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Old 09-21-2009, 05:49 PM
 
Location: central Austin
7,228 posts, read 16,101,771 times
Reputation: 3915

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In hard times, there is an advantage to the low-tax, low service mantra! But it is built on the backs of the poor, disabled, and disadvantaged.

It is always good to be well-off in Texas, it is always hard to to poor.

I predict a further leg down in manufacturing employment, and high end home prices before we are really done.

But yes, we are sniffling in the clinic, some states and cities are in ICU, on life support and with a dreadful prognosis!! It is good not to be them.

Hooray for tough mortgage industry regulations and high property tax!!
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Old 09-21-2009, 05:51 PM
 
Location: Austin, TX!!!!
3,757 posts, read 9,059,327 times
Reputation: 1762
Quote:
Originally Posted by centralaustinite View Post
In hard times, there is an advantage to the low-tax, low service mantra! But it is built on the backs of the poor, disabled, and disadvantaged.

It is always good to be well-off in Texas, it is always hard to to poor.

I predict a further leg down in manufacturing employment, and high end home prices before we are really done.

But yes, we are sniffling in the clinic, some states and cities are in ICU, on life support and with a dreadful prognosis!! It is good not to be them.

Hooray for tough mortgage industry regulations and high property tax!!
How about this applies to everywhere?

I gotta tell you, having worked in the government for a few years, you see an awful lot of waste that doesn't help the poor at all.
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Old 09-22-2009, 07:14 AM
 
Location: Austin, TX
15,269 posts, read 35,633,631 times
Reputation: 8617
Quote:
aren't you retired?
Oh, don't I wish .
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Old 09-22-2009, 10:07 AM
 
Location: Austin
2,522 posts, read 6,036,370 times
Reputation: 707
I think the entire nation has much to be worried about.......economically, we have just come out of the biggest credit binge in history, the equilvalent of a giant Ponzi scheme. Credit taps have been turned off, and many banks are still going under....besides that, we have offshored/outsourced much of our economy and manufacturing base.....

I don't think its a question of what CITIES pull out of the recession first, but how we as a nation become viable economically again. Isn't it a moot point, if the nation itself is the issue?
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