So How Bad Is The Economy?

iVillage Member
Registered: 02-05-2008
So How Bad Is The Economy?
1
Tue, 06-09-2009 - 12:33pm
I'm wondering what you think!
 
iVillage Member
Registered: 04-21-2008
Tue, 06-09-2009 - 2:56pm
I haven't heard of a state yet that hasn't had to slash its budget in order to balance its budget. My state cut funding to public programs, including education, by over 5%. That may not seem significant but when school districts have to lay off teaching and support staff, the economy isn't good and education and other public services will suffer. My state government even had to suspend tax refund checks because they don't have enough money to pay them. States continue to struggle to balance their budgets and credit card delinquencies are at a record 11%. That says to me that the economic crisis is pretty bad. It may not be as bad as it was during the Great Depression, but clearly our years of living beyond our means and chasing the almighty dollar is over.


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