http://fullyclips.com/2009/10/30/the-onion-mercifully-kills-off-the-clippers/ A Los Angeles Clippers Fan Site - News, Blogs, Opinion and More Wed, 21 Nov 2012 01:13:07 +0000 hourly 1 http://wordpress.org/?v=3.4.1 http://fullyclips.com/2009/10/30/the-onion-mercifully-kills-off-the-clippers/comment-page-1/#comment-741 Cuomo’s Class Mobilization | The Activist Thu, 20 Jan 2011 15:05:52 +0000 http://fullyclips.com/?p=468#comment-741 [...] Many of the most interesting – and from a left perspective, most disturbing – developments in U.S. politics today are occurring at the state level. As the excellent Center for Budget and Policy Priorities has documented, the aftermath of the recession wrought by the financial crisis has plunged virtually every U.S. state into a deep fiscal crisis. State tax receipts remain 12 percent below pre-recession levels. The states faced a total of $120 billion in budget gaps for fiscal year 2011, and are estimated to confront a total of $140 billion in budget gaps in fiscal year 2012. At the same time, fiscal assistance provided by the federal government in the 2009 stimulus bill is running out and will be almost completely gone by the end of 2012, even though the states will continue to face major budget gaps. In the context of a weak economy, both spending cuts and tax increases threaten to further depress economic activity (though targeted tax increases on the wealthy would have a less negative impact on recovery than increased taxes on the working and middle classes). Continued aid from the federal government is by far the best way of dealing with the fiscal crisis of the states without jeopardizing economic recovery, but in a political climate that’s defined by deficit hawks from both parties, the chances of Congress offering additional aid to the states are about as good as the chances of the L.A. Clippers winning the NBA championship (translation for non-basketball fans: these are not very good odds). [...] [...] Many of the most interesting – and from a left perspective, most disturbing – developments in U.S. politics today are occurring at the state level. As the excellent Center for Budget and Policy Priorities has documented, the aftermath of the recession wrought by the financial crisis has plunged virtually every U.S. state into a deep fiscal crisis. State tax receipts remain 12 percent below pre-recession levels. The states faced a total of $120 billion in budget gaps for fiscal year 2011, and are estimated to confront a total of $140 billion in budget gaps in fiscal year 2012. At the same time, fiscal assistance provided by the federal government in the 2009 stimulus bill is running out and will be almost completely gone by the end of 2012, even though the states will continue to face major budget gaps. In the context of a weak economy, both spending cuts and tax increases threaten to further depress economic activity (though targeted tax increases on the wealthy would have a less negative impact on recovery than increased taxes on the working and middle classes). Continued aid from the federal government is by far the best way of dealing with the fiscal crisis of the states without jeopardizing economic recovery, but in a political climate that’s defined by deficit hawks from both parties, the chances of Congress offering additional aid to the states are about as good as the chances of the L.A. Clippers winning the NBA championship (translation for non-basketball fans: these are not very good odds). [...]

]]> http://fullyclips.com/2009/10/30/the-onion-mercifully-kills-off-the-clippers/comment-page-1/#comment-182 Tweets that mention The Onion Mercifully Kills Off The Clippers | Fully Clips | A LA Clippers Blog -- Topsy.com Sat, 31 Oct 2009 16:45:30 +0000 http://fullyclips.com/?p=468#comment-182 [...] This post was mentioned on Twitter by Alex David, Drew D. Drew D said: Despite playing well, Clips drop to 0-3. Funny video: http://bit.ly/871Ju [...] [...] This post was mentioned on Twitter by Alex David, Drew D. Drew D said: Despite playing well, Clips drop to 0-3. Funny video: http://bit.ly/871Ju [...]

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