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Conservatively Speaking

State Senator Mary Lazich (R-New Berlin) represents parts of four counties: Milwaukee, Waukesha, Racine, and Walworth. Her Senate District 28 includes New Berlin, Franklin, Greendale, Hales Corners, Muskego, Waterford, Big Bend, the town of Vernon and parts of Greenfield, East Troy, and Mukwonago. Senator Lazich has been in the Legislature for more than a decade. She considers herself a tireless crusader for lower taxes, reduced spending and smaller government.

The Summer of Recovery hits a brick wall

Economy


The nation’s economy continues to sputter in the wrong direction.  The latest ADP (
Automatic Data Processing) National Employment Report released this week has stunning news that private sector jobs declined by 10,000 from July to August of this year. The decline was seen throughout major employment sectors, a sign the projected economic recovery is in the pause mode. Prior to the August decline, there had been employment increases from February through July.

The ADP National Employment Report calculates employment using an anonymous subset of approximately 500,000 U.S. business clients. You can read the August 2010  ADP National Employment Report here. 

The erosion of private sector jobs is placing incredible hardships on American families. New figures from the American Bankruptcy Institute (ABI) show the number of consumer bankruptcies filed during August 2010 declined nationwide by eight percent.  However, the August 2010 filings are six percent higher than the filings made one year ago, and the total number of bankruptcies is now the highest it has been since 2005. The ABI indicates consumer bankruptcy filings could surpass 1.6 million this year.

These developments are a clear signal that Washington’s spending frenzy exacerbated the economic crisis gripping America. Families are being forced to tighten their belts, and soon they will not have belts to tighten.  Government at all levels is obligated to heed the actions of the American public and act likewise. Placing a greater financial burden on the shrinking workforce and shrinking incomes is fiscally irresponsible.

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