Attention County Board Chairman McMahon, Regional Superintendent of Schools Metzen, and ALL city Mayors!!!
It's official! We are in an economic depression no matter how you look at, no matter what our controlled media tells us, no matter what those revered 'economist experts' tell us! And especially what the Wall Street numbers are. Wall Street is at war with Main Street. There will be no 'recovery' and there can be no 'recovery without job creation, period. Alleged 'economic experts' see a lessening of 'official numbers of recently unemployed' as a sign that the economy is recovering. The only entity offering job opportunities are the 'temp' agencies.
It's good to have hope and have a 'positive outlook,' but it's not good to lose touch with reality.
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Bad economies in states to worsen: governors
WASHINGTON (Reuters) - The already gloomy conditions of states' economies are set to worsen, according to preliminary survey findings from the National Governors Association released on Saturday.
"The situation is fairly poor for a lot of states around the country. In fact, most states," Vermont Governor Jim Douglas, who is chairman of the association, said at a press conference at its annual meeting.
"What we're finding out from a fiscal standpoint is that the worst is yet to come," Douglas said...
In a survey conducted last week of 45 of the 50 states, the group found that states have $18.8 billion of budget gaps yet to be closed in fiscal 2010. This comes after they have already imposed measures to eliminate budget imbalances totaling $87 billion in the fiscal year, which for most started last summer.
In the budgets they are drafting for fiscal 2011, states foresee shortfalls of $53.6 billion and for fiscal 2012 $61.6 billion.
(Note: I'm not sure how they arrived at the '$18.8 billion of budget gaps' figure, but what is significant is that this number increases three-fold in 2011 and almost quadruples in 2012)
"Economists have declared the national recession over. But for those who are still unemployed, for those who have lost their homes, it's clear that as a nation we have a long way to go," said Douglas, who added that states' revenues have plummeted for four quarters in a row...
The $787 billion stimulus plan the U.S. Congress passed a year ago included the largest transfer of money from the federal government to states in the nation's history. But for many states, most of its funding will run out by December...
http://www.reuters.com/article/idUSTRE61J26V20100220*****
Keep in mind that all of this stimulus money is 'borrowed.' Barky just okayed Congress's request to raise the debt limit to OVER $14,000,000,000,000! This is madness. Do you realize how many generations it would take to pay this off...with interest? The only conceivable way to do that is to dramatically rreduce the value of the US Dollar. If $100 was suddenly only worth $1, then the debt would 'only be' $1,400,000,000 with interest. Of course anything imported would cost 100 times as much, but....jeez!
Jobs! People have to have jobs if they are going to have to pay taxes,...duh. So where are the needed jobs going to come from? Where? We used to be the world's largest exporter, we used to have jobs out of the wazoo. Now we only export armaments and some grain. We don't make TV's, radios, clothes, etc. anymore. What are all of those high school dropouts going to do to make money legally? Here's a better question: What are all of our college graduates going to do for careers? Work for foreign firms?
Will Congress fix Social Security by raising the retirement age to 90? Will they make us trade our meager 401k money for worthless Treasury Bonds?
Let's see where we're at in, say...oh...2012.
