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Stockton Ca. To Enter Bankruptcy
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Topic Started: Apr 1 2013, 09:49 PM (545 Views)
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Zechariah
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Apr 7 2013, 10:23 PM
Post #11
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Zechariah
- Posts:
- 25,169
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- Archaicwisdom
- Apr 7 2013, 10:17 PM
- zecharia
- Apr 7 2013, 10:15 PM
- Archaicwisdom
- Apr 7 2013, 10:01 PM
- zecharia
- Apr 7 2013, 08:34 PM
- Archaicwisdom
- Apr 7 2013, 11:27 AM
- zecharia
- Apr 3 2013, 06:27 AM
- Archaicwisdom
- Apr 2 2013, 10:24 PM
- zecharia
- Apr 2 2013, 10:21 PM
- Archaicwisdom
- Apr 2 2013, 10:13 PM
Blame the unions.
Is that going to apply to all of America's bankrupt cities?
Absolutely. A common denominator among fiscally insolvent states, my state of IL being one of them, is an inability to meet retirement and other demands advocated by public unions. Their demands are just not realistic and certainly not in accord with those in the private sector.
From all that I read, it's related to the erosion of the tax base, due to unemployment, business flight and unproductive property. Unions???????
So basically you ascribe to the liberal fallacy that our financial woes are attributed to insufficient revenue. Tell me, if you were 100,000 in debt, is the problem that you spent too much or that you don't have enough income? It really is that simple...IT REALLY IS.
They are bringing in no revenue. Businesses are closing or moving to Mexico, and paying no taxes. Employees are laid off, and paying no state tax. Properties are redundant and producing no tax revenue. Surviving businesses are producing less revenue (less taxes). People are leaving these "dead" cities, causing them to receive less fed funds for schools etc, People are purchasing less, etc. Unions????
nice try. but if the city wasn't accruing revenue then they wouldn't have any public workers and this article wouldn't be about pension obligations, which IS the problem, but rather the elements you detailed. IL democrats tried to pull the same bit, claiming that there was no way to save pensions and that tax income was insufficient, yet they happened up millions of dollars to give state inmates cable television in addition to pay increases for themselves! Meanwhile they CLOSED the Murray center which houses developmentally challenged adults.
A city of only 300,000 cannot support the kind of programs that they have. They know there's no way to achieve the amount of money necessary to meet the pension demands, due to the points I raised...good try.
how does a city of only 300,000 amass that sort of debt to its pensions? They didn't seem to have that problem when times were good. They're having problems for the same reason other cities are having problems, since the crash of 2008. Decreasing revenue.
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Archaicwisdom
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Apr 8 2013, 02:10 PM
Post #12
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- Posts:
- 2,322
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- Member
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- May 31, 2012
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- zecharia
- Apr 7 2013, 10:23 PM
- Archaicwisdom
- Apr 7 2013, 10:17 PM
- zecharia
- Apr 7 2013, 10:15 PM
- Archaicwisdom
- Apr 7 2013, 10:01 PM
- zecharia
- Apr 7 2013, 08:34 PM
- Archaicwisdom
- Apr 7 2013, 11:27 AM
- zecharia
- Apr 3 2013, 06:27 AM
- Archaicwisdom
- Apr 2 2013, 10:24 PM
- zecharia
- Apr 2 2013, 10:21 PM
- Archaicwisdom
- Apr 2 2013, 10:13 PM
Blame the unions.
Is that going to apply to all of America's bankrupt cities?
Absolutely. A common denominator among fiscally insolvent states, my state of IL being one of them, is an inability to meet retirement and other demands advocated by public unions. Their demands are just not realistic and certainly not in accord with those in the private sector.
From all that I read, it's related to the erosion of the tax base, due to unemployment, business flight and unproductive property. Unions???????
So basically you ascribe to the liberal fallacy that our financial woes are attributed to insufficient revenue. Tell me, if you were 100,000 in debt, is the problem that you spent too much or that you don't have enough income? It really is that simple...IT REALLY IS.
