You will learn in September that practically every city, county, and state in America is being forced to make dramatic cuts. You will learn that even with a $2 Trillion dollar deficit....business is shrinking in America AND there is very little hope to make up that deficit without MASSIVE cutting.
Here is the really interesting part....government accounts for 50% of GDP in America. What happens to America's consumption economy when the Big Consumer can no longer consume and itt reveues are evaporating?
As we proceed through September, you will soon realize the our consumption economy is coming to an end.....the question is what will replace it and whether we will have any say in the matter?
Keep watching the ticker......the computers are busy today.
SANTA FE, N.M. (AP) -- Furlough. It's a dreaded word in state government as the Legislature and Gov. Bill Richardson decide how to erase a more than $400 million budget deficit.
New Mexico's court system warns that unpaid worker furloughs will become necessary if lawmakers sharply cut spending to balance the budget. Richardson plans to call a special session of the Legislature, probably in October, to deal with the state's financial problems.
If 5 percent budget cuts are required, "every employee in the judiciary is likely to get furloughed," said Artie Pepin, director of the Administrative Office of the Courts.
"Obviously, we don't want to furlough anybody and our priority is to avoid furloughs, but if they take another 5 percent from us, we don't have anything else we can do," Pepin said.
DENVER - If you want a driver's license, a copy of an accident report or a tour of the state Capitol, you'll have to wait until Wednesday.
More than 15,500 state workers are taking their first of four unpaid days off Tuesday because of budget cuts.
YOU CAN'T GROW A CONSUMPTION BASED ECONOMY IF THE BANKS ARE CUTTING OFF CREDIT TO THE CONSUMER AND THE BIGGEST CONSUMER IS RUNNING OUT OF MONEY.
THE ZOMBULATOR HAS UNLEASHED THE SEPTEMBER SLASHER....SOON YOU TOO WILL KNOW.