Get ready for higher taxes, fees.
How about reducing Municipal, Federal wages, pensions, 20%?
Yes, a very high % of the private sector has already had to do this. Why not government? And people, business continue to leave to adjoining States, lower population means fewer tax payers to pay the bills.
The private sector had to become cost effective, why not government?
In this environment we will not be able to “grow” our way out of this. Ever.
Don’t count on the Fed, they are in the same boat.