They Keep Growing And Growing And…

Posted: August 19, 2008 in Economy, Politics

Why your taxes are bound to go up regardless of who makes it into the White House.

Government Keeps Hiring Amid Slowdown
BY SCOTT STODDARD
INVESTOR’S BUSINESS DAILY

State and local governments are in a budget crisis. But you wouldn’t know it from public payrolls.

They’ve added 338,000 employees since a credit crunch began taking a toll on the economy a year ago, far more than the 195,000 in the prior 12 months, according to Labor Department data.

The hiring binge comes even as states grapple with budget deficits totaling $48 billion in fiscal year 2009, which started July 1.

Private-sector employers have shed 418,000 jobs in the past year amid fears that the economy was headed for a recession.

State lawmakers and agencies have behaved as if economic good times won’t end, ignoring troubles until fiscal meltdown is at hand. (more…)

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