The Comedian's "Economic Holocaust" ping list...
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 12/21/2010 4:17:16 PM PST by Zuben Elgenubi
2011 will be the year of the municipal default. At least that's what analysts like Meredith Whitney predict, as do bond investors that have been fleeing the muni market.
There are many reasons to be worried. First, the expiration of Build America Bonds will make it harder for cities to raise funds.
(Excerpt) Read more at businessinsider.com ...
Cincinnati has been a RAT bastion for decades. Hamilton County was RED until 10 years ago. Since then, RATS have even taken over the County Commission. Cincinnati used to be THE model of professional City Manager form of government. That started eroding in the 70s, and today, it is run by UBER-RATS who have under-funded pensions for decades so they could buy votes. Their spending habits are as bad as Detroit. It’s a disgrace.
Stupid, but true.
What,Cleveland’s not on the list?
All the Union jobs and the rest are all going to other countries. YEAH NAFTA working real well for Mexico and the United States. (Sarcasm off)
We were sold the B.S. line that it was going to make us all prosperous. Now look at Mexico it’s a failed state according to the Pentagon and CIA. Look at the trouble our country is in. Mexico is freaking disaster.
You really are a one trick pony, aren't you?
You isolationist antitrade union loving folks are all wet.
The Democrat Party and the democrat party alone is responsible for the current economic debacle. Acting in concert across state (Eliot Spitzer Attorney general Of New York) and Federal lines ( Barney Franks and Chris Dodd) The banking business was forced to self destruction.
To talk of NAFTA being a problem is ludicrous in comparison.
Only 16?
$2tn debt crisis threatens to bring down 100 US cities
Overdrawn American cities could face financial collapse in 2011, defaulting on hundreds of billions of dollars of borrowings and derailing the US economic recovery.
snippet..
More than 100 American cities could go bust next year as the debt crisis that has taken down banks and countries threatens next to spark a municipal meltdown, a leading analyst has warned.
Meredith Whitney, the US research analyst who correctly predicted the global credit crunch, described local and state debt as the biggest problem facing the US economy, and one that could derail its recovery.
“Next to housing this is the single most important issue in the US and certainly the biggest threat to the US economy,” Whitney told the CBS 60 Minutes programme on Sunday night.
“There’s not a doubt on my mind that you will see a spate of municipal bond defaults. You can see fifty to a hundred sizeable defaults – more. This will amount to hundreds of billions of dollars’ worth of defaults.”
http://www.guardian.co.uk/business/2010/dec/20/debt-crisis-threatens-us-cities
Well some don’t see this as bad even though there’s been fraud ...
Banks Look to Profit on Muni-Bond Fears
http://online.wsj.com/article/SB10001424052748704862604576029722777299778.html
Bank of America Muni Bid Rigging Payments May Be `Tip of the Iceberg’
Purely coincidental, dontchyaknow.
Are unions really the only "intelligent" organism that will crap in its own bed?
Therefore, a New, Improved BAB issue(s) will be fronted to bail out favored Blue cities and then Blue states. No one buys? Never fear, the Feds will snap them up.
To paraphrase Marx... Public Debt is the Opium of the Masses...
It's really become something of a spam issue here on the forum. Like an annoying commercial that keeps popping up on your TELEVISION screen.
I've suggested to Frantzie that she start her own blog, if she feels that passionate about the subject. She really needs to stop spamming the forum with the same blather day and night.
Merry Christmas
God bless us, every one!
Except for the evil bastards dedicated to our enslavement: May the New Year bring them disease, pain, insanity, and defeat. More so. They've earned it. 
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.