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razoo

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Since the onset of the coronavirus recession, state and local governments across the United States have announced deep cuts in spending.

The state-local government sector lost 1.5 million jobs in April and May. After a slight rebound, 320,000 additional jobs were cut between September and November. These cuts are occurring at the same time that public workers, such as school teachers and bus drivers, are risking their lives to provide essential services.

A recent New York University study reported that nearly 25% of New York City transit workers have contracted Covid-19. Instead of receiving thanks and appreciation, these workers are getting laid off and furloughed en masse. 

Not only have these cuts led to devastating job losses for government employees that are on the frontlines of the crisis, but they have also reduced the size and scope of public services just when all of us need them most.

Are these layoffs and cuts on the state and local level inevitable, or are there ways to resist this austerity?Balanced-budget rules are the key to making sense of why these cuts are happening.

In the 1840s, the federal government ceased its tradition of bailing out states that were on the verge of bankruptcy. To try to avoid bankruptcy, many states then passed balanced-budget rules that constrained their legislatures ’ decisions about budgets.

To this day, states adhere to this mindset, matching expenditures with revenues. Although the stringency of these rules varies across governments, balanced budgets are the norm. This means that without additional borrowing, any blow to revenues will severely impact a government ’s ability to spend.


http://www.dollarsandsense.org/archives ... rajok.html
 
 
 
Last edited by razoo on 19 Oct 2021, 4:21 pm, edited 1 time in total.

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ConsRule

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Wow...you mean when a state and/or local government shuts down their primary source of tax revenue...namely sales tax...they have budget issues?

Damn...whoda thunk it? Oh wait...anyone with half a brain.

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razoo

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Avoiding Past Mistakes


The Covid-19-driven lockdowns and quarantine measures have reduced transactions and employment, devastating sales and income tax revenue.


If state and local governments choose to balance their budgets primarily with spending cuts, as was done in the last downturn, we can expect weak demand, high unemployment, and an overall sluggish recovery.

However, the mistakes of the past do not have to be repeated. First, the federal government needs to provide additional relief funds to struggling governments. Not only are borrowing rates for the United States extremely low, research shows that state and local governments can and do spend relief funds.

If the federal government will not provide additional funds, states and cities still have options to prevent austerity and stimulate their local economies.

Progressive income taxes are an equitable way to raise revenue. As New Jersey ’ s budget actions have shown us, engaging in austerity at the state-local level because “ there are no other options ” is no longer acceptable.

http://www.dollarsandsense.org/archives ... rajok.html
 

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Blackvegetable

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ConsRule » 19 Oct 2021, 4:19 pm » wrote: Wow...you mean when a state and/or local government shuts down their primary source of tax revenue...namely sales tax...they have budget issues?

Damn...whoda thunk it? Oh wait...anyone with half a brain.
You a Recidivist Supply Side Voting Deficit Hawk, Pilgrim?

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Taipan

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Blackvegetable » 19 Oct 2021, 5:52 pm » wrote: You a Recidivist Supply Side Voting Deficit Hawk, Pilgrim?

"Everyone must learn to live within their means".
Spending money that you don't have & putting your
kids deeply into debt is........morally wrong.

The Dem Team shout, "Spend Money !! Spend Money !!  Max-out the credit cards !!".
The GOP Team shouts, "Save Money !!  Save Money !!".

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Blackvegetable

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Taipan » 19 Oct 2021, 6:02 pm » wrote: "Everyone must learn to live within their means".
Spending money that you don't have & putting your
kids deeply into debt is........morally wrong.

The Dem Team shout, "Spend Money !! Spend Money !!  Max-out the credit cards !!".
The GOP Team shouts, "Save Money !!  Save Money !!".
Ready to do some math?

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Taipan

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Blackvegetable » 19 Oct 2021, 6:03 pm » wrote: Ready to do some math?

My calculator is always on.                                                                        :clap:   :clap:  

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Str8tEdge

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razoo » 19 Oct 2021, 4:16 pm » wrote: Since the onset of the coronavirus recession, state and local governments across the United States have announced deep cuts in spending.

