On September 8, 2009
Government Facing Up To The Facts About Future Spending
Some of those involved in running government are finally realizing that in the near future there won’t be as much money available for them to spend. Since the economic recession started tax revenue has fallen dramatically at all levels of local, state and Federal government. The states especially have been hit hard. In America and England the national governments have relied on borrowing to keep spending up even increasing it dramatically. Now there is starting to be an understanding that next year and in the future these funds just won’t be there. Income tax, sales tax and property tax revenue has shrunk as people lose their jobs and houses and cannot afford to spend the way they did a year…
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