Reduction Quotes

(Local governments) still have to pay for those services. Gas prices still go up, teachers' salaries still go up, pensions still go up... You can have the growth in the underlying value of property taxes exploding even though there is this so-called 30 percent reduction. - Jon Corzine

$11 billion of the $18 billion drop in inventories was in manufacturing, and there's an element of that which isn't a matter of U.S. factories humming along [to re-stock shelves]. In many cases, there simply isn't any U.S. factory any more, and some of this may be just a permanent reduction in inventories. - David Kelly