Welcome to the Radio Boston live webchat. We’ll run a chatroom like this every week while the show is live and on the air, Fridays from 1-2pm Eastern Time. Log on and listen in to our live stream: www.wbur.org/listen.
Today, our chat is moderated by Craig Sandler, reporter with State House News. Is your town looking at an override? Are overrides the best way to address budget shortfalls?
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*** Disclaimer *** : Though there is a moderator, this is a public chatroom. WBUR and its employees bear no responsibility or liability for the opinions expressed in this chatroom, nor is anything written here representative of the WBUR Group and its employees.
Across the United States, in almost every town, county and state, budgets will have to fact the reality of lower revenues. This is because the seeming level of wealth in the US was inflated for a while by the “credit bubble” where we spent more than we earned, and our houses had market prices inflated to prices higher than could be sustained after the credit bubble ended.
So reality is lower budgets, but this will be a huge difficult adjustment for everyone. It takes time to accept you have less wealth than you are accustomed to.
The idea of schools cutting back is only realistic.
This is a tragic conversation.
There is no easy solution at all.
It is not a “structural problem”.
There is no way to feel as rich as we felt in 2006 any longer.