It was an easy choice. The two city-owned golf courses were already losing money before the pandemic, so Mayor Nan Whaley of Dayton, Ohio, closed them earlier this month to pare back expenses.And we will see it takes a very long time to put the mess back together in California. It will take longer than boomer planned t work, the problems compounded. And after seven years we will get the same crap, California has solved the problem, Godot has arrived, until the next time we wash rinse and repeat.
But the move is costing some workers their jobs. And tougher decisions lie ahead.
Mayor Whaley is weighing cuts of up to 18% for the city budget in the next fiscal year. She has already had to furlough 25% of the city’s workforce, as she struggles to maintain vital services in a city where the median household income, at $31,000, is about half the national average.
Dayton’s challenge, though particularly acute, echoes in cities and states nationwide as they see their local economies contract because of the pandemic-led downturn and rising unemployment. The upshot: At a time when the federal government is showering money on individuals and businesses, many states and cities will have to dig into rainy day funds, and cut back services and perhaps school budgets. And because they are obligated to balance their budgets, they will initiate a new wave of job losses – this time for public-sector employees.
So, I ask, how many tomes do we hear that Godot has arrived and it never did? Every time, the same flat earth economists repeating the same mistake over and over again. And they will drag out Laura Tyson, the Queen of public sector to claim it is all stable and the public sector should grow. The chats say otherwise, once Laura and the flat earthers enter the picture, California comes under boom and bust strain once again.
We are at the point, here in California, of being able to predict both the economy and the erroneous fraud coming from our economists.
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