They are bringing in no revenue. Businesses are closing or moving to Mexico, and paying no taxes. Employees are laid off, and paying no state tax. Properties are redundant and producing no tax revenue. Surviving businesses are producing less revenue (less taxes). People are leaving these "dead" cities, causing them to receive less fed funds for schools etc, People are purchasing less, etc. Unions????
nice try. but if the city wasn't accruing revenue then they wouldn't have any public workers and this article wouldn't be about pension obligations, which IS the problem, but rather the elements you detailed. IL democrats tried to pull the same bit, claiming that there was no way to save pensions and that tax income was insufficient, yet they happened up millions of dollars to give state inmates cable television in addition to pay increases for themselves! Meanwhile they CLOSED the Murray center which houses developmentally challenged adults.
A city of only 300,000 cannot support the kind of programs that they have. They know there's no way to achieve the amount of money necessary to meet the pension demands, due to the points I raised...good try.
how does a city of only 300,000 amass that sort of debt to its pensions?
They didn't seem to have that problem when times were good. They're having problems for the same reason other cities are having problems, since the crash of 2008. Decreasing revenue. Bullshit. States and its respective cities have been diverting pension funds to pay for other programs and operating costs LONG before this recession. the problem isn't solely revenue...it's expansive government and fiscally outlandish entitlements.
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Zechariah
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Apr 8 2013, 08:26 PM
Post #13
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Zechariah
- Posts:
- 25,169
- Group:
- Members
- Member
- #563
- Joined:
- Jun 24, 2010
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- Archaicwisdom
- Apr 8 2013, 02:10 PM
- zecharia
- Apr 7 2013, 10:23 PM
- Archaicwisdom
- Apr 7 2013, 10:17 PM
- zecharia
- Apr 7 2013, 10:15 PM
- Archaicwisdom
- Apr 7 2013, 10:01 PM
- zecharia
- Apr 7 2013, 08:34 PM
- Archaicwisdom
- Apr 7 2013, 11:27 AM
- zecharia
- Apr 3 2013, 06:27 AM
- Archaicwisdom
- Apr 2 2013, 10:24 PM
- zecharia
- Apr 2 2013, 10:21 PM
- Archaicwisdom
- Apr 2 2013, 10:13 PM
Blame the unions.
Is that going to apply to all of America's bankrupt cities?
Absolutely. A common denominator among fiscally insolvent states, my state of IL being one of them, is an inability to meet retirement and other demands advocated by public unions. Their demands are just not realistic and certainly not in accord with those in the private sector.
From all that I read, it's related to the erosion of the tax base, due to unemployment, business flight and unproductive property. Unions???????
So basically you ascribe to the liberal fallacy that our financial woes are attributed to insufficient revenue. Tell me, if you were 100,000 in debt, is the problem that you spent too much or that you don't have enough income? It really is that simple...IT REALLY IS.
They are bringing in no revenue. Businesses are closing or moving to Mexico, and paying no taxes. Employees are laid off, and paying no state tax. Properties are redundant and producing no tax revenue. Surviving businesses are producing less revenue (less taxes). People are leaving these "dead" cities, causing them to receive less fed funds for schools etc, People are purchasing less, etc. Unions????
nice try. but if the city wasn't accruing revenue then they wouldn't have any public workers and this article wouldn't be about pension obligations, which IS the problem, but rather the elements you detailed. IL democrats tried to pull the same bit, claiming that there was no way to save pensions and that tax income was insufficient, yet they happened up millions of dollars to give state inmates cable television in addition to pay increases for themselves! Meanwhile they CLOSED the Murray center which houses developmentally challenged adults.
A city of only 300,000 cannot support the kind of programs that they have. They know there's no way to achieve the amount of money necessary to meet the pension demands, due to the points I raised...good try.
how does a city of only 300,000 amass that sort of debt to its pensions?
They didn't seem to have that problem when times were good. They're having problems for the same reason other cities are having problems, since the crash of 2008. Decreasing revenue.
