Friday, October 16, 2009

600 million shortfall now

More bad news on the home front. Mass is heading towards some seriuos lay offs (maybe 2000) and furloughs, if unions don't take some concessions. The Health Insurance fund for the un employed may be 50 million in the whole by April.

The 212 million dollar shortfall in revenue, unemployment at a record high of 9.3% is making the administration talk about more local aid cuts. All this and the legislature hasn't agreed to give Deval emergency powers to cut across all of the state budget. And nothing infuriates me more than the entitlement attitude of the Legislature. They've taken no hit what so ever in salary, benies or perks.

They are finally looking at consolidation of the quasi public/State agencies that are duplicating services. But notice, no wage freeze, no hiring freeze... nothing that would let us know they are serious about keeping us from further declines.

While I have railed on the lack of stimulus money going to shovel ready projects, that alone will not get us over the hump, but WHY Deval has not pulled out all the stops on this money is criminal and may be his undoing next year.

Hang on to your employment, take whatever job you can find, stay as healthy as you can and wait for the recession to be over.

3 Comments:

At October 16, 2009 at 12:14 PM , Blogger Framingham resident said...

Every single day I hear more distressing news about the state of the state. Are they intentionally letting it out a little at a time, or are they morons and keep discovering more places they messed up every day? This is a disaster people. Hope you remember that come election time.

 
At October 16, 2009 at 4:04 PM , Blogger Abra said...

They did not know the economy was tanking? Well then they are not the right people for the job, are they? It is their job to anticipate things when planning a budget, just like it is mine for my home budget. Fire the losers, all of them, and don’t re-elect the ones we can vote out. Time to get some knowledgeable people in the state house who will know how to watch the news and read the papers and see what is coming. I am sure glad that Noah did his job better than these people do none of us would be here. If he waited for the rain to get 5ft deep to start building his ark, all would have drowned.

 
At October 16, 2009 at 5:02 PM , Blogger Tim W. said...

I am tired of reading about hanging on till the recession is over. There are 2 economies in the US. One for us poor working saps who lost our jobs and are struggling to stay alive let alone to stay solvent. The other is the one for those who don’t work, but invest. The stock market is an indicator of how they are doing. Never the twain shall meet. We, the working sap, need to band together. Don’t waste our time complaining, lets expend our efforts voting, and get someone in there who lives in our world, feels our pain, and speaks our language. That is the only hope those like me have.

 

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