Mass shorfall... 200 mill and growing
I'm sure you guys and gals have heard, Massachusetts revenue is expected to be 200 million lower than projected for this past month... Help me Rhonda...
Many in the know.. had predicted a major shortfall and while we in Mass have much better economic recovery news lately, homes sales are up and unemployment is bad, but not as bad as it could be. Look for more cuts in Public Safety, education, local aid and Health and Human service.
All this is happening and Coakleys office has been giving out huge raises and her overall budget has increased by huge amounts. Her defense to this is, that she is hiring more attorneys to sue as many companies as she can to bring in more money to the state.... the question is... where does all that money go... and it's considerable money. Not enough to bail us out... but it's a small fortune.
posted by Jim Pillsbury @ 11:28 AM
11 Comments
11 Comments:
Mass Shortfall.....
Why the hell do they keep getting this number wrong? Who is doing the cost estimates here, Mickey Mouse? Come on guys, we have some of the best minds in the country living in our state. DO you mean to tell me they can not step up and help the state get a better handle on what our revenue status is?
Help me Rhonda, and Rex, Susie and Stan, and anyone else who can offer help. Geez Louise, this is unbeleivable. Only in Massachusetts could they get it this wrong and continue to get elected.
How big does this shortfall have to get before we start cutting politicians salaries or perks? Aren’t we at that point now? Coakley is already proving she is good at justifying spending even in a down economy. She fits right in with the old boys network on the Hill.
JJ has it right folks... we do have the greatest minds here in Mass... a short walk from Beacon Hill.
And they have been told to expect less... last year... but they.. you know who.. would rather keep their head in the sand and HOPE and prey.. the economy comes back faster.... but as most of us working and non working stiffs know... we are tapped out... and our spending habits have and continue to change... it's not like years past.
This is just more cause for us to doubt the competency of our elected elite... and shortly... more regular people will see more core services effected... while their bring home pay declines.
If we figure 200 million short every month just until the end of the year then we are talking more than a half billion dollar shortfall. How do you make that up? And how can they expect anything different? Have the read the statistics on people out of work? The numbers are only going down because so many people are no longer counted because their unemployment benefits have expired, not because they went back to work. Who is counting those people and how do you think they are getting by? Mine ran out 6 weeks ago. My wife the only support for this family now, and the burden is starting to wear on her. We are in debt far over our head and it gets worse every month. Stopped paying everything but the mortgage, utilities and food, and still we can’t make ends meet. Eating lots and lots of pasta. But how can we expect help from the state or feds when they can’t even keep themselves on track?
Maybe those smart people just a short walk from Beacon Hill better walk themselves up the Hill and let those idoits know they exist. Does us no good to have these people right in our back yard if we are not asking them for help. Hey maybe we can’t afford to pay them.
Pillsbury are these smart people you are talking about the same smart people who advised AIG, General Motors and Lyman Brothers? Seems that all those smart money people really are not so smart after all if you ask me. Maybe we are better off not getting any advice from them.
New,
If we were to take a right and go over the bridge from Beacon Hill, take a left at Mass Ave and stop by MIT, then take a right on Mass Ave on continue on to Harvard Univ, and perhaps one or two stops between those two institutions, I'd bet you would have seen a few elected officials getting advice from those very smart and in the know type brainiacts make a living out of studying the facts and trends.
Yes... some of those very same people have been consulted on the Federal level, about the banking crises, the down fall of our economy, etc, etc... the big stuff, here in Mass our elected elite don't listen to the experts because of political ego, re-election and their own self serving, self centered arrogance and denial of the of the truth.
Jerry G.. as hard as it seems now.. things will get better for all of us.. at some point.
Hang tuff.. and thank the spirit above for your wife.
I like the way you responded about those smart people here in MA. You point out 2 of the best institutions in this country, if not the 2 best. We in MA should be picking the brains of these and the other brainiacs around here. I think I may take that walk down Mass Ave for some advice myself. Really, you are doing a nice job of responding to those who doubt the obvious. Keep it up
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