Bullshit. States and its respective cities have been diverting pension funds to pay for other programs and operating costs LONG before this recession. the problem isn't solely revenue...it's expansive government and fiscally outlandish entitlements. Bullshit back at you! If they're paying for other programs with pension funds, obviously there's an issue with revenue. In addition if they're paying for other programs with pension funds, unions can't be the problem. You're strengthening my position, seems that the pension fund was the only positive program. And that has to be attributed to the unions that produced that strong pension fund. And I doubt any of this was occurring before the great recession, or show me.
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Archaicwisdom
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Apr 8 2013, 09:20 PM
Post #14
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- Posts:
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- Group:
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- Member
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- Joined:
- May 31, 2012
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- zecharia
- Apr 8 2013, 08:26 PM
- Archaicwisdom
- Apr 8 2013, 02:10 PM
- zecharia
- Apr 7 2013, 10:23 PM
- Archaicwisdom
- Apr 7 2013, 10:17 PM
- zecharia
- Apr 7 2013, 10:15 PM
- Archaicwisdom
- Apr 7 2013, 10:01 PM
- zecharia
- Apr 7 2013, 08:34 PM
- Archaicwisdom
- Apr 7 2013, 11:27 AM
- zecharia
- Apr 3 2013, 06:27 AM
- Archaicwisdom
- Apr 2 2013, 10:24 PM
- zecharia
- Apr 2 2013, 10:21 PM
- Archaicwisdom
- Apr 2 2013, 10:13 PM
Blame the unions.
Is that going to apply to all of America's bankrupt cities?
Absolutely. A common denominator among fiscally insolvent states, my state of IL being one of them, is an inability to meet retirement and other demands advocated by public unions. Their demands are just not realistic and certainly not in accord with those in the private sector.
From all that I read, it's related to the erosion of the tax base, due to unemployment, business flight and unproductive property. Unions???????
So basically you ascribe to the liberal fallacy that our financial woes are attributed to insufficient revenue. Tell me, if you were 100,000 in debt, is the problem that you spent too much or that you don't have enough income? It really is that simple...IT REALLY IS.
They are bringing in no revenue. Businesses are closing or moving to Mexico, and paying no taxes. Employees are laid off, and paying no state tax. Properties are redundant and producing no tax revenue. Surviving businesses are producing less revenue (less taxes). People are leaving these "dead" cities, causing them to receive less fed funds for schools etc, People are purchasing less, etc. Unions????
nice try. but if the city wasn't accruing revenue then they wouldn't have any public workers and this article wouldn't be about pension obligations, which IS the problem, but rather the elements you detailed. IL democrats tried to pull the same bit, claiming that there was no way to save pensions and that tax income was insufficient, yet they happened up millions of dollars to give state inmates cable television in addition to pay increases for themselves! Meanwhile they CLOSED the Murray center which houses developmentally challenged adults.
A city of only 300,000 cannot support the kind of programs that they have. They know there's no way to achieve the amount of money necessary to meet the pension demands, due to the points I raised...good try.
how does a city of only 300,000 amass that sort of debt to its pensions?
They didn't seem to have that problem when times were good. They're having problems for the same reason other cities are having problems, since the crash of 2008. Decreasing revenue.
Bullshit. States and its respective cities have been diverting pension funds to pay for other programs and operating costs LONG before this recession. the problem isn't solely revenue...it's expansive government and fiscally outlandish entitlements.
