Contemplating The News Of The State Of Our State’s Economy
By: Doug Busselman, Executive Vice President
The news that Nevada has un-worked its way to become the number one state in the United States for unemployment is probably not a revelation that we should be surprised about. We shouldn’t be too surprised to hear our senior U.S. Senator’s comments from Washington, D.C., spinning the point that without the unsustainable government spending that he has been involved in authorizing – our situation would even be worse. (His priority would seem to be making sure that he doesn't become one of the un-employed in November.)
Has anyone thought about the connection between the Nevada Legislature’s tax increases in the 2009 session…the increases in the taxes assessed on business for their payrolls...and wondered what degree that has contributed to the place where we find ourselves? Where might we expect to be going as 2011 comes on us and the federal tax increases that are poised to descend on our economy kick in? The prospect of a double-dip recession isn’t that difficult to imagine as likely, given the inability of the economy to shake the mess we’ve been in for the past several years.
With the unrelenting policies of spend and tax that government at the state and national level are continuing to pursue and the ways that expansion of regulatory burdens are being implemented, the ability of the private sector to rebound is in serious doubt.
Although no easy or quick resolution of the situation is out there, the response voters will have in November will be an indication of what the prospects for the future might be. If the champions of more and bigger government are successful in convincing a gullible majority to let them continue with their socialistic pursuits of destroying our economy – expect more of the same and probably worse…if voters recognize that the necessary solution will come in the fashion of replacing the failed government-centric system being foisted on us – the road to recovery will be started.
The news that Nevada has un-worked its way to become the number one state in the United States for unemployment is probably not a revelation that we should be surprised about. We shouldn’t be too surprised to hear our senior U.S. Senator’s comments from Washington, D.C., spinning the point that without the unsustainable government spending that he has been involved in authorizing – our situation would even be worse. (His priority would seem to be making sure that he doesn't become one of the un-employed in November.)
Has anyone thought about the connection between the Nevada Legislature’s tax increases in the 2009 session…the increases in the taxes assessed on business for their payrolls...and wondered what degree that has contributed to the place where we find ourselves? Where might we expect to be going as 2011 comes on us and the federal tax increases that are poised to descend on our economy kick in? The prospect of a double-dip recession isn’t that difficult to imagine as likely, given the inability of the economy to shake the mess we’ve been in for the past several years.
With the unrelenting policies of spend and tax that government at the state and national level are continuing to pursue and the ways that expansion of regulatory burdens are being implemented, the ability of the private sector to rebound is in serious doubt.
Although no easy or quick resolution of the situation is out there, the response voters will have in November will be an indication of what the prospects for the future might be. If the champions of more and bigger government are successful in convincing a gullible majority to let them continue with their socialistic pursuits of destroying our economy – expect more of the same and probably worse…if voters recognize that the necessary solution will come in the fashion of replacing the failed government-centric system being foisted on us – the road to recovery will be started.
Posted by Doug Busselman at 6/19/2010 6:43 AM 
Categories: Economy
Tags: Government Nevada Budget State Spending Taxes 2010 Election
Categories: Economy
Tags: Government Nevada Budget State Spending Taxes 2010 Election
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