A new report from the International Monetary Fund continues to show the immensity of the global economic recession. The report shows that the global economic slowdown is so severe that the worldwide economy will contract for the first time in 60 years.
America's unemployment rate has increased to 8.5 percent - the highest rate since 1983. And in the Golden State things aren't much better...
Unless you work for the Assembly.
Despite a rocky state economy and projections of a multibillion-dollar budget shortfall next year, the Sacramento Bee is reporting that more than 120 Assembly aides were granted salary increases. The pay hikes come at a time when most other state workers are required to take an unpaid furlough each month to save money and California's unemployment rate has hit a staggering 11.2 percent.
BREAKING: Assembly speaker Karen Bass said today she was cancelling 5 percent pay increases for more than 130 Assembly staffers, because they were becoming "a distraction" from the May 19 ballot initiatives.
This is your leadership California! Did Speaker Bass not consider the potential political fallout of allowing this many pay hikes to take affect while thousands of Californian's are being laid off in the private sector?!
4.22.2009
As Economy Crumbles, California Assembly Increases Salaries
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She tried to justify the pay raises by saying that there was a budget surplus for staffing, but that just proves that they don't get it. The alleged "surplus" was forcibly removed from the pockets of Californians who all now have less to spend and many of whom no longer have a job. Think they would like that "surplus" back in their pockets now? Yes, they would. The people who continue to ruin the California economy (more aimed at legislators than staffers, but staffers are the arms and legs of the legislators -- and the brains, too, for many of them) are not entitled to raise their own incomes when their imbicile policies have cost us our own -- regardless what kind of "surplus" appears on paper.
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