Post-Gazette: Budget Impasse Puts State Workers in a Bind
From the article:
Well, you see, it's a bit complicated. But this is where having emergency savings comes in.
Oh, wait. You said "mounting credit-card bills."
Never mind, then. Carry on.
Of course they are. I mean, if they weren't able to take on more debt in these stress-filled times, who knows what sort of ill-conceived plans they might hatch?
"The mortgage industry has suffered a serious blow in public confidence and reputation over the last year. Your customers did not create the national recession, nor did they create the state deficit. But all of us bear the collective responsibility to help each other through it," the letter said.
Collective responsibility to help each other? Say what?
Sheesh. I'm a guy who didn't want the government bailing out anybody. That includes banks, automakers, General Electric ... ANYBODY. On the flip side, I also don't want to see bureaucrats suggesting that banks allow for missed payments, longer grace periods or ANYTHING else of that nature when the government itself can't manage its own finances at even the most elementary level.
All these lamentations that "state congressfolk can't come to agreement on a budget" seem, to my amateur eyes, to be nothing more than a restatement of: State congressfolk haven't yet come up with an agreed-upon way to legally spend money they don't have — and won't have unless some ultra-rosy economic projections pan out.
But then, I'm probably overly cynical about all this.
Here's to those states who haven't been pushed to the financial brink. Good job ... so far.