The World Socialist Web Site reports
Three US states--New Jersey, Maine, and Illinois--with a combined population of 23 million people entered a new fiscal year [July 1] without a state budget, forcing widespread shutdowns of public services, state offices, and schools, as well as the closure of state parks on the Fourth of July holiday weekend.
In a fourth state, Connecticut, Democratic Governor Dannel Malloy ordered across-the-board spending cuts totaling $2.1 billion after the legislature failed to pass a balanced budget. Malloy's cuts include the elimination of summer youth employment programs and rental assistance for low-income families, as well as a reduction in education funding.
Six more states entered the new fiscal year without a final budget, but without, as yet, any significant shutdown of state services: Delaware, Massachusetts, Oregon, Pennsylvania, Rhode Island, and Wisconsin. Cuts are to be expected in all of these states if new budgets are not enacted by July 5, the first workday after the holiday.
[...] In a display of elitist arrogance, [Republican Governor Chris Christie of New Jersey] spent the weekend with his family at an official residence in a state park that had otherwise been closed to the public by his own executive order.
[...] In Maine, Republican Governor Paul LePage ordered the first statewide shutdown of government services since 1991 after the legislature failed to bow to his demand that it adopt a new, two-year, $7 billion budget without any tax increases.
In a brazenly antidemocratic action, LePage and Democratic and Republican state legislators had already agreed that the new budget would repeal a measure approved last November by the votes of more than 357,000 people in a statewide referendum. The referendum imposed an additional three percent income tax on the wealthiest state residents--those who make more than $200,000 a year--to increase funding for public education.
Additional Coverage: ABCNews
(Score: 0) by Anonymous Coward on Wednesday July 05 2017, @07:46PM (1 child)
Capitalism is making money from money.
If someone somewhere isn't PRODUCING something, how does he make profit?
Now, if people came to his cave to buy from him what he produced in his 1-man operation, that would be entrepreneurship.
That would more accurately be described as Socialism (the workers^W sole worker-owner owns the means of production).
...and if he never leaves his cave and nobody comes there to buy, he needs to exploit the labor of a salesman.
Once again, Capitalism is the process of exploiting the labor of others.
You keep describing business as if all businesses are Capitalist.
They aren't.
Capitalism involves the word "employee".
-- OriginalOwner_ [soylentnews.org]
(Score: 0) by Anonymous Coward on Wednesday July 05 2017, @08:26PM
Thank you very much. You have elucidated that when you use the word "Capitalism" it means something different from everybody else. I'm going to guess that you mean something different by "Socialism" as well.
That explains a lot about your confused rants.