190,000 jobs lost last month, unemployment rate now 10.2%. The real story is the U-6 number hitting 17.5% however, and that means there are counties out there where the real unemployment figure is closing in on 30% or more.
Prolonged numbers that bad are simply going to drive local governments out of business. They're not going to be able to cope without raising taxes, period.
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1 comment:
they can raise taxes all they want - i still cannot pay ANY taxes as i do not have a JOB.
and the death spiral to the bottom continues ....
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