Bullshit back at you! If they're paying for other programs with pension funds, obviously there's an issue with revenue. In addition if they're paying for other programs with pension funds, unions can't be the problem. You're strengthening my position, seems that the pension fund was the only positive program. And that has to be attributed to the unions that produced that strong pension fund. And I doubt any of this was occurring before the great recession, or show me. wrong.No one wants to hold accountable our bloated government and consequential financial woes. No one wants to realize and admit that it's predominantly blue states that are drowning in debts owed to entitlements and also who have the highest rates of unemployment. And here you come trying to construct, or affirm rather, some fallacy that holds for 60 plus years America has had a revenue not a spending problem...LOL
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Zechariah
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Apr 8 2013, 09:21 PM
Post #15
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Zechariah
- Posts:
- 25,169
- Group:
- Members
- Member
- #563
- Joined:
- Jun 24, 2010
|
- Archaicwisdom
- Apr 8 2013, 09:20 PM
- zecharia
- Apr 8 2013, 08:26 PM
- Archaicwisdom
- Apr 8 2013, 02:10 PM
- zecharia
- Apr 7 2013, 10:23 PM
- Archaicwisdom
- Apr 7 2013, 10:17 PM
- zecharia
- Apr 7 2013, 10:15 PM
- Archaicwisdom
- Apr 7 2013, 10:01 PM
- zecharia
- Apr 7 2013, 08:34 PM
- Archaicwisdom
- Apr 7 2013, 11:27 AM
- zecharia
- Apr 3 2013, 06:27 AM
- Archaicwisdom
- Apr 2 2013, 10:24 PM
- zecharia
- Apr 2 2013, 10:21 PM
- Archaicwisdom
- Apr 2 2013, 10:13 PM
Blame the unions.
Is that going to apply to all of America's bankrupt cities?
Absolutely. A common denominator among fiscally insolvent states, my state of IL being one of them, is an inability to meet retirement and other demands advocated by public unions. Their demands are just not realistic and certainly not in accord with those in the private sector.
From all that I read, it's related to the erosion of the tax base, due to unemployment, business flight and unproductive property. Unions???????
So basically you ascribe to the liberal fallacy that our financial woes are attributed to insufficient revenue. Tell me, if you were 100,000 in debt, is the problem that you spent too much or that you don't have enough income? It really is that simple...IT REALLY IS.
They are bringing in no revenue. Businesses are closing or moving to Mexico, and paying no taxes. Employees are laid off, and paying no state tax. Properties are redundant and producing no tax revenue. Surviving businesses are producing less revenue (less taxes). People are leaving these "dead" cities, causing them to receive less fed funds for schools etc, People are purchasing less, etc. Unions????
nice try. but if the city wasn't accruing revenue then they wouldn't have any public workers and this article wouldn't be about pension obligations, which IS the problem, but rather the elements you detailed. IL democrats tried to pull the same bit, claiming that there was no way to save pensions and that tax income was insufficient, yet they happened up millions of dollars to give state inmates cable television in addition to pay increases for themselves! Meanwhile they CLOSED the Murray center which houses developmentally challenged adults.
A city of only 300,000 cannot support the kind of programs that they have. They know there's no way to achieve the amount of money necessary to meet the pension demands, due to the points I raised...good try.
how does a city of only 300,000 amass that sort of debt to its pensions?
They didn't seem to have that problem when times were good. They're having problems for the same reason other cities are having problems, since the crash of 2008. Decreasing revenue.
Bullshit. States and its respective cities have been diverting pension funds to pay for other programs and operating costs LONG before this recession. the problem isn't solely revenue...it's expansive government and fiscally outlandish entitlements.
Bullshit back at you! If they're paying for other programs with pension funds, obviously there's an issue with revenue. In addition if they're paying for other programs with pension funds, unions can't be the problem. You're strengthening my position, seems that the pension fund was the only positive program. And that has to be attributed to the unions that produced that strong pension fund. And I doubt any of this was occurring before the great recession, or show me.
wrong.No one wants to hold accountable our bloated government and consequential financial woes. No one wants to realize and admit that it's predominantly blue states that are drowning in debts owed to entitlements and also who have the highest rates of unemployment. And here you come trying to construct, or affirm rather, some fallacy that holds for 60 plus years America has had a revenue not a spending problem...LOL LOL, this rhetorical banter won't change the facts.....hahahahaha
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Archaicwisdom
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Apr 8 2013, 09:33 PM
Post #16
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- Posts:
- 2,322
- Group:
- Members
- Member
- #1,582
- Joined:
- May 31, 2012
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- zecharia
- Apr 8 2013, 09:21 PM
- Archaicwisdom
- Apr 8 2013, 09:20 PM
- zecharia
- Apr 8 2013, 08:26 PM
- Archaicwisdom
- Apr 8 2013, 02:10 PM
- zecharia
- Apr 7 2013, 10:23 PM
- Archaicwisdom
- Apr 7 2013, 10:17 PM
- zecharia
- Apr 7 2013, 10:15 PM
- Archaicwisdom
- Apr 7 2013, 10:01 PM
- zecharia
- Apr 7 2013, 08:34 PM
- Archaicwisdom
- Apr 7 2013, 11:27 AM
- zecharia
- Apr 3 2013, 06:27 AM
- Archaicwisdom
- Apr 2 2013, 10:24 PM
- zecharia
- Apr 2 2013, 10:21 PM
- Archaicwisdom
- Apr 2 2013, 10:13 PM
Blame the unions.
