Mish Shedlock posted a great blog entry detailing the budget troubles affecting many states and cities. The proverbial shit is hitting the fan to say the least. Anyone who claims this depression is cover is out of their minds. I can’t wait to see how the Government Bureau of Labor Statistics finds a way to manipulate these numbers.
New York City will have to lay off more than 10,000 public workers, in addition to 8,500 teachers, if the state legislature approves the $1.3 billion of cuts the governor proposed in his deficit-closing budget, Mayor Michael Bloomberg said on Monday.
More than a third of the streetlights in Colorado Springs will go dark Monday. The police helicopters are for sale on the Internet. The city is dumping firefighting jobs, a vice team, burglary investigators, beat cops — dozens of police and fire positions will go unfilled.
Phoenix’s budget troubles came into sharper focus Thursday as City Manager David Cavazos proposed shutting down senior centers, libraries and sports complexes, and laying off hundreds of police officers and firefighters for the first time in decades.
Sacramento County could be facing a $150 million general fund shortfall next fiscal year, according to preliminary county projections obtained by The Bee.
Nevada’s budget outlook is so bleak that lawmakers doubt whether state government can remain afloat without drastic cuts to everything from prisons to schools to state parks and services for the poor and elderly.
Schwarzeneggers’s daily stunts to keep his state afloat are getting more ridiculous.
The governor probably wasn’t joking yesterday, when he suggested outsourcing California’s overcrowded prison system to Mexico. Specifically, he would send the state’s 19,000 imprisoned illegal immigrants to prisons south of the border.
Not to mention the corporations that are laying off people by the thousands.
Verizon Cuts 13,000 jobs.
Walmart to cut 11,200 jobs.
Home Depot to cut 1000 jobs.
