No Rebound Without Restructure - NBC Bay Area

NBC Bay Area's views on issues affecting Northern California

No Rebound Without Restructure

Crisis in Local Governments



    And now, an NBC Bay Area Editorial-

    Despite signs of recovery, our cities and counties still wallow in red ink. And until we fix the crisis in local governments, the Bay Area's rebound will be weak.

    I'm Suzanne Shaw (NBC Bay Area Editorial Director)

    The Silicon Valley Index, a sobering new report on the region's economy, concludes that even with a rebound in the private sector, public sector problems will hurt our prosperity.

    No Rebound Without Restructure

    [BAY] No Rebound Without Restructure
    Suzanne Shaw, NBC Bay Area Editorial Director discusses the economic health of Silicon Valley
    (Published Friday, Feb. 25, 2011)

    We spend far more than we take in. Demand is up Food Stamps, Medi-Cal, pensions, you name it. So even though local governments cut thousands of jobs, the gap between revenues and spending is growing.

    NBC Bay Area believes we have to restructure the tax code so it's fair to individuals and business. We have to decide what kind of government we're willing to pay for, and what we're willing to live without. The sooner we get to work, the better.