The Great Depression has reached Detroit. The average price of a home is now $18,513 and unemployment has reached 21%. Home values have plummeted to levels not seen in 1/2 a century… and the 21% unemployment has in some cases been projected to double within 12 months if the auto industry totally collapses... reported by Tribble Ad Agency.
Bloomberg 3/9/09 reports commercial payments 60 days late or more rose 3.75% in the Detroit area ( the national average is 1.1%). The vacancy rate is forecast to rise to 29.2% , up from 22% in 2008. And let us not forget Flint, Lansing, Saginaw are in similar straits. The state unemployment rate is listed at 11.6% in Jan and climbing and not including decreased income for business owners and sales personnel that do not qualify for these benefits and the other under-employed. Let us not discount the (12%) 1 in 8 persons in the state is receiving food stamps 33% are regularly visiting food pantries, and a cap and trade tax that will increase utility costs at least 20%.
A near bankrupt state government that is turning over every stone to pilfer more tax payer money such as Introduced by Rep. Mark Meadows (D) on February 17, 2009, to allow school districts to use “sinking fund” taxes for a wider variety of purposes, see HB 4313, which will cost property owners $3.6 to $7.2 billion according to Michigan Votes.
The population in Michigan is down to almost 2000 levels losing another 0.5% last year and if the trend continues MI loses two seats in the house. I calculate the debt for every man, woman, child to be $47,000 so far and climbing (not including interest).
But it won't matter much if the Bond Bubble collapses, something just seems inherently wrong with bankers printing money and then buying the bonds to subsidize it.
I go on House Resolution 875, or the Food Safety Modernization Act of 2009, was introduced by Rosa DeLauro, D-Conn., in February. DeLauro's husband, Stanley Greenburg, works for Monsanto – the world's leading producer of herbicides and genetically engineered seed. hmmm... This legislation promising to protect my food supply and essentially burdens the small farmer with more costly regulations and paperwork. It essentially makes you a criminal if you sell or buy organic food... and more ... with requirements for RFID chips for farm animals... voluntary for families and small farms.. yea right ... just like the seat belt law.
On July 31, 2008, Congress passed Chairman Waxman’s Lead Free Toys Act (H.R. 3473) as part of H.R. 4040, a bill to reform the Consumer Product Safety Commission. This law will require immediate reductions in the amount of lead in children’s products and contains the world’s strongest restrictions on lead in children’s products. Now I can not even have a garage sale or make darn near anything and sell it without having to spend money to have it tested and certified safe.
Guaranteed retirements ... only in government. With the passage of HB 4073 it may be interpreted that the bill increases State and school district costs by guaranteeing retiree health benefits that are not currently guaranteed. Section 17 would provide that members and past members of each of the retirement systems shall have contractual rights to a health care benefit provided in statute at the time of their separation from employment. The most recent estimation available of the unfunded actuarial accrued liability (UAAL) for all five systems totaled approximately $39 billion at the end of FY 2006-07. It just keeps on rolling out of the back pocket of taxpayers.
They just never stop and are coming at us and are preventing good honest people from making a living... From every angle and every law we are being regulated by a communitarian administrative government and more on the way.
I would suggest we cannot afford any legislation that puts more burden on my children and grandchildren ...
Over 200 years ago, the father of our Constitution, James Madison wrote: "To preserve the Republic, it is in the hands of the people. We have staked the whole future of American civilization not upon the power of government, far from it. We have staked the future of all of our political institutions upon the capacity of mankind for self-government; upon the capacity of each and all of us to govern ourselves, to control ourselves, to sustain ourselves according to the Ten Commandments"
Government is the problem and I am tired of being regulated... What happened to individual responsibility?
I am not afraid to be free ... are you?