No more jobs for Americans

Employers add no net jobs in Aug.; rate unchanged
"WASHINGTON (AP) -- Employers stopped adding jobs in August, an alarming setback for an economy that has struggled to grow and might be at risk of another recession.

The government also reported that the unemployment rate remained at 9.1 percent. It was the weakest jobs report since September 2010."

No more jobs. Blunt and to the point. Inflation and rising living costs. And the "analysts" say there is a RISK of ANOTHER recession?

The previous recession never left! We are, and have been, wallowing in the same economic sinkhole that started three years ago. It didn't end. It still recedes. And now, with no more jobs, things can and will get worse. Frightening, but yes, things can and will get worse.

Even those lucky enough to be holding jobs are suffering. Wages are DOWN, inflation is UP. The working folks' income simply is not growing at the same pace, which means their salaries are buying less and less, day after day.

Part of the rising costs appears to be a desparate last-ditch effort by State and Fed tax collectors. Higher costs means higher tax revenue which is a percentage of the selling cost, ergo it is in their best interest to allow inflation and rising costs. A short sighted and foolish economic choice.

California Gov. Brown’s spending plan seeks to close $25.4 billion deficit

California budget to leave many displeased - MarketWatch:
"By Russ Britt, MarketWatch LOS ANGELES (MarketWatch) — With California teetering on the brink of financial ruin, Democratic Gov. Jerry Brown on Monday offered a state spending plan that he said is sure to be painful, and that is almost certain to please no one, especially not voters.

Brown is proposing spending cuts of $12.5 billion, including an 8% to 10% cut in take-home pay for most state employees, and what he called a “vast and historic” restructuring of California’s government.
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He also would eliminate tax relief for those businesses in “enterprise zones,” or depressed areas.
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Already, Brown said he has cut $7 million, or 25%, from operations of his own offices, including the elimination of the state First Lady staff."

It was only a matter of time before State Governments began the layoffs and pay cuts. But what about those "depressed" areas? Does it make any sense to tax small businesses struggling to survive in these areas out of business? Wouldn't it make more sense to encourage businesses to prosper, hire more locals and raise the area out of poverty, and collect more sales and payroll taxes from the increased profits?

We should require IQ tests before a politician is allowed to run for office. Basic math skills would help too, testing them at an eighth grader level might do wonders for our country!