AAA is reporting that there will be a 2.6% drop in travel for the Labor Day weekend. They accurately point out that as money gets tight, discretionary spending, like travel and tourism, take the hit first, which is what I've been saying all along.
With Scott Walker taking away millions of dollars away from tens of thousands of workers across the state, I would not be surprised to find that the travel numbers actually end up lower. It's hard to justify spending a couple hundred dollars going camping or to the Dells knowing that your paycheck is cut by a couple of hundred dollars, but your bills aren't.
That in turn hurts the businesses that are relying on our money, not to mention the people that work for these places.
That Walker - what an economic genius!
Thursday, August 25, 2011
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When I pointed out to Sen. Terry Moulton the other day during a "listening session" that businesses in the county where I live would be losing an estimated $10 million a year because public employees would have less discretionary income to spend, he said the businesses would make up for that loss with lower taxes. Really? The local restaurant is going to save thousands of dollars a month by paying lower taxes? And how is losing millions of dollars a year in lower taxes going to help the state?
ReplyDeleteWill archery supplies be dropping in price now that lower taxes are here? Will archery store workers be getting paid more now?
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