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Deficit soon to hit where it truly hurts (hold my wallet alert)
Sacramento Bee ^

Posted on 12/09/2002 3:28:00 AM PST by freeper12

Edited on 04/12/2004 5:46:41 PM PDT by Jim Robinson. [history]

Kim Rueben was a student at a Brooklyn junior high school in the 1970s when New York City almost went bankrupt and started cutting back programs. "Suddenly, the music teacher wasn't there," she recalled. "For the first part of the semester, we sat in the library. Then they started giving us more sheet-metal classes."


(Excerpt) Read more at sacbee.com ...


TOPICS: Business/Economy; Government
KEYWORDS: california; davis; exonomy
Hold onto your wallets fellow freepers. States are screwed and its getting worse. CA, NY, MAss are in for deficits like NOTHING they have seen in the past 50 years, and policiticans are going to be very slow to implement any real cuts so the deficits are going to continue to grow for 5 years into the future at least.

I expect MASSIVE increases in state and local taxes, 18% hikes n property taxes in NYC is just the tip of the iceberg.

Of course very few states workers will actually lose therir jobs....

1 posted on 12/09/2002 3:28:00 AM PST by freeper12
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To: freeper12
Just posted this on another thread:

You may be forgetting something. When the liberal element (rats) see the ship about to sink, they're going to bail out. Coming to a State near you. Once they've moved to your State, the same thing will start all over again...because they will not have changed the way they've been thinking.

2 posted on 12/09/2002 3:33:22 AM PST by MeneMeneTekelUpharsin
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To: freeper12
When times are good, states spend and spend. Politicians start new programs (to buy votes) and more workers are hired to run the programs. Departments take last years budget and add 10% and that becomes next years budget. If they get anything less then it's a "cut". Voters don't hold anyone accountable, so it becomes a viscious cycle. Every new program has its "special interest" groups to predict dire consequences if they don't get funded. Waste and fraud runs rampant in good times.
3 posted on 12/09/2002 3:43:26 AM PST by OBone
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To: freeper12
If Ca, NY, and MA instituted a sales tax in other states to help them pay for their liberal pork programs they would be...       Oh, forget it
4 posted on 12/09/2002 3:48:11 AM PST by chainsaw
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To: OBone
This is allcode for MORE TAXES. Music and art are NOT NECESSARY. They are nice to have when you can afford them BUT again NOT A NECESSITY. CUT THEM. If the other States budgets are like Tennessee's they are REAL BLOATED with MORE buildings for Higher ED, MORE pay for the state workers, ESPECIALLY Higher ED. This last budget battle killed the income tax push for awhile, but we still got socked with the BIGGEST tax HIKE in state history. All to pay for the boondoggle TennCare and $300M in new college buildings, pay raises..speaking of which the Higher Ed crowd not satisfied with the 2.5% the rest of the state workers and K-12 teachers received, raised tuition 14% and then gave themselves a SECOND pay raise of 2.5%.
5 posted on 12/09/2002 3:49:40 AM PST by GailA
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To: MeneMeneTekelUpharsin
This may be painfully true when the welfare parasites start having to cut back. The first go round happened in Maine when the mayor made a reasonable request to stop the infiltration of the public dole but that is not going to have any effect on illegals and other minorities out to get your money.
6 posted on 12/09/2002 3:55:09 AM PST by RWG
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To: OBone
A Government can't GIVE you anything...all it can do is TAKE from some and give to others....
7 posted on 12/09/2002 4:03:06 AM PST by M-cubed
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