Comments on: LAO: Possible 2016 recession would devour budget surplus

By: Rex the Wonderdog!

Rex the Wonderdog! — Sun, 01 Dec 2013 19:59:49 +0000

In reply to Queeg. According to you Bunker Boys the sky falls daily…..enough already…..one could get really really scared. Whew! Errrr....we have never recovered, that was my comment Teddy, deal w/it or put up your own comment.

By: Queeg

Queeg — Sun, 01 Dec 2013 15:38:34 +0000

Wonder Pup:

According to you Bunker Boys the sky falls daily…..enough already…..one could get really really scared. Whew!,,,,, zzzzzzzzzzz.

By: Rex the Wonderdog!

Rex the Wonderdog! — Sun, 01 Dec 2013 04:41:43 +0000

In reply to Ted Steele, CEO. Unfunded liability= deficit in my book.

By: Rex the Wonderdog!

Rex the Wonderdog! — Sun, 01 Dec 2013 04:40:57 +0000

The history of U.S. recessions since World War II shows that they strike about every five years. (Click on the above chart to expand it.) The last one hit in December 2007, already six years ago.

Newsflash, we are still in the 2007 depression. Maybe not technically, but economically we are. We never recovered, and by “we” I mean poor and middle class America.

By: Ted Steele, CEO

Ted Steele, CEO — Sat, 30 Nov 2013 04:01:13 +0000

In reply to Rex the Wonderdog!. LMAO 550 B deficit? You still high Poodle????

By: Tough Love

Tough Love — Wed, 27 Nov 2013 04:29:08 +0000

In reply to Queeg. No Queeg....

By: Hondo

Hondo — Wed, 27 Nov 2013 02:52:17 +0000

We are due for a recession. With billions of dollars taken out of Americans hands by Obamacare’s increases, I’m sure even a small reset is coming. But it is Illinois that is going down first. Kali can raise taxes, but the business really don’t have any place to go nearby. Nevada isn’t an option.
But Illinois is surounded by similar, close markets. Business there can run across the border to Indiana or Wisconsin and they have, taking their jobs with them, then sell their products back into that state. Illinois has a higher unemployment rate than Kali now and they are facing catastrophic budget problems. The state has 8 billion in short term bills they have no way of paying. Not counting 100 billion in pension problems. And with a new law there where the govts. there can’t defer to the future anymore payments into their pension funds, gigantic bills are coming due to the cities and the state in the next year. Any minor recession will bankrupt that state thereby maybe causing greater kaos across our economy.
Hondo….

By: SeeSaw

SeeSaw — Wed, 27 Nov 2013 02:50:09 +0000

Another recession is coming! I suppose the public sector is responsible for qualifying people for mortgages that they cannot pay.

By: Rex the Wonderdog!

Rex the Wonderdog! — Tue, 26 Nov 2013 22:36:03 +0000

$8 billion budget “surplus” while we have a $500 billion+ deficit.

Awesome 🙂

By: The Ted Steele Conceptual Abstraction Unit

The Ted Steele Conceptual Abstraction Unit — Tue, 26 Nov 2013 21:43:31 +0000

Damn– the surplus good news only lived for 2 days– now were doomed again!

Oh my—– it’s the end!!