I lived during the great depression of the early 1930’s. It was a terrible
time. Going into the great National Debt where we are now heading is not the
solution. I believe we must get our spending under control. If we as
individual families were to go in to debt like our nation is currently doing,
we would never get out of debt. I question whether our nation will ever be
able to get out of debt.

So, what are they going to do to balance next year’s budget? And the year
after that? I perceive that the combined IQ of the decision makers in this
state is 56.

I wonder where my BAIL OUT will come? Seems to me the government bailed out
the wrong people. A lot of these bail outs got the money and ran. They ran to
Mexico to hire slave labor. Referring to the auto industry mostly. So several
thousands of jobs are now gone. Do you think the prices of cars and trucks
will now go down in price? Even if they did, no one has a job now to be able
to buy a new vehicle! Detroit is almost a ghost town now! Seems like this
makes more sense in an E-mail I got. Give me (say people over 58)1 million
dollars and take retirement. We just created millions of jobs. I’ll pay off
my house, Bailed out the banks & mortgages companies. Pay off or buy a new
car, bailed out the auto industry etc. And my question is why the government
bailed out these companies with no strings attached. Like stay in the USA and
no BONUSES for the CEO’s! What are these people in Congress thinking? I say
come election time, Vote EVERYONE OUT!

Every other commercial on radio on TV is about how to get out paying what you
owe. “If you owe more that $10,000.00 on credit cards we can show you how to
avoid paying” etc. Well, maybe our governor should call them. Moral of the
story: Don’t spend money you don’t have and damn sure don’t spend money your
grand children are going to have to pay back.

Didn’t the collapse of the stock market have something to do with the Great
Depression? People borrowed beyond their means to invest more deeply in the
stock market to pursue get-rich-quick schemes. The collapse of the housing
market was a similar disaster. People obtained loans for homes they could not
afford in the hopes of either getting rich or pursuing a chance to live
beyond their means. When home prices stopped rising, people could not afford
their mortgage payments. The collapse of the stock market and the housing
industry led to widespread unemployment and significantly lower tax revenue.
I have looked at five different econ textbooks and none of them points the
blame for the Great Depression on things like overspending on public schools.
Unregulated bank lending and raising tariffs exacerbated the problems of the
Great Depression. Granted there is always some degree of excess in public
spending, but Arizonans can’t blame their problems on public education
 spending.

The sad truth of it is they may have to do both, meaning Cut WAY back and
raise taxes. Nobody can convince me that AZ Government isn’t bloated, We even
have a state Cartographer, why do we need this when we got by fine without
one until the late 90s? Why do we have a State Balladeer? Not living within
their means caused this problem, no matter how much new tax you throw at it
(which will mean even higher unemployment, and unemployed people don’t
taxes), you will never solve that. Short term a minor tax increase may be
needed, but, that wont solve irresponsibility that will only be accented next
year (because the, “stimulus” funds they were able to get this year). We are
repeating the same mistakes of the Great Depression.