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At least 100,000 public servants will receive grim news over the Christmas holidays or soon after as councils, police forces and other public services race to meet a deadline of 1 January to formally announce job cuts.
An analysis of local authority documents reveals that the number of council redundancies directly resulting from the coalition's austerity measures is expected to break the 100,000 mark by early in the new year, fuelled by the swingeing cuts announced this week to councils' budgets and the pressure to start cutting before the new financial year in April.
This comes on top of the 33,000 drop in public sector jobs over the three months to October that was detailed yesterday in official unemployment data and is likely to lead to a torrent of "at risk" warning letters hitting doormats across the country in the next few weeks. The letters are a legal warning that your job could be at risk. After months of political warnings, the imminent bloodletting in town halls across the country is the first tangible sign of the government's austerity budget beginning to bite outside Whitehall.
"Thousands of local government workers face having their Christmas ruined by redundancy notices," said Brendan Barber, general secretary of the Trades Union Congress, yesterday. "Councils in particular are bringing forward job losses in order to cope with the deep budget cuts that take effect next April."
It's way to late for this economic warning. The US is well on it's way...
I am amazed that the US government, in the midst of the worst financial crises ever, is content for short-selling to drive down the asset prices that the government is trying to support....The bald fact is that the combination of ignorance, negligence, and ideology that permitted the crisis to happen still prevails and is blocking any remedy. Either the people in power in Washington and the financial community are total dimwits or they are manipulating an opportunity to redistribute wealth from taxpayers, equity owners and pension funds to the financial sector. Paul Craig Roberts was Assistant Secretary of the Treasury www.countercurrents.org...
In 1976 A typical American CEO earned 36 times as much as the average worker. By 2008 the average CEO pay increased to 369 times that of the average worker. timelines.ws...
Originally posted by sara123123
reply to post by anon72
It's way to late for this economic warning. The US is well on it's way to serious cuts in the Federal, State and Local government payrolls. Our Federal government is too large, debt is too big and our income is too small. To make things worse, our Congress has expanded government at a outrageous pace since the collapse, not to mention our Fed bailing out not only our banksters but Europe's banksters, too! It's all over but the crying.
Originally posted by Solomons
I don't see why it surprises people, the country is a mess and does not produce anything. Our entire economy is based on debt and consumption, we should be bringing back the troops and investing in industries that actually create real wealth. But we still have to get out of debt and that inevitably means massive cuts, i don't think the government is cutting enough if im being honest.
Originally posted by Solomons
I don't see why it surprises people, the country is a mess and does not produce anything. Our entire economy is based on debt and consumption, we should be bringing back the troops and investing in industries that actually create real wealth. But we still have to get out of debt and that inevitably means massive cuts, i don't think the government is cutting enough if im being honest.
Originally posted by ufoorbhunter
reply to post by thoughtsfull
Me a wealth creator working in manufacturing gets taxed to death so wealth devourer can have joke job working for socialists in the local government. Make half government workers redundant. Make them work for a living instead of leaching from others - leave me alone to sell my wares abroad and bring in wealth from export and rebalance the national figures, don't tax me to death and kill the pig
Over the past 10 years, the private sector has generated roughly 1.1 million additional jobs, or about 100K per year. The public sector created about 2.4 million jobs.