Time is RUNNING OUT..9.09
Cities, Counties and States are struggling and running out of money across America. Over the past few years, they collectively borrowed trillions of dollars to build new buildings, schools, hospitals and convention centers when the tax receipts were flowing. Now that money is evaporating, the deficits are mounting as covering interest obligations are becoming more and more difficult to service.
As a result, practically all are laying off and slashing wages making it very difficult for workers to meet monthly obligations. Some are even being compelled to stand in food lines for assistance. The impact is being felt by thousands of municipalities and tens of millions of Americans.
Due to Zombulation policies, our consumption economy is rapidly coming to an end....and there are hundreds of millions of Americans dependent on the consumption economy to survive, tens of trillions of debt that was incurred due to the consumption economy, and very high salaries paid that benefitted from the consumption economy which are all starting to fail and fade quickly.
Unfortunately, the only thing not fading is the high cost of living and very high interest payments.
This was all very foreseeable when you Zombulate an economy that produces very little outside of what its own citizens consume... add in the fact that most of the recent consumption was based on credit that the Zombulator provided WITH MONEY IT NEVER REALLY HAD and you have an economy very susceptible to be destroyed by the Zombulator.
Now the Zombulator is out in full force unleashing the September Slasher and suffocating revenues to our families, businesses, and municipalities.
CIB struggling to cover $47B deficit
INDIANAPOLIS (WISH) - Layoffs may soon be on the way for workers at the Indiana Convention Center. It's just part of the ongoing money woes for the Capital Improvement Board.
Hikes in hospitality taxes helped pay for the convention expansion under way right now but there is no money to market the added space.
There was trillions of dollars of new contruction built over the past five years to support the consumption economy...but now the Zombulator destroying consumption and telling us its time to save......unfortunately there are tens of millions of jobs, loans, and municipalities dependent on the consumption economy to function and if spending is cut....so is the revenues.
Well, just like Alstry predicted...you would know in 9.09 that MOAP was here....the leveraged consumption economy that the United States built over 50 years is coming to an end....and so is most of the stuff depdendent on it and the values of the assets within it.
It is not the end of the world nor is it doom and gloom. Just the end of a prosperous era that many of us took for granted. Most of the current jobs in America will evaporate as relatively few are needed in a savings economy.....but eventually, who knows when, a new technology will develop and hopefully be big enough to put us back on a growth path again....with a much improved lifestyle.
But under the current Zombulation policies including raising interest rates and cutting off credit while bailing out bankers, we KNOW that things will get worse as banks are being incentivized NOT to lend by receiving interest on reserves. Why risk and lend when the FED or Treasury will give you a guaranteed payment and a very good rate....AFTER bailing you out.
Unfortunately, there doesn't appear to be anything right now on the horizon nor does the Zombulator seem like it wants to help the citizens and restructure debt as the bailed out bankers get a free ride. The only ones getting bailed out is Wall Street as tens of millions of Americans are getting kicked out of their homes and put out on the streets.
The anger is rising as we enter 9.09....and the anger is rising around the world as more and more go broke. The citizens are agitated by their condition and many nations are rapidly building their military infastructure. The conditions are parallel to other times prior to major conflicts. When your people are hungry and out of work, you must find something for them to do or they might turn on you.
And right now, the Zombulator and September Slasher is putting many out of work and shutting down businesses as we move through 9.09
Chart Industries - 90
York County - 24
Rainbow Play Systems - 60 more job cuts?
NY State to cut 3,722 Jobs Over next 2 Years
Update: Radford University to start Layoffs
Indiana Convention Center Considers Layoffs
The Technical Ordnance Inc - 19
Maryland Public Television - 18
Update: East St Louis - 13 Firefighters and 5 others
Update: Eli Lilly - 5,500
Arnold Engineering Center - 132
Muscular Dystrophy Association - 120+
GE - 160
Eli Lilly - Layoffs coming by 2011
City of Farmington - Total 60 Job Cuts
Putnam County - 32 layoffs?
West Melbourne - 7 Public Works Jobs
Village of Oswego - Plans Layoffs
Michigan Community Mental Health Authority - 5
Serbia ( International ) - to cut 20% of State Jobs under IMF Plan
Village Bank Closing 3 out of its 4 Branches
Myers Industries to close 2 Plants - Cut 158 Jobs
Sick Stegmann Inc closes - 38 jobs gone
Blockbuster in Billings closing this week
RBS - Closing Overseas Commercial Unit
Kohler Plant in Searcy Closing by Nov 25 - 57 Layoffs
The Museum Shop in Aurora
Philadelphia to close all Free Public Libraries Oct 2??
New Knox County - Plan New Central Library and close 8 others
Elizabeth's Elegant Bridal
Star Surfing Company
The Red Wing Shoe Store in Great Falls
Anyone have any idea how many are being hired for each person fired??? And how many are getting wage increases for each wage decrease???