The state-local government sector lost 1.5 million jobs in April and May. After a slight rebound, 320,000 additional jobs were cut between September and November. These cuts are occurring at the same time that public workers, such as school teachers and bus drivers, are risking their lives to provide essential services.

A recent New York University study reported that nearly 25% of New York City transit workers have contracted Covid-19. Instead of receiving thanks and appreciation, these workers are getting laid off and furloughed en masse. 

Not only have these cuts led to devastating job losses for government employees that are on the frontlines of the crisis, but they have also reduced the size and scope of public services just when all of us need them most.

Are these layoffs and cuts on the state and local level inevitable, or are there ways to resist this austerity?Balanced-budget rules are the key to making sense of why these cuts are happening.

http://www.dollarsandsense.org/archives ... rajok.html
So democrats didn't **** think about this when they went AGAINST TRUMP and shut down their economies that DID NOT control covid????

**** YOU. You shut down your economies to try and make Trump look bad and NOW YOU  will suffer the consequence.

Now SHUT THE **** UP and QUIT your CRYING. 
 

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GHETTO BLASTER

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Str8tEdge » 19 Oct 2021, 6:33 pm » wrote: So democrats didn't **** think about this when they went AGAINST TRUMP and shut down their economies that DID NOT control covid????

**** YOU. You shut down your economies to try and make Trump look bad and NOW YOU  will suffer the consequence.

Now SHUT THE **** UP and QUIT your CRYING.

[5 MINUTE STANDING OVATION...!]............ :clap:   :clap:   :clap:   :clap:   :clap:  

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Str8tEdge

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GHETTOBLASTER » 19 Oct 2021, 6:37 pm » wrote: [5 MINUTE STANDING OVATION...!]............ Image   Image   Image   Image   Image

It's like playing wack a mole on here. One stupid uneducated progtard posts some ridiculous lies or pure propaganda and by the time you address it, there's another thread or post that needs a beat down. 

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Ike Bana

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ConsRule » 19 Oct 2021, 4:19 pm » wrote: Wow...you mean when a state and/or local government shuts down their primary source of tax revenue...namely sales tax...they have budget issues?

Damn...whoda thunk it? Oh wait...anyone with half a brain.
Look...you can blubber your states rights **** forever.  But the reality is, the more local the control, the more **** up the governance.  Just look a local control of public education.  We have school districts in this country where "intelligent design" is being taught in science class along side evolution and biology.  Teaching Genesis in **** science classes? Are you people for **** real???  And then we wonder why Asian kids and European kids are kicking American kids asses in math and science.  We got state and local governments **** with American citizen's right to vote.  State and local government is **** up this country.
 
 

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Ike Bana

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Trump made himself look bad when he sat on his tiny little thumb for two months on the front end of the pandemic, doing jack ****, while people were dying by the 53 foot truckload. Because he figured the redneck base would like it.

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GHETTO BLASTER

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Str8tEdge » 19 Oct 2021, 6:41 pm » wrote: It's like playing wack a mole on here. One stupid uneducated progtard posts some ridiculous lies or pure propaganda and by the time you address it, there's another thread or post that needs a beat down.
I have this very same exact WACK-A-MOLE thought every day...... :) !!
An old saying goes something like this.."It is easier to brainwash someone than it is to convince that person he is already brainwashed."
I

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Str8tEdge

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GHETTOBLASTER » 19 Oct 2021, 6:56 pm » wrote: I have this very same exact WACK-A-MOLE thought every day...... Image !!
An old saying goes something like this.."It is easier to brainwash someone than it is to convince that person he is already brainwashed."
I

Nothing truer could be said. 

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ConsRule

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IkeBana » 19 Oct 2021, 6:41 pm » wrote: Look...you can blubber your states rights **** forever.  But the reality is, the more local the control, the more **** up the governance.  Just look a local control of public education.  We have school districts in this country where "intelligent design" is being taught in science class along side evolution and biology.  Teaching Genesis in **** science classes? Are you people for **** real???  And then we wonder why Asian kids and European kids are kicking American kids asses in math and science.  We got state and local governments **** with American citizen's right to vote.  State and local government is **** up this country.
I didn’t mention states rights you did.  Any official…at any level…who didn’t realize shutting down a huge portion of their economy would have a dramatic negative impact on their funding is an idiot who should be summarily removed from office.
 

