The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: zamboz who wrote (37344)	4/19/2011 3:37:31 PM
From: roguedolphin	2 Recommendations Read Replies (2) of 71475

<<"Do not forget the greedy voters who want lower taxes and still want all their services.">> I always agreed with Mish about keeping most of the governemnt employees on the payroll and working. No layoffs! But maybe the best decision would be (??) to slash worker pay equally to the devastation seen in the local housing/property market. Just "roll back the clock" to pre-bubble-like public services pay/wages (like that of 10 or more years ago in my town). In my area home values are down 60% to 80% from their bubble peak of 4 or 5 years ago...yet the public employees here (that are still working and haven't been laid off) are still earning their bubble-era wages. Something has got to give. Oh it already has (!!) my neighborhood is "wiped-out" financially by the combination of collapsed real estate values and super high property taxes and few to no jobs in the area.

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