It’s been a rough year economically in the US for most people. Next year will be rougher. The ‘new normal’ will keep sinking in terms of most people’s ability to borrow and spend money, find jobs, take long car trips and dine out. Not ideal, not terrible, more flight to quality over quantity, more focus on basics. At least it will be for people with brains and open eyes.
Here is what Governor-elect Jerry Brown (former Oakland mayor) said about California’s 2011 budget this past Tuesday a while ago per LATimes:
“We’ll present a budget on Jan. 10. It will be a very tough budget, but it will be transparent,” he said. “We’ll lay it out as best I can. We’ve been living in fantasy land. It is much worse than I thought. I’m shocked.”