Is that going to apply to all of America's bankrupt cities?
Absolutely. A common denominator among fiscally insolvent states, my state of IL being one of them, is an inability to meet retirement and other demands advocated by public unions. Their demands are just not realistic and certainly not in accord with those in the private sector.
From all that I read, it's related to the erosion of the tax base, due to unemployment, business flight and unproductive property. Unions???????
So basically you ascribe to the liberal fallacy that our financial woes are attributed to insufficient revenue. Tell me, if you were 100,000 in debt, is the problem that you spent too much or that you don't have enough income? It really is that simple...IT REALLY IS.
They are bringing in no revenue. Businesses are closing or moving to Mexico, and paying no taxes. Employees are laid off, and paying no state tax. Properties are redundant and producing no tax revenue. Surviving businesses are producing less revenue (less taxes). People are leaving these "dead" cities, causing them to receive less fed funds for schools etc, People are purchasing less, etc. Unions????
nice try. but if the city wasn't accruing revenue then they wouldn't have any public workers and this article wouldn't be about pension obligations, which IS the problem, but rather the elements you detailed. IL democrats tried to pull the same bit, claiming that there was no way to save pensions and that tax income was insufficient, yet they happened up millions of dollars to give state inmates cable television in addition to pay increases for themselves! Meanwhile they CLOSED the Murray center which houses developmentally challenged adults.
A city of only 300,000 cannot support the kind of programs that they have. They know there's no way to achieve the amount of money necessary to meet the pension demands, due to the points I raised...good try.
how does a city of only 300,000 amass that sort of debt to its pensions?
They didn't seem to have that problem when times were good. They're having problems for the same reason other cities are having problems, since the crash of 2008. Decreasing revenue.
Bullshit. States and its respective cities have been diverting pension funds to pay for other programs and operating costs LONG before this recession. the problem isn't solely revenue...it's expansive government and fiscally outlandish entitlements.
Bullshit back at you! If they're paying for other programs with pension funds, obviously there's an issue with revenue. In addition if they're paying for other programs with pension funds, unions can't be the problem. You're strengthening my position, seems that the pension fund was the only positive program. And that has to be attributed to the unions that produced that strong pension fund. And I doubt any of this was occurring before the great recession, or show me.
wrong.No one wants to hold accountable our bloated government and consequential financial woes. No one wants to realize and admit that it's predominantly blue states that are drowning in debts owed to entitlements and also who have the highest rates of unemployment. And here you come trying to construct, or affirm rather, some fallacy that holds for 60 plus years America has had a revenue not a spending problem...LOL
LOL, this rhetorical banter won't change the facts.....hahahahaha Funny ...because you've presented no facts. I've heard this fallacy for 40 plus years from the leftist camp and it still fails to explain a 60 year shortage of revenue. Assuming that you do not know, 60 years ago is when governments began diverting funds in such a way to keep up with constantly expanding entitlements. It's also around the first time the Feds began robbing SS. Your premise is so silly and old that I really do not want to touch it....
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Zechariah
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Apr 8 2013, 09:50 PM
Post #17
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Zechariah
- Posts:
- 25,169
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- Member
- #563
- Joined:
- Jun 24, 2010
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I presented the facts, and your comments played right into my hands.....case closed. All I've heard from you is rhetoric laced with innuendo.....poor mixture.
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