“Tax revenues used to pay teachers and fuel police cars continue to trail even the most pessimistic expectations, despite the cash from the economic stimulus plan pouring into state coffers.
“It’s crazy. It’s really just unbelievable,””
No, it’s not unbelievable at all. It’s very understandable ...
When will they understand that this all started mid 2008, the moment we all saw The Big O nominated and that he might win.
What would our financial and social future be like if he won? Intelligen,t well read and well researched Americans knew what was coming and made preparations appropriately.
Why work for a Communist? The Communists never did - and so they stood in bread lines for hours to pay 5 cents for a loaf of bread - that many children in Moscow would then roll up and use as a soccer ball, since it was cheaper than a soccer ball ...
Don’t they stand for hours in line, right now, today, in Cuba, in Canada, in the U.K. . ???
Or do they just die waiting for a bureaucrat to OK the operation ... ?
Seeing that coming, wouldn’t you too cut back, save, “conserve” buy a gun and ammunition ??? ... oh wait, that’s just what so many did.
And there’s this big surprise that government revenue is down, the money they use to “fill” police cars.
No, that’s the money they use to pay $100,000 and $200,000 a year to the state employees who even have their own union -— and we all know how good and honest unions are.
And then there is the crazy retirement benefits of $200,000 and more per year for ... wait for it ... such state vital employees as Toll Takers. I talked to one today. The guy was so befuddled he couldn’t answer a basic question. He was sleepily leaning on a mop -— maybe he’s one of the hard working ones!!!
Wonder what HE gets paid ............
Go John Galt ,,,,,,,,,,,,,,,,,,,
State tax revenues don’t lie.
Everybody else does.
Gee, I guess governments will have to get smaller then.
This could be a plan to crash the economy to sell out to the “new world order”
States’ revenue is where the actual condition of the economy walks the walk.... and this is proving that the economic advisors and the messiah in DC have NO CLOTHES
It’s gonna get worse... Thanks for the ping.
The United States is recovering but the states aren’t, hmmm, that makes sense how?
re: Most states had been pessimistic in forecasting their tax revenues for the 2010 fiscal year
BS, I might be wrong but I don’t think a single state moved to spend less in real terms than the year before. If they would start by controlling the growth in their obscene budgets and then work to gradually increase the decrease it would be possible. But as long as they insist on spending money they KNOW won’t be there and then following through by making cuts in the most visible and necessary programs nothing is going to change.
Even the states are prohibited from having a deficit get around it by overstating projected revenue. Then the inevitable happens and the weeping and wailing and cutting cops and libraries starts.
So predictable, and at every level from dog catcher to POTUS.
We are only at the beginning of this mess.
People who keep touting that we're in a "recovery" need to be committed to an asylum for long term observation.
There is NO recovery while the economy continues to lose jobs and NO prospect for an economy to improve until growth is anticipated (...not happening...anticipated!) and hiring begins.
Anyone suggesting otherwise is a leftist sympathizer and should be grouped right along with the rest of this nation's enemies, like congress.
States will need to make sharp cutbacks on welfare. It will be the only way out for them.
Unchecked increases in so-called "services" is what got states into this mess to begin with. They never saw a program they didn't like, unless maybe it had something to do with actually reducing expenditures.
Ain’t commin’ back until bureaucratic government adapts itself from the 19th to the 21st century.
This is a problem folks....up until the last 80years or so...the Feds had to beg from the states...
http://www.usatoday.com/news/nation/2009-05-04-fed-states-revenue_N.htm
The wheels fall off the bus when the bond market refuses to continue this.
Wis is raisng state, local and any other tax the Governor can imagine. Long time Wis businesses are leaving by the bucket load - even losing business to Michigan...
Wis is 48th on list of busness-friendly states and trying out for 50th (or is that 57th).
Our elected thieves spend the tax payers money like there is no tomorrow, it’s a bottomless pit to them.
When times get tough, the tax payers are told that they need to cut back and stop wasting money they don’t have.
When times get tough for the ones who spend money from this bottomless pit, from the tax payers who are told they need to cut back, they have a simple answer raise taxes to support their reckless spending and outrages perks.
I think somebody's really reaching here.
No, there is plenty of money for that spending. Simply cut all the non essential administrative staff at the various state bureaucracies like Depart of Natural Resources, EEO, State EPA 1st rather then cut essential services 1st as is the habit of Leftist politicians.