State Tax Revenues Plummet By $87 Billion, Biggest Year Over Year Decline In History; Record State Tax Hikes In Progress

Are you fucking nuts?? How can you justify taking 20% from a retired worker on a pension who worked their whole life to be able to afford to retire? These people can't say" oh, darn you cut my pension by 20% ..I guess I'll just go out & work at a different company for the next 20 years so I can have a different retirement plan." Get A GRIP dumbass...think before you start spouting off such stupid bullshit.







The government allowed Wall Street to steal 100 percent of many people's retirerment. I didn't see you government assholes cry about that. So you want us to cry about you losing 20 percent? Lose 20 percent when you government workers allowed the criminals to steal our money? Maybe you government workers should have did a better job....did what you were paid to do. even to this day no one in the government has been charged with not doing their jobs and regulate Wall Street. You failed and should not be rewarded for complete and total failure. Instead of worrying about losing 20 percent of your retirerment a lot of you should be glad you are not in prison.


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goberment workers and retirees are stealing from tax payers fire em all

Anyone making over 50 grand on a state pension, automatic 20% reduction. All state workers automatic 20% pay cut. All federal workers, automatic 50% on these lazy bastatrds. Then talk about raising taxes.

Agreed. If the peons cannot find work then their employees the lazy ass government workers should suffer right along with us. The bottom line is the government itself created the problem and they should have been the very first to feel the pain of job losses and salary cuts. They alone are killing the goose that laid the golden egg. They have no one to blame for this complete failure but themselves.

But look real close at what they are doing in washington. are they passing laws to control the criminal behavoir of Wall Street? Nope are they bringing our troops home from useless criminal wars? Nope. Are they passing laws to close the borders and stopping the invading hoardes of third world savages? Nope.

Then what are they doing? Trying to pass a healthcare bill that no one wants? Yep. Passing hate crime bills that are in-constitutional? Yep. Passing more tobacco type looting tax laws against soft drinks? Yep. Disgusting jerks the lot of them.

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My state's Governor, Fast Eddie Rendell has said this exact thing.

Revenue must increase or taxes go up, Rendell tells area business leaders
By David Falchek (Staff Writer)
Published: March 7, 2010

Gov. Ed Rendell met with Scranton business leaders Saturday to defend a state budget he says would help the state avert "a fiscal tsunami."

"Fiscal calamity is staring us in the face," the governor said during his appearance at the Greater Scranton Chamber of Commerce building on Mulberry Street. "I don't care how many no-tax pledges get signed or who signs them - revenue has to increase or taxes will go up.".....

[link to thetimes-tribune.com]

The Center on Budget and Policy Priorities has released a report "State Tax Changes in Response to the Recession" in which the center notes that "national recession has had such a devastating effect on state finances that states took in $87 billion less in tax revenue from October 2008 through September 2009 than they collected in the previous 12 months. This 11 percent decline, the steepest on record, resulted from the impact on tax collections of lost jobs, reduced wages, and lowered economic activity." And here we are, missing the forest for the Greek tree, and discussing evil CDS speculators' role in Greece barely able to make a €5 billion bond auction, when we should be all over the evil Municipal CDS speculators wreaking havoc in our own back yard.


[link to www.zerohedge.com]