Page 1 of 2 12 LastLast
Results 1 to 10 of 12
  1. #1 Rising costs push California cities to fiscal brink 
    Super Moderator bijou's Avatar
    Join Date
    May 2008
    Posts
    4,207
    Facing the same financial stressors that pushed San Bernardino toward bankruptcy, cities across California are slashing day-to-day services and taking other drastic actions to skirt a similar fiscal collapse.

    For some, it may not be enough.

    San Bernardino on Tuesday became the third California city to seek bankruptcy protection in the last month and, while no one expects the state to be consumed by municipal insolvencies, other cities teeter on the abyss.

    PHOTOS: California cities in bankruptcy

    "There are likely to be more in the future, but it's hard to know, since a lot of struggling cities may manage to work things out,'' said Michael Coleman, a fiscal policy advisor for the California League of Cities. "Some cities may not go into a bankruptcy, but they may dissolve. They may cease to exist.''...

    More: http://www.latimes.com/news/local/la...,2433019.story
    Reply With Quote  
     

  2. #2  
    Senior Member Madisonian's Avatar
    Join Date
    Nov 2010
    Location
    Peoples Democratic Socialist Republic of Michiganistanovia
    Posts
    2,417
    Quote Originally Posted by bijou View Post
    Facing the same financial stressors that pushed San Bernardino toward bankruptcy, cities across California are slashing day-to-day services and taking other drastic actions to skirt a similar fiscal collapse.

    For some, it may not be enough.

    San Bernardino on Tuesday became the third California city to seek bankruptcy protection in the last month and, while no one expects the state to be consumed by municipal insolvencies, other cities teeter on the abyss.

    PHOTOS: California cities in bankruptcy

    "There are likely to be more in the future, but it's hard to know, since a lot of struggling cities may manage to work things out,'' said Michael Coleman, a fiscal policy advisor for the California League of Cities. "Some cities may not go into a bankruptcy, but they may dissolve. They may cease to exist.''...

    More: http://www.latimes.com/news/local/la...,2433019.story
    My guess is that the California federal congress critters are prompting this behind the scenes so that Obama will propose a California bail out, just like Chrysler and GM.
    With that many electoral votes and the Hollywood liberal noise machine and a Congress that is only too happy to spend OPM, they will most likely get it.
    Reply With Quote  
     

  3. #3  
    PORCUS MAXIMUS Rockntractor's Avatar
    Join Date
    Apr 2009
    Location
    oklahoma
    Posts
    42,286
    Should be reworded to excessive spending, over regulation and over taxing businesses until theyare bled dry and leave the state are pushing California cities to fiscal brink.
    Now let's bleed all the fiscally responsible states and cities dry to bail them out.
    The difference between pigs and people is that when they tell you you're cured it isn't a good thing.
    http://i.imgur.com/FHvkMSE.jpg
    Reply With Quote  
     

  4. #4  
    Senior Member Bailey's Avatar
    Join Date
    Aug 2010
    Posts
    6,155
    Quote Originally Posted by Madisonian View Post
    My guess is that the California federal congress critters are prompting this behind the scenes so that Obama will propose a California bail out, just like Chrysler and GM.
    With that many electoral votes and the Hollywood liberal noise machine and a Congress that is only too happy to spend OPM, they will most likely get it.
    No way would the house go for that....Thank God.


    Or i would agree if the EV were split between Romney and the magic negro
    Reply With Quote  
     

  5. #5  
    Senior Member Madisonian's Avatar
    Join Date
    Nov 2010
    Location
    Peoples Democratic Socialist Republic of Michiganistanovia
    Posts
    2,417
    Quote Originally Posted by Bailey View Post
    No way would the house go for that....Thank God.


    Or i would agree if the EV were split between Romney and the magic negro
    I would like to believe that but history is not exactly on your side here.
    Reply With Quote  
     

  6. #6  
    Power CUer NJCardFan's Avatar
    Join Date
    May 2009
    Posts
    16,157
    Why isn't anyone standing up and pointing to the fact that this is what happens when socialistic policies are implemented. This is liberalism 101. And all the taxation in the world isn't going to fix it. They can tax the populace at a rate of 100% and it won't make a difference.
    The Obama Administration: Deny. Deflect. Blame.
    Reply With Quote  
     

  7. #7  
    Senior Member Gina's Avatar
    Join Date
    Apr 2012
    Location
    Western MI
    Posts
    2,360
    I don't know if this has been discussed yet, but I saw this on the news a night or 2 ago.

    Scranton mayor slashes pay for all city workers—including police and firefighters—to minimum wage

    Cali might not be far behind.
    Good men sleep peaceably in their beds at night because
    rough men stand ready to do violence on their behalf.



    Real superheroes don't wear capes. They wear dog tags.
    Reply With Quote  
     

  8. #8  
    Power CUer NJCardFan's Avatar
    Join Date
    May 2009
    Posts
    16,157
    Quote Originally Posted by Gina View Post
    I don't know if this has been discussed yet, but I saw this on the news a night or 2 ago.

    Scranton mayor slashes pay for all city workers—including police and firefighters—to minimum wage

    Cali might not be far behind.
    Again, liberal policies at it's worst. And missing from the article is where the mayor slashed his own salary to minimum wage.
    The Obama Administration: Deny. Deflect. Blame.
    Reply With Quote  
     

  9. #9  
    PORCUS MAXIMUS Rockntractor's Avatar
    Join Date
    Apr 2009
    Location
    oklahoma
    Posts
    42,286
    This is interesting, apparently if you spend more than you bring in and you hire more people than you can pay eventually it gets you in trouble, who duh thought?
    I bet they are way top heavy with administration employees too, watch them fire some chickens but keep all the roosters. This is the sort of things that happen when our people who make our decisions have degrees in LGBT studies, but can't do math
    The difference between pigs and people is that when they tell you you're cured it isn't a good thing.
    http://i.imgur.com/FHvkMSE.jpg
    Reply With Quote  
     

  10. #10  
    Senior Member Gina's Avatar
    Join Date
    Apr 2012
    Location
    Western MI
    Posts
    2,360
    Quote Originally Posted by NJCardFan View Post
    Again, liberal policies at it's worst. And missing from the article is where the mayor slashed his own salary to minimum wage.
    Sorry I didn't post a better link. I saw this story on the news and the mayor did cut his own pay to minimum.
    Looks like they may get some help.. what a mess. More of this to follow in other places I'm sure.

    Pennsylvania offers to help Scranton mediate budget dispute


    One day last week, Scranton had just $5,000 in the bank. Doherty, a Democrat, thrust the city into the spotlight on July 6 when he told firefighters, police and public works employees they would suddenly be earning $7.25 an hour, the state's minimum wage.

    He also cut his own pay and that of city council members to minimum wage.

    "I am very hopeful that the mayor will sit down with the council and negotiate in good faith," council member Pat Rogan said at the meeting. "This city council is not going to pass a 78 percent tax increase. There are many other ideas for generating revenue."
    Good men sleep peaceably in their beds at night because
    rough men stand ready to do violence on their behalf.



    Real superheroes don't wear capes. They wear dog tags.
    Reply With Quote  
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •