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Old 07-10-2012, 07:43 PM   #1
Adwetyren

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Default The tip of the iceberg .....
..... local governments are going broke all over the country .....

..... this mayor may have thrown a bit of a tantrum with cuts this severe .....

..... he wanted to raise taxes to maintain the status quo .....

..... the city council voted his tax plan down .....

..... the council wanted to borrow money to pay the employees .....

..... this isn't the first city to go bust ..... won't be the last .....

http://www.businessinsider.com/scran...r-wages-2012-7
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Old 07-10-2012, 07:48 PM   #2
Alice_Medichi34

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They're lucky they were paid minimum wage... now maybe they'll wake up!.... but I wouldn't bet on it.
..... then only other solutions they could come up with ..... raise taxes or borrow ..... apparently reducing obligations wasn't on the table .....
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Old 07-10-2012, 07:55 PM   #3
aaaaaaaabbbby

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Reducing? That's only for others to do. All part of the ummitigated arrogance of the left.
..... gotta love how they always make it about cops, firefighters and teachers .....

..... never a mention of the deadwood dipshits we see standing around bullshitting or picking their asses/noses every time we enter a public facility .....
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Old 07-10-2012, 08:02 PM   #4
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In 2008, the Northern California city of Vallejo filed for Chapter 9 bankruptcy, spurred by labor contracts the city said it could no longer afford. Above, ferry buildings and the city's former Mare Island Naval Shipyard. The High Sierra ski town of Mammoth Lakes [California] filed for bankruptcy because it cannot afford to pay a $43-million breach-of-contract judgment against it brought by a developer. The resort village, above, is empty during a late-season snowstorm. Source: http://www.latimes.com/news/local/la...7.photogallery


Here are some more: http://www.freerepublic.com/focus/f-news/2855882/posts


Leftists have no business making fiscal policy.
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Old 07-10-2012, 08:02 PM   #5
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They've promised so much, for so long, it's just impossible to sustain.

Better to pay someone more in cash, today.. Than to make promises in perpetuity.

But, it's easy to do.. Even if you know it's going to be a problem, I'm sure the thinking goes: "Hey, who cares? I won't be in office when this thing blows up!"
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Old 07-10-2012, 08:04 PM   #6
mireOpekrhype

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State constitutions should be amended to prevent this stupidity..

All it takes is 1 bad governor, and everybody is on the political and economic hook forever.
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Old 07-10-2012, 09:27 PM   #7
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State constitutions should be amended to prevent this stupidity..

All it takes is 1 bad governor, and everybody is on the political and economic hook forever.
with interest accruing by the day.
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Old 07-10-2012, 10:33 PM   #8
DoctorNiCYDEn

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Old 07-11-2012, 01:07 AM   #9
Jellowstrom

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..... local governments are going broke all over the country .....

..... this mayor may have thrown a bit of a tantrum with cuts this severe .....

..... he wanted to raise taxes to maintain the status quo .....

..... the city council voted his tax plan down .....

..... the council wanted to borrow money to pay the employees .....

..... this isn't the first city to go bust ..... won't be the last .....

http://www.businessinsider.com/scran...r-wages-2012-7
Unions and liberals------a recipe for disaster every time.
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Old 07-11-2012, 01:09 AM   #10
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Old 07-11-2012, 01:28 AM   #11
casinochniks

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Unions and liberals------a recipe for disaster every time.
Rather like flesh eating bacteria, and just as much fun to have around.
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Old 07-11-2012, 02:00 AM   #12
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Whenever a bureaucracy implodes, an angel gets it's wings...
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Old 07-11-2012, 02:16 AM   #13
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They must have handed out a lot of wings over the past few decades in that case.
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Old 07-12-2012, 06:02 PM   #14
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San Bernardino bankruptcy: Other California cities could be next
July 12, 2012

San Bernardino this week became the third California city to seek bankruptcy protection in the last month, and experts say it might not be the last.

"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 adviser for the California League of Cities. "Some cities may not go into a bankruptcy, but they may dissolve. They may cease to exist.''

Once rare, turning to bankruptcy has become a painful but enticing option for cities whose labor costs and municipal debt far outpace anemic tax revenue. The Bay Area city of Vallejo began the current trend in May 2008, filing for Chapter 9 bankruptcy protection because, city leaders said, salaries and benefits for its public safety workers were eating up too much of the general fund. Source: http://latimesblogs.latimes.com/lano...s-be-next.html

“We’ve hit basically a perfect storm, what with the economic recession, with the meltdown of our nation’s economy, the massive loss of both sales and property tax which is essentially the foundation stones for city services,” said Morris.
Source: http://losangeles.cbslocal.com/2012/...no-bankruptcy/
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Old 07-12-2012, 06:04 PM   #15
clomoll

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California went from 6th largest economy to 8th.
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Old 07-12-2012, 06:13 PM   #16
lierro

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This really is just the "tip of the iceberg" for Cali:


California, as just about everyone already knows, is among the nation's highest-taxed, most-regulated and most-expensive states to live in.

Energy costs, like taxes, regulations and the cost of living, are direct consequences of meddlesome, overbearing government intrusion. Yet, Gov. Jerry Brown's administration prepares more of the same as the California Air Resources Board ratchets up additional regulatory burdens, including plans to impose an unnecessary carbon-emission cap-and-trade auction that will drive energy providers' costs even higher.Refineries must pay to emit greenhouse gases through the cap-and-trade program scheduled to launch in August. Those costs will be passed along to consumers just as surely as is every other cost resulting from government mandates and regulations. Source: http://www.ocregister.com/opinion/en...-business.html

I am Governor Jerry Brown
My aura smiles
And never frowns
Soon I will be president

Carter power will soon go away
I will be fuhrer one day
I will command all of you
Your kids will meditate in school

California über alles
über alles california
Zen fascists will control you
100% natural
You will jog for the master race
And always wear the happy face
Close your eyes, can't happen here
Big bro' on white horse is near
The hippies won't come back you say
Mellow out or you will pay

California über alles
über alles california

Now it is 1984
Knock knock at your front door
It's the suede/denim secret police
They have come for your uncool niece

Come quietly to the camp
You'd look nice as a drawstring lamp
Don't you worry, it's only a shower
For your clothes here's a pretty flower¡*

Die on organic poison gas
Serpent's egg's already hatched
You will croak, you little clown
When you mess with president brown

California über alles
über alles california

- DK (c 1980)
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Old 07-12-2012, 07:01 PM   #17
BakerBonce

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dont forget. the Arnold said they deserve TWO highspeed rail corridors, because they thought of it FIRST!
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Old 07-12-2012, 07:14 PM   #18
SpyRemo

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~~~~~~~~~~~~~~~~~~~~~~~


BERDOO..... BROKE .... OAKLAND IS FULL OF NIGGERS....

PROBABLY BROKE-ER THAN BERDOO.
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Old 07-12-2012, 07:31 PM   #19
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San Bernardino bankruptcy: Other California cities could be next
July 12, 2012



Source: http://latimesblogs.latimes.com/lano...s-be-next.html




Source: http://losangeles.cbslocal.com/2012/...no-bankruptcy/
..... it isn't just California cities ..... the State itself is not far behind .....

..... the following video is 12 minutes of a good explanation of how the clusterfuck developed .....

..... it addressed the subject two years ago in the waning days of "the Governator" .....

..... the present Governor, Jerry Brown is the bastard that is/was responsible for putting the State on a course for the inevitable disaster back in the 1980's when he was Governor the first time .....

..... Brown was backed again in 2010 by the beneficiaries of the corrupt and overly generous State employment conditions .....

..... worth watching .....
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Old 07-12-2012, 08:19 PM   #20
Petrushkaukrop

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But, it's easy to do.. Even if you know it's going to be a problem, I'm sure the thinking goes: "Hey, who cares? I won't be in office when this thing blows up!"
Yeah... it's called 'kicking the can down the road'. I'm sick of all the irresponsibility I see in Government today.
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