More tombstonings and CC callouts

[The Village Idiot]

BTW keep your eyes on LA, that one is about to blow unless the President sends Timmeh in with a helicopter full of money to prevent chaos before November.  Nothing more fun than watching a corrupt politician have his corruption blow up in their face regardless if that politician is democrat or republican.

Its not just LA, although that one may blow up first, its every public retirement fund in the country that we taxpayers will be forced to bailout. We shouldn't bail them out.

[Allentownjake]

Its not just LA, although that one may blow up first, its every public retirement fund in the country that we taxpayers will be forced to bailout. We shouldn't bail them out.

California is releasing prisoners, firing cops, and cutting social services in an environment of 12.5% unemployment in the U3 and over 20% in the U6.

30 years of the state increasing services and not correspondingly increasing taxes and using debt to pay for it is coming home to roost when the tax revenues declined due to the depression.  That state and New York state are in worse financial shape than Greece, but they haven't had the runs on them yet.

LA is the epicenter of corruption and stupidity in California.  I expect it to blow first unless there is a Helicopter of money from Tim Geithner dropped into their Mayor's lap.

That mayor is more corrupt than Daley and is scared shitless of what is going to happen when this thing blows.  The question is whether the Feds do an investigation because he is a buddy of the Clintons and now the White House.

No-bid contracts, ridiculous municipal labor contracts, and tax increases on the common citizenry in fees and what not to pay for it.  He's a little Obama.

[Allentownjake]

Its not just LA, although that one may blow up first, its every public retirement fund in the country that we taxpayers will be forced to bailout. We shouldn't bail them out.

As for the Pension funds, Wall Street has been collecting ridiculous fees managing them for the past 10 years and losing money every year.

People need to realize a politician does not give a crap about your retirement.

[Celtic Rose]

California is releasing prisoners, firing cops, and cutting social services in an environment of 12.5% unemployment in the U3 and over 20% in the U6.

30 years of the state increasing services and not correspondingly increasing taxes and using debt to pay for it is coming home to roost when the tax revenues declined due to the depression.  That state and New York state are in worse financial shape than Greece, but they haven't had the runs on them yet.

LA is the epicenter of corruption and stupidity in California.  I expect it to blow first unless there is a Helicopter of money from Tim Geithner dropped into their Mayor's lap.

That mayor is more corrupt than Daley and is scared shitless of what is going to happen when this thing blows.  The question is whether the Feds do an investigation because he is a buddy of the Clintons and now the White House.

No-bid contracts, ridiculous municipal labor contracts, and tax increases on the common citizenry in fees and what not to pay for it.  He's a little Obama.

I really am curious as to what is going to happen to California.  We are broke, unemployment is high, and we have some crazy people in governmental positions.  I worried that LA may collapse and let us know what we are in for in the future.

[formerlurker]

California is releasing prisoners, firing cops, and cutting social services in an environment of 12.5% unemployment in the U3 and over 20% in the U6.

30 years of the state increasing services and not correspondingly increasing taxes and using debt to pay for it is coming home to roost when the tax revenues declined due to the depression.  That state and New York state are in worse financial shape than Greece, but they haven't had the runs on them yet.

LA is the epicenter of corruption and stupidity in California.  I expect it to blow first unless there is a Helicopter of money from Tim Geithner dropped into their Mayor's lap.

That mayor is more corrupt than Daley and is scared shitless of what is going to happen when this thing blows.  The question is whether the Feds do an investigation because he is a buddy of the Clintons and now the White House.

No-bid contracts, ridiculous municipal labor contracts, and tax increases on the common citizenry in fees and what not to pay for it.  He's a little Obama.

Some extremely hard decisions need to be made by the state legislature in CA that will never happen, so the state will crash, burn  -- just in time for midterm elections.

[The Village Idiot]

California is releasing prisoners, firing cops, and cutting social services in an environment of 12.5% unemployment in the U3 and over 20% in the U6.

30 years of the state increasing services and not correspondingly increasing taxes and using debt to pay for it

Their taxes are too high. period. I read that in the last decade more than 40,000 employers have stopped doing business in California. They either closed, moved or simply stopped doing business there.

[Allentownjake]

I really am curious as to what is going to happen to California.  We are broke, unemployment is high, and we have some crazy people in governmental positions.  I worried that LA may collapse and let us know what we are in for in the future.

May 5th LA runs out of money.  Literally as of May 5th their checking account reads negative.  Their comptroller announced that yesterday.

We'll see if the Feds run in and drop money to prevent a large democratic city from declaring bankruptcy 6 months before an election.

  

[formerlurker]

May 5th LA runs out of money.  Literally as of May 5th their checking account reads negative.  Their comptroller announced that yesterday.

We'll see if the Feds run in and drop money to prevent a large democratic city from declaring bankruptcy 6 months before an election.

  

They aren't borrowing money? 

[Allentownjake]

Their taxes are too high. period. I read that in the last decade more than 40,000 employers have stopped doing business in California. They either closed, moved or simply stopped doing business there.

Well when you pay a Garbage man $100,000 a year in San Francisco that is going to happen.

[Allentownjake]

They aren't borrowing money? 

Would you lend it to them?

The Federal Government is crowding out people in the debt markets, and like Greece, when you announce to the world you have a liquidity problem, the world is less likely to loan you funds at a rate that you can pay off.

[formerlurker]

Would you lend it to them?

The Federal Government is crowding out people in the debt markets, and like Greece, when you announce to the world you have a liquidity problem, the world is less likely to loan you funds at a rate that you can pay off.

