Cash-strapped cities look to cash-strapped states

October 7, 2010

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9 Responses to Cash-strapped cities look to cash-strapped states

  1. Chris says:

    Yes, but…… The USA is in a TEMPORARY situation that took years to create and will take a few years to fix; and our local governments are RAISING TAXES, and CUTTING SERVICES in their efforts to make up for the lack of tax income due to corporations laying off millions of people. BUT, what happens when the UE goes back to the normal of 5.5% ? Will we rehire and reinstate the Services, and will we REDUCE the taxes? The answer can be found in the Ronald Reagan years, NO…. Reagan caused a 3 to 5 times increase in state and local taxes, and these NEVER got reduced when the economy improved and returned to the pre-Reagan years…..

  2. Chris says:

    Yes, but…… The USA is in a TEMPORARY situation that took years to create and will take a few years to fix; and our local governments are RAISING TAXES, and CUTTING SERVICES in their efforts to make up for the lack of tax income due to corporations laying off millions of people. BUT, what happens when the UE goes back to the normal of 5.5% ? Will we rehire and reinstate the Services, and will we REDUCE the taxes? The answer can be found in the Ronald Reagan years, NO…. Reagan caused a 3 to 5 times increase in state and local taxes, and these NEVER got reduced when the economy improved and returned to the pre-Reagan years…..

  3. Chris says:

    Yes, but…… The USA is in a TEMPORARY situation that took years to create and will take a few years to fix; and our local governments are RAISING TAXES, and CUTTING SERVICES in their efforts to make up for the lack of tax income due to corporations laying off millions of people. BUT, what happens when the UE goes back to the normal of 5.5% ? Will we rehire and reinstate the Services, and will we REDUCE the taxes? The answer can be found in the Ronald Reagan years, NO…. Reagan caused a 3 to 5 times increase in state and local taxes, and these NEVER got reduced when the economy improved and returned to the pre-Reagan years…..

  4. Mike says:

    There is nothing temporary about 3 Trillion Dollars. In fact, it is fairly PERMANENT! And it didn’t take only a few years, it took 2 decades of unchecked deficit spending (Bush Jr AND Obama). Unfortunately, Obama doesn’t take responsibility for his share of deficit spending.

    And it will take more than a few years to fix. Raising taxes, and cutting services are only a small fraction compared to the enormous national debt. $3 Trillion. TRILLION. You do realize that is 12 zeros after the 3, right?

    If the the two presidents didn’t engage in such reckless deficit spending, we very well could have made a rebound by now. Instead, we are entrenched DEEPER in debt, a debt that is nearly equal to the amount of our Gross National Product. Stop the fiscally irresponsible spending!!

    Personally, I wouldn’t want to go back to the pre-Reagan era. Do some research and find out!

  5. Mike says:

    There is nothing temporary about 3 Trillion Dollars. In fact, it is fairly PERMANENT! And it didn’t take only a few years, it took 2 decades of unchecked deficit spending (Bush Jr AND Obama). Unfortunately, Obama doesn’t take responsibility for his share of deficit spending.

    And it will take more than a few years to fix. Raising taxes, and cutting services are only a small fraction compared to the enormous national debt. $3 Trillion. TRILLION. You do realize that is 12 zeros after the 3, right?

    If the the two presidents didn’t engage in such reckless deficit spending, we very well could have made a rebound by now. Instead, we are entrenched DEEPER in debt, a debt that is nearly equal to the amount of our Gross National Product. Stop the fiscally irresponsible spending!!

    Personally, I wouldn’t want to go back to the pre-Reagan era. Do some research and find out!

  6. Mike says:

    There is nothing temporary about 3 Trillion Dollars. In fact, it is fairly PERMANENT! And it didn’t take only a few years, it took 2 decades of unchecked deficit spending (Bush Jr AND Obama). Unfortunately, Obama doesn’t take responsibility for his share of deficit spending.

    And it will take more than a few years to fix. Raising taxes, and cutting services are only a small fraction compared to the enormous national debt. $3 Trillion. TRILLION. You do realize that is 12 zeros after the 3, right?

    If the the two presidents didn’t engage in such reckless deficit spending, we very well could have made a rebound by now. Instead, we are entrenched DEEPER in debt, a debt that is nearly equal to the amount of our Gross National Product. Stop the fiscally irresponsible spending!!

    Personally, I wouldn’t want to go back to the pre-Reagan era. Do some research and find out!

  7. Christopher Boyce says:

    Austerity or outright bankruptcy are the only options for many governments. At any rate, there should be no federal bailout without sacrifice on the part of public employees and constituents; otherwise, it’s just delaying the inevitable.

  8. Christopher Boyce says:

    Austerity or outright bankruptcy are the only options for many governments. At any rate, there should be no federal bailout without sacrifice on the part of public employees and constituents; otherwise, it’s just delaying the inevitable.

  9. Christopher Boyce says:

    Austerity or outright bankruptcy are the only options for many governments. At any rate, there should be no federal bailout without sacrifice on the part of public employees and constituents; otherwise, it’s just delaying the inevitable.

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