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To: Steve Lokness who wrote (110939)4/23/2010 1:43:24 PM
From: Jim McMannis2 Recommendations  Read Replies (2) | Respond to of 116555
 
Market forces....

Be subject to the revenue at hand. Don't spend more than you take in. If you bloated salaries/pensions/programs based on revenues and projected revenue during the bubble and now are taking in less......then cuts have to be made. Rather than just trying to increase taxes to pay for what you already spent.



To: Steve Lokness who wrote (110939)4/23/2010 2:41:50 PM
From: Lee2 Recommendations  Respond to of 116555
 
Steve,

I think what happened with the financial industry, housing industry, the bail outs, and the impact this had on working families is a travesty. I would like to see laws enforced, real regulatory change, and not see the heads of these institutions called “savvy.” Savvy business folks don’t need bailouts and accounting gimmicks to make a profit.

One can say the public pension issue is distracting from the real issue of the financial industry and gutting of the middle class. One can also say that the going after the fat cats is distracting from the ticking time bomb that is the financial state of our local governments. I am personally concerned about both issues. We won’t get our country back to work without putting our financial resources to work on productive assets. If we don’t resolve governmental financial issues restoring sanity in our financial industry may not matter. I personally don’t think we can simply solve our governmental financial issues with more taxes, especially on the middle class.

Regards,
Lee