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alstry (35.98)

Holy Alstrynomics...This is DEPRESSION BAD IN 9.09!!!!!!!

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September 15, 2009 – Comments (11)

SALES TAX RECEIPTS CRASHING.....HARDER AND HARDER INTO 9.09

Sales tax revenue allocated to Austin in the month of September totaled $9.8 million, down 15 percent from a year ago. So far this year, Austin has made $99 million from sales taxes, down 11.3 percent from the first nine months of September. That's the biggest year-over-year decline among the state's five major cities.

Statewide, local governments are getting $428.3 million from sales taxes this month, a 12.9 percent decline compared with a year ago.

September payments represent taxes collected in August by the state comptroller's office on sales made in July.

http://www.bizjournals.com/austin/stories/2009/09/14/daily10.html?surround=lfn

The trend is getting worse....MUCH WORSE!!!!!!! 

Just as Alstry predicted...you would know by 9.09!!!!! 

Sales Tax receipts DOWN 15% in Austin????  Austin is a growing and affluent town.....remember, a 10% decline in GDP is a depression.

And just like Alstry forecasted....we are now going to start to see massive municipal bankruptcies....including hospitals and schools....be patient, the parade has just begun as Benny B is telling you its over.

Downey Regional Medical Center Hospital Inc. said late Monday that it planned to file for Chapter 11 bankruptcy by the end of the day, but that the hospital and emergency room would remain open during the reorganization

In a news release, the hospital said its Board of Directors unanimously approved the Chapter 11 filing after concluding that such action was in “the best long-term interests of the hospital, the community, hospital’s employees, physicians, patients, vendors, and other stakeholders.”

“Today’s necessary actions will allow us to clean up the remainder of the financial morass that the current management team inherited that was over a decade in the making, and that we have been working to fix for two years,” said Chief Executive Kenneth Strople said in a statement.

Downey Regional has 537 licensed beds and largely serves patients without any insurance or those who qualify for Medi-Cal, which pays hospitals less than private insurance. Its cash reserves ran out in March 2008, leaving the facility ill placed to respond to last year’s credit crunch.

http://caps.fool.com/Blogs/AddNewPost.aspx

You can only hang on so long after the money runs out.....and the money is running out all over America.

You can doubt Alstry all you want....but in the end, the truth always bites you in the backside.

11 Comments – Post Your Own

#1) On September 15, 2009 at 12:13 AM, alstry (35.98) wrote:

PARTY TIME FOR CRIMINALS IN 9.09

MOBILE, Alabama - The tough economy has hit the Mobile County District Attorney's Office hard. District Attorney John Tyson Jr. says as many as 15 employees were laid off Friday. Tyson says his office has been dealing with state budget cuts and they were not able to replace a major grant. Now, they've lost about a third of their staff. Despite the smaller work force, Tyson says they'll be able to get the job done, "the remainders of us have to work faster, smarter ,better and more efficient.We are still figuring out exactly how were going to do that but I'm confident that we will be able to do it and maintain a level of service," said Tyson.
On top of the layoffs, Tyson says they also will not be replacing 4 assistant district attorneys who resigned, another who retired, and 3 support personell they lost during this fiscal year.

http://www.wkrg.com/alabama/article/das-office-loses-third-of-staff/353652/Sep-14-2009_5-58-pm/

You think criminals are going to slow down knowing there may not be as many prosecutions?????

On a serious note...just for a second, as our municipalities shut down...we will need to step up for each other.

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#2) On September 15, 2009 at 12:19 AM, alstry (35.98) wrote:

REMEMBER...WE WERE AT 17% UNEMPLOYMENT GOING INTO 9.09

AKRON -- Over the next 48 hours, a number of City of Akron workers -- including police officers and fire fighters -- will soon receive layoff notices. The city is trying to bridge a $12 million budget shortfall.

The exact number of impacted employees has not been released. In a news conference Monday, Mayor Don Plusquellic said employees are being notified first before those details are released to the public.

"Every single person knows their number," Plusquellic said. "They know whether they're 20 or number 50 or number 100. As soon as somebody gets a notice that they are laid off, every person below them knows that they are laid off."

