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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: tony who wrote (7712)1/1/2003 3:30:49 PM
From: Elroy JetsonRead Replies (2) of 306849
 
State should fire 10% of employees through attrition, reduce wages by 10% and freeze it till the State's are healthy.

That certainly wouldn't work in California, nor perhaps in many states. If California laid-off 100% of all State employees they still would not be able to balance the budget.

There are too many Federally mandated programs, which must be paid for by the states. This is a legacy of the Ronald Reagan Federal "spending cuts". The "cuts" in spending were simply shifted to the states.
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