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Ike Bana

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ConsRule » 19 Oct 2021, 8:07 pm » wrote: I didn’t mention states rights you did.  Any official…at any level…who didn’t realize shutting down a huge portion of their economy would have a dramatic negative impact on their funding is an idiot who should be summarily removed from office.
Oh quit your **** blubbering about about the worldwide conspiracy to steal Donald Trump's presidency and ruin his life.  You really think it's unreasonable that so many people from so many places find him to be a despicable prick?  His 40 years of vicious business practices, and his multiple multi-million dollar bankruptcies that destroyed the businesses of others have proven him to be a sociopathic despicable grifter prick.
 
PS -  It's always the states rights ******* pushing for more state and local government control.  The smaller the governmental body, the more the graft and malfeasance.
 
Last edited by Ike Bana on 19 Oct 2021, 9:31 pm, edited 1 time in total.

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Str8tEdge

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razoo » 19 Oct 2021, 4:21 pm » wrote: Avoiding Past Mistakes

The Covid-19-driven lockdowns and quarantine measures have reduced transactions and employment, devastating sales and income tax revenue.

If state and local governments choose to balance their budgets primarily with spending cuts, as was done in the last downturn, we can expect weak demand, high unemployment, and an overall sluggish recovery.

However, the mistakes of the past do not have to be repeated. First, the federal government needs to provide additional relief funds to struggling governments. Not only are borrowing rates for the United States extremely low, research shows that state and local governments can and do spend relief funds.

If the federal government will not provide additional funds, states and cities still have options to prevent austerity and stimulate their local economies.

Progressive income taxes are an equitable way to raise revenue. As New Jersey ’ s budget actions have shown us, engaging in austerity at the state-local level because “ there are no other options ” is no longer acceptable.

http://www.dollarsandsense.org/archives ... rajok.html

This is of course false and a bunch of leftist drivel. We're experiencing record labor shortages you **** MORON.  :rofl:   :rofl:   :rofl:   :rofl:   :rofl:  

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IkeBana » 19 Oct 2021, 9:27 pm » wrote: Oh quit your **** blubbering about about the worldwide conspiracy to ruin Donald Trump's life.  You really think it's unreasonable that so many people from so many places find him to be a despicable prick?  His 40 years of vicious business practices, and his multiple multi-million dollar bankruptcies that destroyed the businesses of others have proven him to be a sociopathic despicable grifter prick.
 
PS -  It's always the states rights ******* pushing for more state and local government control.  The smaller the governmental body, the more the graft and malfeasance.

That's obviously FALSE.

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ConsRule » 19 Oct 2021, 8:07 pm » wrote: I didn’t mention states rights you did.  Any official…at any level…who didn’t realize shutting down a huge portion of their economy would have a dramatic negative impact on their funding is an idiot who should be summarily removed from office.
These brainless twits are proving the mistake we made was ever letting them in charge of anything. 

They destroyed their own economies and now want bailouts.

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ConsRule

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IkeBana » 19 Oct 2021, 9:27 pm » wrote: Oh quit your **** blubbering about about the worldwide conspiracy to steal Donald Trump's presidency and ruin his life.  You really think it's unreasonable that so many people from so many places find him to be a despicable prick?  His 40 years of vicious business practices, and his multiple multi-million dollar bankruptcies that destroyed the businesses of others have proven him to be a sociopathic despicable grifter prick.
 
PS -  It's always the states rights ******* pushing for more state and local government control.  The smaller the governmental body, the more the graft and malfeasance.
Try actually reading my post.  I didn’t mention Trump…you did.  This is about local and state officials shutting down most of their economies and now whining about budget struggles.  We shouldn’t bail them out.  If they were so smart last year, they are smart enough to figure it out on their own.

Again…not playing you diversion game…Diversion attempt…FAIL!