It’s Friday, and we finally have a solution to stabilizing the housing market- eat out. After all, a bad economy makes for a bad housing market, and dining out will help fix that: [Thanks L!]
Gov. Jan Brewer took the stage Thursday with rocker and restaurateur Alice Cooper to convince Arizonans that dining out is good for the state.
Announcing a three-month public-awareness campaign called Dine 4 AZ, they said going to restaurants
supports businesses and helps preserve jobs. Brewer noted that restaurants generate 10 percent of Arizona’s tax revenues."We are working hard to lead the Grand Canyon State forward and out of this recession, and Dine 4 AZ fits perfectly into our plan," she said. "Please treat your family to a meal and we’ll get through this together."
According to Stephen D. Chucri, president and CEO of the Arizona Restaurant Association:
We’ve been hit hard by unemployment, immigration issues and rampant foreclosures in our housing market, but with the Dine 4 AZ initiative we can all do some simple things to get our economy rolling again.
Any other great solutions, stories, ideas this morning? This is an open thread, so let us know what’s on your mind.
Bubble Meter
Ohio Fraudclosure
Mish's Global Economic Analysis
UK House Bubble
Northern Virginia Housing Bubble Fallout
Breaking News Relevant Articles© Copyright 2012 Housing Doom | Copyright© 2011, AuthentiCraft, Inc.
By the way, I think Alice Cooper should stick to performing. He doesn’t seem to be cut out to be an economic advisor. [Then again, he doesn't seem to be doing much worse than a lot of the talking heads!] Here’s my personal favorite Cooper song:
Igor says he dislikes it, but I think he’s just jealous that he hasn’t done a video.
Once Arizona loses enough of its population, we’ll turn it into a Federal Wilderness. Should have happened decades ago to this ridiculous state and its even more ridiculous population.
But I know what you’re thinking: what will happen to Sandra and the Lazy B? After all, a gazillion square miles, even of nothing, is not nothing.
Twist you are correct in saying “By the way, I think Alice Cooper should stick to performing. He doesn’t seem to be cut out to be an economic advisor.” One of his other ventures is owning AirPark Chrysler in Scottsdale. I wonder how that is working out post “Cash for Clunkers”?
I am guessing that my two tuna subs purchased in Arizona yesterday (w/coupon) will do little to alleviate the biggest state budget disaster (percentagewise) in the United States.
This may seem off-topic for a housing blog, but I believe that the housing bubble’s effect on tax coffers allowed more than a few improper programs into the Arizona budget. Or at least allowed such programs to grow significantly.
Check out this program, which I have spoken out against since I first heard about it from a participant a few years ago:
http://www.eastvalleytribune.com/page/taxcredits
Basically, Arizonans can wipe out some (or all) of their state tax liability and “donate” to a scholarship organization with their donation geared to a specific child (not their own dependent). That child’s family members (or family friends, etc.) can reciprocate. So, the “scholarships” funded by tax credits go to people who can afford (and were affording) private school tuition payments.
I am a fan of private education, and never attended a public institution in the years between kindergarten and graduate school. And I am no fan of taxes. But if we are to have an income tax in Arizona, it seems terribly unwise to simply hand over millions of actual tax dollars due to private school parents.
From one of the EV Tribune articles:
“Only God and the health of loved ones rank higher with Beth and Doug Fitch than an elite education for their two boys.
The $20,000-a-year cost is exorbitant, Beth said, even though the Fitches are both personal injury attorneys and own an Ahwatukee Foothills home valued at a half-million dollars, Maricopa County property records show. But the Fitches haven’t had to worry about the bill.
The state’s Private School Tuition Tax Credits program covers the cost of private education, often for children whose parents could afford to pay it themselves – while allowing affluent families to reduce the amount of income tax they pay into the state’s general fund.”
http://www.eastvalleytribune.com/story/142255
From the same article. Even I was unaware of scholarships for fetuses:
“‘Some families know right from the moment of conception that this child is going to private school,’ she said.
ASF allows parents to bank away tens of thousands of dollars in tax credit donations for years – from the moment they conceive their child.”