Comments on: Are beauracrats capable of cutting spending? http://www.southdacola.com/blog/2009/01/are-beauracrats-capable-of-cutting-spending/ Editorial Cartoonist from South Dakota Sat, 20 Mar 2010 05:05:35 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: l3wis http://www.southdacola.com/blog/2009/01/are-beauracrats-capable-of-cutting-spending/comment-page-1/#comment-9108 l3wis Sun, 11 Jan 2009 19:49:37 +0000 http://www.southdacola.com/blog/?p=3569#comment-9108 I will have to agree, we are screwed. Most of the time I just try to blow stuff off, but after last week's projections by the Obama and Rounds administrations it is starting to sink in, and I do not like it. Like I said, I noticed the recession a year ago. Inflation the last 12 months has been out of control, and not sure if anyone remembers the Reagan years, inflation is not good for the economy. But once again our do nothing beaurcrats and news media kept chiming that everything will be okay (I'm sure they didn't want to lose campaign contributors and advertisers.) If anything positive comes from this, I hope it is people become less apathetic and start holding our politicians and the business community's feet to the fire. I will have to agree, we are screwed. Most of the time I just try to blow stuff off, but after last week’s projections by the Obama and Rounds administrations it is starting to sink in, and I do not like it.

Like I said, I noticed the recession a year ago. Inflation the last 12 months has been out of control, and not sure if anyone remembers the Reagan years, inflation is not good for the economy. But once again our do nothing beaurcrats and news media kept chiming that everything will be okay (I’m sure they didn’t want to lose campaign contributors and advertisers.)

If anything positive comes from this, I hope it is people become less apathetic and start holding our politicians and the business community’s feet to the fire.

]]> By: Jo http://www.southdacola.com/blog/2009/01/are-beauracrats-capable-of-cutting-spending/comment-page-1/#comment-9106 Jo Sun, 11 Jan 2009 19:42:06 +0000 http://www.southdacola.com/blog/?p=3569#comment-9106 State Sen Hunhoff is commended as beginning to see the funding problem - but only barely. She was quoted as thinking the economic decline may last six to nine months. Ha! Wishful thinking will get us no where. Good economists (the few who predicted this debacle) think it will last for years and will be an L-shaped recession. The legislature is late to the budget and better cut like crazy in 2009 & 2010. SD trust funds made no money, retirees (an excessive demographic in SD) lost money, and we didn't have enough in key reserves and budgets. SD has only $25million in unemployment funds while neighboring states have 4 to 8 times that ($100 to 200million). We're screwed. State Sen Hunhoff is commended as beginning to see the funding problem – but only barely. She was quoted as thinking the economic decline may last six to nine months. Ha! Wishful thinking will get us no where. Good economists (the few who predicted this debacle) think it will last for years and will be an L-shaped recession. The legislature is late to the budget and better cut like crazy in 2009 & 2010.

SD trust funds made no money, retirees (an excessive demographic in SD) lost money, and we didn’t have enough in key reserves and budgets. SD has only $25million in unemployment funds while neighboring states have 4 to 8 times that ($100 to 200million). We’re screwed.

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