in 9.09 thinking has become a rare commodity.

Report this comment
#6) On September 10, 2009 at 7:28 AM, dibble905 (< 20) wrote:

Alstry, stop blogging. Enough. 9.09 came and passed.
Be a man, do the right thing.

Report this comment
#7) On September 10, 2009 at 7:36 AM, alstry (35.15) wrote:

9.09...MOAP...The Money is Running Out...Even In Reno

In August, the Reno Redevelopment Agency staff was cut to 6.5 positions to save money, from 17 a year earlier, including administrator Mark Lewis was dismissed.

http://www.rgj.com/article/20090909/NEWS/90909061&OAS_sitepage=news.rgj.com%2Fbreakingnews

That is about 60% of agency staff cut....if we extrapolate that to the above blog....40% unemployment would be very optimistic...in addition to the other cuts mentioned in the article affecting other workers.

“That’s a question that has to be asked and answered when we get those final first quarter numbers in,” Gibbons said. “As we did in the last several years, we’ve been looking at those end-of-quarter results and making a decision at that time.”

But only two months into the 2009-10 fiscal year, Gibbons’ budget director is already concerned the state may not meet projected revenues.

Gaming tax projections, for example, are already off by 4.5 percent, resulting in a $2.1 million shortfall in one month of collections. Gaming taxes provide 27 percent of the state’s budget.

A new report also showed the state’s major tax revenues — gaming, sales, insurance premium, payroll and others — failed to meet projections in June, leaving the state with a $31.6 million budget shortage for fiscal year 2008-09.

http://www.rgj.com/apps/pbcs.dll/article?AID=200990908062

Just two months in and the numbers are off, even the old numbers were high...off in 9.09.

If we don't stop the Zombulator soon...it will stop us...ALL.

Report this comment
#8) On September 10, 2009 at 7:37 AM, alstry (35.15) wrote:

We are less than 1/3 the way through 9.09........and it is already this evident...imagine what happens as we move forward.

Report this comment
#9) On September 10, 2009 at 7:56 AM, alstry (35.15) wrote:

SEPTEMBER SLASHER DOESN'T QUIT....WHO IS GOING TO BE PAYING SOCIAL SECURITY/MEDICARE TAXES???

Monsanto Co., the world's biggest seed maker, says it plans to make deeper work force cuts than previously announced, saying it will reduce its staff by about 8 percent to cut costs.

In June, Monsanto had said it was cutting about 4 percent of its staff, or about 900 jobs. The new target of 8 percent disclosed Thursday indicates the St. Louis-based company is cutting about 1,736 jobs.

PRACTICALLY EVERY CITY COUNTY AND STATE CUTTING...AND NOW BUSINESS CUTTING EVEN MORE

Report this comment
#10) On September 10, 2009 at 8:02 AM, norcal313 (< 20) wrote:

A handful of the issues that truly need to be addressed include: Taxing those who are not currently paying taxes, realigning spending instead of proposing grandios socialist health-care programs, and PRAYING FOR INFLATION! 

The most realistic solution to solving this incredible deficit we've amassed over the decades is to hope the value of the dollar plunges thus lowering the actual value of the deficit.

Report this comment
#11) On September 10, 2009 at 8:35 AM, dickseacup (66.44) wrote:

I laughed when I read this in your original post:

“This proposal is trying to keep people working,” said Mayor Jim Burch. “We’ve eliminated 300 positions already (since 2007). I don’t want to cut anymore.”

Who gives a crap what he wants to do. If the money isn't there, the money isn't there. It sounds like the residents of Cape Coral, that is, the taxpayers(!) think he needs to cut more. Isn't he supposed to be doing what they want him to do? LOL.

The near future is going to get very interesting for these former politicians/administrators.

Report this comment
#12) On September 10, 2009 at 8:37 AM, alstry (35.15) wrote:

dick,

I will do a blog on this next.....it will get very interesting for all of us.

Report this comment
#13) On September 14, 2009 at 9:21 PM, LifeForceDance (57.73) wrote:

Brilliant!  In the middle of a great recession, fire more government employees.  It adds to unemployment paid, threatens more with health care costs, and is among the stupidest things you can do during a recession.  It is a good way to fuel a Great Depression.  Republicans will love this because they have no clue as to how to run an economy.

Report this comment
#14) On September 17, 2009 at 3:01 PM, topsecret09 (36.20) wrote:

 This website went up Tuesday.........    http://www.operationcanyouhearusnow.com/

Report this comment
#15) On September 17, 2009 at 3:02 PM, topsecret09 (36.20) wrote:

  Consumers get It,our government does not....  http://www.rasmussenreports.com/public_content/political_commentary/commentary_by_howard_rich/consumers_can_read_the_writing_on_the_wall_why_can_t_government

Report this comment
#16) On September 17, 2009 at 3:12 PM, jason2713 (< 20) wrote:

Agreed.

Report this comment

Featured Broker Partners


Advertisement