Remember the movie Groundhog Day? Bill Murray’s character has to relive the same day over-and-over again until he gets it right.
Well, the California State Legislature is scrambling, once again, to fix the state budget that is more than $20 billion out of balance. Haven’t we seen this before?
Of course we have.
Every American in the last couple of years has been trying to hold on to what they have worked so hard to earn, but many are not winning the battle.
Even if you are “winning the battle” you have had to “tighten your belt” by not going out to dinner three time a week, becoming a one car family, cutting activities down for your kids and yourself, cutting up all credit cards, renting movies instead of going out, buying second hand clothes, and pay cash for all purchases.
With European Stock markets cringing from the losses in Greece, Portugal and Spain an uncertainty is flooding over world markets. To make matters worse, as if we didn’t have enough hyper socialist economics in the United States, many European nations are instead of cutting taxes and allowing the free market to set economies right have decided that spending is again the best way to solve this problem. Do I even dare speak of cutting national budgets any longer?
With Wall Street banks finally paying off their own stimulus borrowing you would think President Obama would be happy. Yet, in a move that shocked Wall Street to the core the Obama Administration decided to place a “Bad Capitalist” tax/fee on some of the largest banks.
The state’s budget crisis has forced leaders in Sacramento to a crossroads: protect taxpayers and create jobs, or protect the entrenched bureaucracies and keep raising taxes.
I have spent the majority of my career in economic development working to bring jobs to the Central Coast and helping local small businesses succeed.
With so many homeowners unemployed and their home values daily loosing value, foreclosure is often the only option that comes to mind. This short article will try to answer a few questions, provide a few solutions and give some needed positive support.