Plusquellic, however, said the layoffs would impact all city departments, and that leaders took a strategy to protect safety forces as much as possible.

Earlier this summer, the city laid off a number of seasonal workers and offered city workers a buyout.

According to Plusquellic, 123 workers took the voluntary buyout, but city leaders had hoped to get twice that many. The mayor says had the city not offered buyouts and other cost-saving moves, the city would be looking at letting more than 400 workers go.

9.09 is the time when many of the layoffs announced earlier in the year actually get executed.....and we are just at the beginning as Benny B tells you its over.

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#3) On September 15, 2009 at 12:26 AM, alstry (35.98) wrote:

WHAT IS THIS GUY SMOKING?????

Sept. 15 (Bloomberg) -- President Barack Obama said job losses are “bottoming out” and the U.S. economy looks to be growing again even as he warned against cutting off government aid “so soon that the recovery doesn’t take flight.”

ANYONE THINK SOMETHING REALLY BAD IS GOING TO HAPPEN JUST SO THESE GUYS HAVE SOMETHING TO BLAME IT ON?????? 

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#4) On September 15, 2009 at 12:32 AM, motleyanimal (60.94) wrote:

Good Jesus, just take some valium!

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#5) On September 15, 2009 at 12:33 AM, alstry (35.98) wrote:

I NEED TO GET SOME OF THAT STUFF!!!!!

The president ticked off a number of signs the economy is on the mend, including stronger exports and a pickup in manufacturing. Payroll cuts have also tapered off, he said, adding that “we could start seeing some positive job growth.”

Since the recession began in December 2007, the U.S. has lost 6.9 million jobs. Payroll cuts peaked at 741,000 in January and have since subsided, with 216,000 job losses in August, according to the Labor Department.

The 48-year-old president said the economy was still fragile and cautioned against prematurely removing government programs aimed at supporting financial markets and boosting demand.

“I don’t think we’re out of the woods yet,” he said. “What we have to be careful about is taking the crutches away from the patient too early.” He said that was the mistake the U.S. made during the Great Depression.

No Second Stimulus

Still, Obama told CNBC television in a separate interview that he had a “strong inclination” against a second stimulus package on top of the $787 billion program passed by Congress in February.

The world’s largest economy contracted 1 percent from April through June, according to the Commerce Department. The drop was the fourth in a row, making it the longest contraction since quarterly records began in 1947.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aNFQ1sAFl88o

WE ARE MAINLY EXPORTING TRASH LIKE SCRAP PAPER, STEEL AND PLASTIC.

As far as pay roll cuts tapering off.....if there is much more tapering in 9.09, there won't be much to taper any more.

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#6) On September 15, 2009 at 12:44 AM, alstry (35.98) wrote:

LOOKS LIKE THE ZOMBULATOR IS PICKING WAR....

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#7) On September 15, 2009 at 12:49 AM, alstry (35.98) wrote:

motley,

I am shocked you didn't indicate how surpised you were at how bad the sales tax numbers numbers came in even with the benefit of cash for clunkers.

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#8) On September 15, 2009 at 1:23 AM, motleyanimal (60.94) wrote:

You may be confusing me with TMFDeej. I have no experience in auto sales.

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#9) On September 15, 2009 at 1:55 AM, lquadland10 (< 20) wrote:

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#10) On September 15, 2009 at 7:50 PM, Varchild2008 (85.82) wrote:

I just spent $130+ before tax on a video game....World of Warcraft this week...

That's pretty good sales tax increase for Michigan.

Cash for clunkers?  That $4,000 discount on a car people got = taxable.

Seems to me there have been several foreclosed homes that people bought in California and Michigan and Elsewhere... = Property Taxes.

Sorry Alstry.... But, tax revenue is going to be a lot better than you think.

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#11) On September 15, 2009 at 7:52 PM, Varchild2008 (85.82) wrote:

P.S.  $4000 Clunkers taxable discount is for income taxes.... Not sales taxes...

And because cars were getting discounted significantly by the FEDs + Auto Company's incentive on top of that... =  Huge SLASH to Sales Taxes..

That gets completely made up in the income tax revenue...

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