Jun 27 2010

34 states saw tax collections decline in the first quarter of 2010. State budget deficits projected well into 2010 – Plunging tax revenues reflect a weaker economy dragged down by pervasive unemployment and underemployment. $112 billion in state budget gaps for fiscal 2011.

Big states with dismal budget short falls like California and New York have been making the news for the last couple of years.  Yet the problems with state budget deficits go beyond the big and mighty.  The banking system has been stabilized at a very high cost to average Americans but state budget deficits reflect […]

Jun 20 2010

Taxes coming for $1 trillion in commercial real estate. 1.2 million partnerships own over $1 trillion in CRE. Too big to fail dumping CRE debt.

The problems for commercial real estate are deep and significant and have the potential of stifling any sort of recovery.  Rather than looking at commercial real estate (CRE) as a reason for more stimulus or bailouts the question should examine why so many CRE locations are defaulting.  Can this be a sign that demand for […]

Oct 17 2009

Government Tax Receipts Down 20 Percent Year over Year: Wall Street Banks Earning Billions. The Unsustainable Economic Course.

The Congressional Budget Office puts out a long term analysis examining the economic health of the United States each year.  In major recessions like the one we are in right now, these reports provide a projection into the future but the most important indicators like taxes are in a state of flux.  It is also […]

Aug 27 2009

Demand Destruction Price Deflation: Earnings up when you Fire Employees. California Lowering Tax Brackets. Social Security no Cost of Living Adjustments.

The Consumer Price Index has shown a year over year decline for the first time since the 1950s.  This in itself has added fuel to the growing flame of the menace of deflation.  Yet what we are seeing in the psychical world in the form of price declines is directly linked to demand destruction and […]

Jun 24 2009

$100,000 a Year Will Make you Go Broke with the California Tax System: Why California is a Fiscal Disaster. Broken Tax Structure built on Bubbles.

It is amazing how little attention on a national scale the California debacle is getting.  California alone is the 8th largest economy in the world and contributes $1.8 trillion a year to the national GDP.  In the mainstream press, all you hear is sound bites of “there goes California” yet the state is teetering on […]

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