Just remember, Bay Stater, they TOLD YOU they NEEDED to KEEP the INCOME TAX and RAISE the SALES TAX so there would BE NO MORE CUTS!
You were LIED TO YET AGAIN!!!
Related: Mass. Budget Mess
Slow Saturday Special: State Defies the Fed
Massachusetts' New Nickel Tax
So WHICH TAX do they raise next, readers, because that is ALL THY KNOW HOW to do!!!
"Forecast is $600m shortfall for state; Lag in consumer spending cited" by Associated Press | October 9, 2009
Financial specialists offered a sober outlook for the state’s revenues yesterday, saying Massachusetts may fall up to $600 million short of projected tax collections in the current fiscal year, forcing another round of painful budget cuts.
Given their track record of predictions, that's probably too low.
State Revenue Commissioner Navjeet Bal said at a public hearing that she may recommend that the Patrick administration lower its projections for the year by $400 million to $600 million.
The warning was issued after tax collections in September fell $243 million below projections, but before an Oct. 15 deadline for an official, revised revenue figure for the fiscal year that began July 1. Depending on how much revenue estimates are reduced, Governor Deval Patrick may go back to lawmakers to ask for the power to make midyear cuts to the budget.
Patrick was forced to take similar action last fiscal year, as revenues plummeted over the year.
Was he REALLY, Bay Stater?
Governor Guts State ServicesPigs at the State Trough
A Slow Saturday Special: Statehouse Slush Fund
Biotech Giveaway Was Borrowed Money
Massachusetts Residents Taken For a Ride
UBS Picks Up Pike
Massachusetts Democrats Keep Making the Same Mistakes
Slow Saturday Special: Day at the Movies
The Hollywood Heist of Massachusetts
Why Massachusetts Needed to Raise Taxes
Seems like there is an AWFUL LOT of TAX LOOT OUT THERE.
Is THAT WHERE YOU INTENDED for your TAX DOLLARS, Bay-Stater?
Part of the reason for the sluggish return to growth are gun-shy consumers who are less willing to part with their cash than before the recession hit.
THERE THEY GO AGAIN, readers!!!
Consumers Cutting Debt Killed Recovery
Out-of-Work Americans Killed Economic Recovery
That's right, America; after looting the place, the same bastards are going to turn around and BLAME YOU for the FAILURE of "recovery," unemployed and foreclosed-upon Bay Stater, after THEY SET EVERYTHING UP for you!
I wish we had a GUN-SHY WAR MACHINE and EMPIRE, don't you?
Boston Federal Reserve economist Yolanda Kodrzycki said the recession “has turned out worse than expected.’’
Translation: YOU HAVE BEEN and ARE BEING LIED TO by the NEWSPAPERS and GOVERNMENT, Ameria!
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The report said the situation would have been far worse without federal stimulus dollars and the state’s own rainy day fund, which accounted for the other 40 percent. “The state will have limited resources available to it as it crafts the FY 2011 budget,’’ the report said.
Go take a hike with that speculative garbage tossed forward as "news" or "analysis," liar!
Remember, readers, YOU WILL BE MAKING INTEREST PAYMENTS on that "stimulus" money that was looted, 'er, borrowed.
See: Slow Saturday Special: State Slow on Stimulus Spending
“One option is to continue to dip into the temporary sources that are still available,’’ the report added. “A second is that Congress passes another fiscal relief bill; and the third is to lower spending, or raise taxes, or both.’’
Yeah, and WE KNOW WHOSE SPENDING or TEX LOOT will NOT BE CUT, right -- as schools are closed, and teachers, cops, and firefighters are laid off.
--more--"