Did the comptroller comment that they are attempting to borrow money?

[The Village Idiot]

I really am curious as to what is going to happen to California.  We are broke, unemployment is high, and we have some crazy people in governmental positions.  I worried that LA may collapse and let us know what we are in for in the future.

The state that allows quacks to "prescribe" pot to kids will legalize it for everyone this year. Meanwhile the state will become Ethiopia economically and before long the official language will be Spanish. Schools don't teach, but they'll send your 12 year old to an abortion clinic without your knowledge (I guess thats what schools are for these days), they have "nudist" camps for kids only (no parents allowed) where yourr 13 year old daughter can hang out with 17 year old boys unsupervised, that'll work out fine I'm sure.

You got celebutards doing ads and videos encouraging you to raise your own taxes while they hide their huge accounts offshore.

Is anything in California normal? Anything at all?

[formerlurker]

Official: LA mayor cannot shut down city services

Associated Press
04/07/10 3:05 PM PDT
 

LOS ANGELES — A top city analyst says Los Angeles Mayor Antonio Villaraigosa does not have the power to unilaterally shut down city services two days a week.

Chief Legislative Analyst Gerry Miller told the City Council on Wednesday that the council would have to adopt an emergency resolution for such a furlough plan.

Villaraigosa on Tuesday called for the shutdown of non-revenue generating city services two days a week starting Monday. Exceptions would include public safety and sanitation.


Read more at the San Francisco Examiner: http://www.sfexaminer.com/economy/la-mayor-close-offices-2-days-a-week-to-save-cash-90070252.html#ixzz0kWBQNGBQ

[The Village Idiot]

They need to shut down the ethnic community centers and gay libraries right away.

[Allentownjake]

Did the comptroller comment that they are attempting to borrow money?

http://globaleconomicanalysis.blogspot.com/2010/04/la-controller-says-city-could-run-out.html

[The Village Idiot]

They need to cut spending, period.

They need to fund the vital services first and slash everything else to the bone, anything that is not 100% necessary should be abolished.

[Allentownjake]

They need to shut down the ethnic community centers and gay libraries right away.

I think the no-bid contracts with their buddies to provide city services is more the problem.  As it is in the federal government.

Those things while possibly wasteful, are small budgetary line items to keep a few community leaders shut-up.

[Allentownjake]

The state that allows quacks to "prescribe" pot to kids will legalize it for everyone this year. Meanwhile the state will become Ethiopia economically and before long the official language will be Spanish. Schools don't teach, but they'll send your 12 year old to an abortion clinic without your knowledge (I guess thats what schools are for these days), they have "nudist" camps for kids only (no parents allowed) where yourr 13 year old daughter can hang out with 17 year old boys unsupervised, that'll work out fine I'm sure.

You got celebutards doing ads and videos encouraging you to raise your own taxes while they hide their huge accounts offshore.

Is anything in California normal? Anything at all?

Decriminilization and enforcement on age usage would probably solve half their budget problems statewide.  Not a user, but prohibition generally creates a black market and the crimes that are associated with it.

Casinos are more dangerous to a community than Marijuana.  At least keeps the jobless passive.

The Prison unions won't allow that so don't worry.

[The Village Idiot]

There will be no age restriction. There isn't NOW with "medical" (har har har) pot if you know a quack.

[formerlurker]

Ok -- they have the money in reserves to keep operating (chicken little, the sky looks pretty dark and dangerous, but it ain't falling yet).   Pissing match has ensued between DPW and the mayor over transfer of funds, which DPW will end up making.

Employees will get paid, life will go on to June 30th.    The reserves will be hit, and they have to make some significant cuts to move forward solvent.

Pick any-city-in-America and you will see the same thing being played out.  

Oh yeah -- the fun starts when LA's health insurance premiums jump 8-22% more than what they expected for FY11!!!  Woohoo, gimme some more of that hope and change everyone!!

[Tucker]

That site should be a safe haven for DUmmy's. It has this notice in their rules:

b) Stalking another member, whether individually or as a group is not acceptable.

What shall we do now?

[Allentownjake]

Ok -- they have the money in reserves too keep operating (chicken little, the sky looks pretty dark and dangerous, but it ain't falling yet).   Pissing match has ensued between DPW and the mayor over transfer of funds, which DPW will end up making.

Employees will get paid, life will go on to June 30th.    The reserves will be hit, and they have to make some significant cuts to move forward solvent.

Pick any-city-in-America and you will see the same thing being played out.  

Oh yeah -- the fun starts when LA's health insurance premiums jump 8-22% more than what they expected for FY11!!!  Woohoo, gimme some more of that hope and change everyone!!

It is just a matter of time when competing interest pull the trigger on each other.  Game theory says it is coming sooner rather than later.

[Allentownjake]

Sorry I hijacked your thread...btw any of you figure out how AIG went up in the sell-off yesterday

 

We live in interesting times.

[Allentownjake]

Oh and Skinner has that same Toomey advertisement on DU if you log on not as a member.

Funny I can't say something nice about Pat as a poster, but Skinner can take Pat's money.

 

[debk]

They need to cut spending, period.

They need to fund the vital services first and slash everything else to the bone, anything that is not 100% necessary should be abolished.

From what I heard on the news yesterday - day before?....police, firefighters, and other emergency personnel (ambulance, etc) services are not even under consideration for cutting.

The reporter said it would only be "non-essential" services that would be asked to go to a 3 day week.