Skip to comments.Summer of Fire - 2011
Posted on 03/28/2011 7:01:34 AM PDT by David DeGerolamo
Alabama is the only state in the union which will not have a budget deficit in 2012. Seven other states have either not reported data or their budget deficit is not applicable. The current budget deficit for the fifty (not fifty-seven) states and the District of Columbia is now $125 billion. If each affected state was able to balance their budget using state worker reductions, this would amount to 2.5 million people out of work starting July 1st , 2011. This assumes an average salary of $50,000 per worker. If we assume an average salary of $40,000, this would increase the number to 3.125 million people.
According to this same report from the Wall Street Journal, North Carolinas budget deficit is $5.8 billion instead of the $3.6 billion current being reported. Lets use the smaller figure to see how many SEIU workers would lose their job to balance the budget. At $50,000 per year, we would have to fire (not layoff) 72,000 state workers. Of course this would not translate to a direct savings since North Carolina will have to pay unemployment benefits to these workers. Since the state unemployment fund is broke, we would have to borrow more money on top of the $2.6 billion that we currently owe the federal government for unemployment benefits.
SEIU (SEANC) in North Carolina only has 55,000 members. Not all state workers join the union but a large majority do. The question that we have to ask ourselves is very simple:
What will Moveon.org and SEIU do with at least 500,000 state workers that are about to be fired across the country?
And we have not addressed the other budgets cuts in social engineering programs that will be cut to balance the budget. I believe that the summer of 2011 will be known as the Summer of Fire due to the civil unrest that is about to befall our country.
Do you think our country will react as the people in Japan or in England? The union plan to collapse our country announced last week does not appear to be too conspiratorial at this point.
This isn’t going to end well. Three options:
1) Massive tax increases - kill the economy.
2) Massive cuts / fire millions - kill the economy.
3) Keep the printing presses running - massive inflation / kill economy.
Borrowing isn’t an option, because there’s not enough money in the world to cover America’s unfunded obligations. Option 2 is popular here, but 2.5 million extra state employees in unemployment lines all at once is going to be bad, too. Perhaps a more moderate combination of all three would work over time. Too bad there’s no real will to do what’s necessary.
There’s always the traditional democrat solution, involve us in a huge war...
It's the only viable one. 2.5 more unemployed will hurt, but it won't annihilate the economy the way the other two options will.
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