Tuesday, April 28, 2020

Deficits...Deficits Everywhere!




A line from a song says "Our love keeps draggin' on." In our case today, our quarantine keeps dragging on. Totally uncharted territory, but we can make some assumptions and predictions.

Credit Suisse says one in four extant malls in the U.S. will be closed by 2022. We somehow don't think this prediction needs any comment on how it will affect Florence.

The University of Alabama System says it's looking at 150 million dollars in lost revenue. How much is UNA looking at?

Some states are asking about bankruptcy. Does anyone think Alabama will come out of this unscathed?

How about towns? How's Sheffield doing in all this? The town of Hoover has said its budget will suffer a shortfall that could total at much as 15 million. How much can Sheffield afford to lose? Just in case it needs to be said, no one should count on Inspiration Landing to bring in the bacon.

We have no idea how much money TVA is losing, but it will affect its payment to the Ag Authority in Lauderdale. We're sure some will try to save the 20% completed project, but at what price? Our schools need that money more. 

Let us repeat that: Our schools need that money more!


We Have Seen The Future & There're No Cars In The Parking Lot

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