AND THAT IT IS GOING TO BE VERY PAINFUL
The White House was bought and sold years ago.
This scenario has been coming for years. There are two things that must be pointed out. Billions of dollars are being spent to maintain unwanted wars around the world; dollars that the people earn and deserve to have spent on their own country. Meanwhile Wall Street reports record gains. Think about it.
While state revenues ~ shrunken as a result of the recession ~ are finally starting to improve somewhat, federal stimulus money that had propped up state budgets is vanishing and costs are rising, all of which has left state leaders bracing for what is next. For now, states have budget gaps of $26 billion, by some estimates, and foresee shortfalls of at least $82 billion as they look to next year’s budgets.
#1 The financial manager of the Detroit Public Schools, Robert Bobb, has submitted a proposal to close half of all the schools in the city. His plan envisions class sizes of up to 62 students in the remaining schools.
More than a dozen states estimate that their backlogs are at least $100 million. Massachusetts and New York’s are at least $1 billion. Hawaii officials called park conditions “deplorable” in a December report asking for $50 million per year for five years to tackle a $240 million backlog that covers parks, trails and harbors.
“It’s fair to say that there are tens of thousands if not hundreds of thousands of people waiting to be paid by the state.”