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alstry (36.12)

Try to Lie or Die

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March 07, 2010 – Comments (2)

The state budget presented six weeks ago by Missouri Gov. Jay Nixon may have overestimated revenues by as much as $1 billion, lawmakers warned Tuesday.

The stunning deficit could force lawmakers to go beyond program and service cuts to consider major structural changes to state government.

That announcement was underscored Tuesday by the release of state revenues for February, which showed a year-to-date decline of 12.7 percent compared with this time last year, and a 14.6 percent drop in revenues for February.

TAX RECEIPTS ARE FALLING OFF A CLIFF AS THE RECOVERY CONTINUES......

The salaries paid to state workers are a HUGE percentage of Federal Income Tax receipts......if state workers aren't receiving generous salaries, Uncle Sam is not bringing in the necessary dollars to sustain the system as we know it....including social security, medicare, unemployment, and welfare.

If government isn't making these payments, then Walmart's sales would evaporate, so would most hospitals, drug companies, drug stores, and grocery stores.......and much of the economy as we know it.

If the above sales contracted...so would the spending of the tens of millions of people that worked in the above industries........

In the end, if we are not lending, spending, and taxing.....we are simply relaxing or lying.

2 Comments – Post Your Own

#1) On March 07, 2010 at 10:31 AM, alstry (36.12) wrote:

WHO WILL BE PAYING FEDERAL INCOME TAXES??????

The Perrysburg School District - 50 to 70 Likely

Saratoga Springs - Deficit could = Dozens of Layoffs

The Oceanside Unified School District - 200 Possible Layoffs

Update: City of Annapolis - 33

Bombardier Inc - up to 140 This Year

North Miami - Considering Layoffs / Furloughs

XenoPort Inc. - 111

IT IS NOT JUST DETROIT ANYMORE........

Detroit runs the risk of needing to file for bankruptcy protection in the near future, according to a bondholder statement that the city filed early last week.
The city is looking to sell $250 million in bonds to help close an estimated $280-million budget gap, according to Bloomberg. In a preliminary offering statement related to the bond sale, Detroit told investors that the city's dire economy could cause it to file Chapter 9 bankruptcy protection.
The March 2 filing notes that high unemployment and a declining population have made it difficult for the city to gain a financial foothold. "If the City's financial status were to deteriorate further, the City's options to improve its fiscal health may be limited," the statement reads.

HMMMM.  BORROW BECAUSE THERE IS NO MONEY???

Again, why can't citizens and private businesses do exactly what government and bankers do....borrow whether qualified or not???

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#2) On March 07, 2010 at 5:34 PM, alstry (36.12) wrote:

More and more want to pay taxes....but jobs are few.

Ten thousand people turned out in a cold Spring rain at Dodger Stadium Saturday for a job fair aimed mostly at hourly and seasonal workers.

Five thousand people were waiting in the wet weather outside the entrance to the stadium before the 10 a.m. kick-off and ran in when the doors opened to meet representatives from 85 companies, the U.S. Census Bureau and state and local agencies.

“It’s about as close to dire straits as you can get,” said Noel Pallais, the Dodgers’ manager of neighborhood relations. “This many people braved the elements for the possibility of employment.”

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