For example, I see that 2009 was a banner year for foreclosures; Nevada seems to have hit a foreclosure rate of one mortgage in ten:
I'm thinking that if you're looking for a field with growth potential, you might want to look into what it takes to be an auctioneer.
Meanwhile, with tax revenues cratering, state budget shortfalls are getting huge, as the towering entitlement edifices of places like California and New York are left with nothing to support their pie in the sky programs:
Of course, this leads to talk about fixing the problem by raising taxes, instead of shutting off the spigot to the trough:
But borrowing is no help in fixing so-called structural deficits, in which spending exceeds revenue over a prolonged stretch. And so far there has been little sign legislators are willing to make the obligatory tough choices, particularly issuing more or higher taxes.
Many of the so-called fixes for current state deficits are mere Band-Aids that push the problem forward rather than address it, observers said.
"It's surprising that political leaders don't seem to be taking seriously the magnitude of the problems," said Reschovsky. "You would hope it wouldn't come to this, but it might take schools closing and programs being eliminated to create a sense of urgency."
Well, you're right there, Mr. Reschovsky, but for the wrong reasons. It's time and past time to do a national gut check: How much are we willing to raise taxes to provide for crappy services the government doesn't provide very efficiently in the first place? Or would we rather admit that this jalopy's just not worth fixing, write it off as totalled, and go back to doing for ourselves? State legislators have a historic opportunity to slash deadwood here, rather than continuing to try to buy Band-Aids by the bushel.