State of the Hunting Industry | April 2010

2 April 2010 2,037 views One Comment

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Edition 6           A Publication of Hunting Business Marketing        April 2010

The Good News of 2010, But Looming State Deficits

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Introduction

There seems to be a cautious wave of optimism sweeping the middle class in the US this past month.

Many industries are seeing a return of growth and prosperity. Some companies are growing and expanding their operations, even hiring new employees. When reading news such as this it brings a smile to the face of anyone. It’s positive and it’s encouraging for the future.

However, other news like the pension deficits in most states is troubling.

The public sector is draining the entire American economy of precious resources. This is good for a few folks during the interim short-term while harmful for the majority of Americans in the long-term.

State governments, like the federal government has promised more money than they are currently taking in. The difference with the state governments is they don’t have a federal reserve to print money when they run out. They are required by law to balance budgets.

Taxes are being increased on some states to make up for the differences in tax revenue. This may work in the short-term, but will be detrimental in the long-term.

States have been able to hide some of their shortcomings in the short-term with tricky accounting that plays shell games with the public in a desperate effort to make it through the next elections. The music will eventually stop in this game of musical chairs and those left with no place to sit will be taxpayers and the general public.

Underemployment continues growing in most states and cities around the US.

Folks are saving what they can, but pent up demand that has been building for the past year or so is leading to some consumer spending. Businesses are delighted by this as their sales are increasing over last year; increasing over one of worst years in history.

When the music will stop is anybody’s guess and t he only lifeline folks and businesses will have is savings to weather another storm.

Living a happy life with family and the things you cherish is important so take care of those things.[Content for members only]

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One Comment »
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  • Erin Turner
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    said:

    I always read daily Busines News from across different online aggregators to keep myself up to date.:’.