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alstry (35.53)

No Small Potatos In Idaho....the grave yard is empty

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October 15, 2009 – Comments (5)

Remember, collective Government consumption is about half the GDP in America....and government revenuesa are evaporating.

The Legislature's budget chief says Idaho's grave financial picture may require major reforms in state programs, including additional austerity measures and possible fee increases at universities and state parks.

Cathy Holland-Smith, the legislative budget director, told legislators Wednesday that she's heard suggestions lawmakers unearth "skeletons" to help make up a projected $151 million budget shortfall and meet the Idaho Constitution's demand for a balanced budget.

"I've been to the graveyard; it's empty," Holland-Smith told the Senate and House Joint Finance-Appropriations Committee.

The recession has driven state unemployment to nearly 10 percent. Fiscal year 2009 tax revenue declined more than 15 percent from 2008 to just $2.46 billion. Revenue is expected to fall an additional 3.6 percent in the year that began July 1.

http://www.idahostatesman.com/idahopolitics/story/936554.html

Based on recent September tax receipt reports....3.6% seems like a good start but no where close to where things are headed.

Again, unless America restructures debt....we will simply keep cutting and cutting and cutting to meet debt service....until there is nothing left to cut or we have the entire nation protesting in the streets like San Juan today.

5 Comments – Post Your Own

#1) On October 15, 2009 at 9:52 PM, alstry (35.53) wrote:

Good consumers are not a BIG part of the economy...

(Reuters) - U.S. consumers are increasingly late paying off loans on their primary home, as the highest unemployment in a quarter of a century pushes up delinquency rates on home loans and most other types of loans, according to a monthly report by the Equifax credit bureau.

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#2) On October 15, 2009 at 9:55 PM, alstry (35.53) wrote:

Foreclosures: 'Worst three months of all time'

http://money.cnn.com/2009/10/15/real_estate/foreclosure_crisis_deepens/index.htm?eref=aol

Isn't it time we bring back the recession....this recession is over is making things the Worst of All Time.....that is what happens when worse is better than expected sequentially quarter after quarter....until there is nothing left.

Instead of bailing out the banks, we must bail out the debt....that way BOTH the citizens and banks get bailed out at the same time.

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#3) On October 15, 2009 at 10:10 PM, Starfirenv (< 20) wrote:

Tell 'em about blood in the street Al, and zombulation, extermination, alstrybation, etc etc ad nausium. Silly fools just don't get it, let alone feel it. Damn,"STUPID FOOLS". It's not easy being an Oracle. Tell 'em Al!!!!!!!!!

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#4) On October 15, 2009 at 11:05 PM, alstry (35.53) wrote:

Star..instead of simply whining...why don't you blog about

Rising Employment.....

Rising Sales.....

Rising Tax Receipts.....

Rising CRE prices or occupancy.....

Rising Wages......

Please....just a few blogs......instead of the TRUTH like:

SAN DIEGO — All San Diego city departments are being asked to identify how they can cut 27 percent out of their discretionary budgets.

City department heads got a memo earlier this week telling them to look for ways to cut 27 percent of their costs. San Diego is facing a projected deficit of $180 million to $200 million.

or

City of Elgin - 11

Bossier City - Layoff Numbers today at 10am

Racine Produce in Elmwood Plaza

Jurgens & Holtvluwer Store in Grand Rapids

Sonoma Airporter

Cicero Restaurant 

Pittman Jewelers in Clayton

Hawker Beechcraft possibly closing Salina Plant

Update: Pfizer Closing Bridgewater Plant in 2010

On the other side of these links are families, many with kids........please.....just a few happy blogs about hiring, openings, growth.......

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#5) On October 16, 2009 at 12:03 AM, alstry (35.53) wrote:

As many as 2,000 state workers in Iowa may lose their jobs by the time all state agencies implement an across the board 10 percent budget cut.

More shutting down.......

The Amherst H. Wilder Foundation is cutting about 260 jobs and exiting some of its community programs due to a decline in fundraising and a 17 percent loss in its endowment fund.

The job cuts will affect about 260 of St. Paul-based Wilder’s 650 employees. Many of the jobs are part time, however, so the number of full-time-equivalent jobs (FTEs) that being cut is about 200 of 525.

The organization will stop supporting programs such as children’s placement services (foster care and children’s residential services), home health agency and homemaker services (primarily serving elderly), employment services with correctional facilities, housing management services and neighborhood leadership programs.

Mass. employers cut more than 9000 jobs in September

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