Thursday, September 30, 2010

Michigan sees drop in income

Michigan sees a sharp drop in family income. This should not be a major surprise. We have been talking about how hard industry has been hit, especially in makers of cars. With less income comes less sales and less tax revenue. States like Michigan are now near bankruptcy as our recession goes on. Yeah, we are still in one. Politicians say all is fine, but they must be drinking strong wine.

0 comments: