[arete]

Yes indeed, and the problem not only extends beyond Nevada, but it is also much worse in other states. State and local governments are going to be faced with some very tough choices. Either they have to cut back on services which is probably the right choice; or, they are going to have to raise taxes which will decrease discretionary spending by the consumers. Many folks are going to have to adjust to "living with less" in a society built on the glory of excess.

Richard W.

[B4Ranch]

The folks that draw my attention are the technical folks who have been laid off and cannot find another job because of the lack of manufacturing, which is the result of small demand. They are going to have to wait until the entire economy swings back into a solid growth picture. Ouch! I'm sure there will be many lost homes, divorces, and everything else that lack of cash brings to decent people.