The State of Joblessness - Truckers' Trucking Forum

Big Duker · **^ Top** #1 4 Weeks Ago

The State of Joblessness

The tragedy of Jennifer Granholm's Michigan.

Quote:

State lawmakers will soon face large budget deficits again, perhaps as much as $100 billion across the U.S. Here's some free budget-balancing advice: Steer clear of the Michigan model. The Wolverine state is once again set to run out of money, and it is once again poised to raise taxes even as jobs and businesses disappear.
In 2007 Governor Jennifer Granholm signed the biggest tax increase in Michigan history, with most of the $1.4 billion coming from business. The personal income tax—which hits nonincorporated small businesses—was raised to 4.2% from 3.95%, and the Michigan business tax levied a surcharge of 22%. The tax money was dedicated to the likes of education, public works, job retraining and corporate subsidies. Ms. Granholm and her union allies called these "investments," and the exercise was widely applauded as a prototype of "progressive" budgeting.
Some prototype. Every state has seen a big jump in joblessness since 2007, but with a 15.2% unemployment rate Michigan's jobs picture is by far the worst. Some 750,000 private-sector payroll jobs have vanished since the start of the decade. For every family that has moved into Michigan since 2007, two have sold their homes and left.
Meanwhile, the new business taxes didn't balance the budget. Instead, thanks to business closures and relocations, tax receipts are running nearly $1 billion below projections and the deficit has climbed back to $2.8 billion. As the Detroit News put it, Michigan businesses are continually asked "to pay more in taxes to erase a budget deficit that, despite their contributions, never goes away." And this is despite the flood of federal stimulus and auto bailout cash over the last year.

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jtrnr1951 · **^ Top** #2 4 Weeks Ago

No fear----The Chosen One---- will bail her stupid butt out of debt !!!

goldenequity · **^ Top** #3 4 Weeks Ago

"...... until you run out of "other people's money".
-------Margaret Thatcher

We give Government a monopoly on FORCE.
We give Government a monopoly on THEFT.
chained down ONLY by the Constitution....
which we have abandoned for the ideologies
and "exceptions" of BOTH parties,
both Foreign and Domestic....
It is now Government gone wild.

Is it any wonder?

NevadaDVX · **^ Top** #4 4 Weeks Ago

.....yet the partying and extravagant lifestyle continue at the White House.

dangerous dave · **^ Top** #5 4 Weeks Ago

It's a shame, many of the doofuses forced out of the state haven't learned. They take their stupidity with them and infect other places. Their are several states that need border fences around them. These villages need to keep their idiots.

Dave

luvmyhubby · **^ Top** #6 4 Weeks Ago

Quote:

Originally Posted by dangerous dave

It's a shame, many of the doofuses forced out of the state haven't learned. They take their stupidity with them and infect other places. Their are several states that need border fences around them. These villages need to keep their idiots.

Dave

Well this is one idiot that hasnt been forced out yet, been here all my life more or less other than FL for 6 month hate that place, TN for 4 months rude ppl there, VA was ok. Do I think our government in MI is CRAZY yep sure do. Is my house now worth nothing, YEPP, can I sell it NOPE, would I like to YEPP, do I wanna move away NOPE, I WANT jobs and economic stability HERE.

I know its a dream but oh well at least I can still do that without paying taxes.

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