Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

If Economy Is Recovering, Why Are U.S. Cities Going Bankrupt?
TMO ^ | 3-10-2012 | EWI

Posted on 03/10/2012 4:36:36 AM PST by blam

click here to read article


Navigation: use the links below to view more comments.
first 1-2021-4041-45 next last
They laughed at Meredith Whitney for predicting this.
1 posted on 03/10/2012 4:36:38 AM PST by blam
[ Post Reply | Private Reply | View Replies]

To: blam

Survey of big cities and who is in control or was in control for years....rats, there’s your answer.


2 posted on 03/10/2012 4:40:16 AM PST by ronnie raygun (B B)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ronnie raygun

Still spending.


3 posted on 03/10/2012 4:42:36 AM PST by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
[ Post Reply | Private Reply | To 2 | View Replies]

To: blam

Our State Fair just went bankrupt. Chapter 7. Talking about a State Fair going bankrupt may seem trite in comparison to all the other businesses that are failing, but it is a great “sign of the times” and the signs all point to a lousy economy.

Obummer can stand up in front of the people and lie about the economy all day (and night) long ..... but until the American people are LIVING the recovery, the recovery “ain’t happening” regardless of any numbers Obummer quotes.


4 posted on 03/10/2012 4:43:40 AM PST by MissMagnolia (Being powerful is like being a lady. If you have to tell people you are, you aren't. (M.Thatcher))
[ Post Reply | Private Reply | To 1 | View Replies]

To: ronnie raygun

“Survey of big cities and who is in control or was in control for years....rats, there’s your answer.”

Disagree. It is and was and always will be George Bush’s
fault.

/SARCASM/


5 posted on 03/10/2012 4:45:10 AM PST by ripley
[ Post Reply | Private Reply | To 2 | View Replies]

To: MissMagnolia

“Obummer can stand up in front of the people and lie about the economy all day (and night) long...”

That he can, and the press will back him up.

IMHO


6 posted on 03/10/2012 4:47:55 AM PST by ripley
[ Post Reply | Private Reply | To 4 | View Replies]

To: blam

You spend more than you take in, you go broke.

It’s not rocket science.

The real trouble is Democrat tax policy, which simply assumes you can take whatever you want from people and no one will complain.

Lenin pioneered this way of thinking, with results that are amply documented by history.

The Russians could not vote the commmissars out of office, and that’s how the communists stayed in power for so long.

No doubt Obama and his minions would like to suspend voting, too, and perhaps he will invent some excuse for doing so.


7 posted on 03/10/2012 4:48:58 AM PST by Jack Hammer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jack Hammer
Handicapping The Collapse
8 posted on 03/10/2012 4:53:09 AM PST by blam
[ Post Reply | Private Reply | To 7 | View Replies]

To: blam

> If Economy Is Recovering, Why Are U.S. Cities Going Bankrupt?

Because they’re run by democRATS.


9 posted on 03/10/2012 4:53:41 AM PST by Westbrook (Children do not divide your love, they multiply it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ronnie raygun
Jefferson County Alabama got into this mess trying to adhere to a federal judge's order to build more sewer lines.

There are a number of good stories on the net about this mess.

10 posted on 03/10/2012 4:58:39 AM PST by muawiyah
[ Post Reply | Private Reply | To 2 | View Replies]

To: ripley

The thing is .... it’s gotten so bad that the press cannot put money in pockets, food on the table, gas in the car, and make the mortgage payments. I have really started hearing, enough times in the last couple of days to make my ears perk up: “I can’t take another 4 years like the last 4 .... I won’t survive another 4 years of Obama in office.”

I don’t carry how good the economy numbers sound, if you aren’t LIVING good numbers, the rhetoric is going to start falling on deaf ears .... long way to go yet, but IMHO it’s starting to catch up to Obummer. And yes, the press will shamelessly lie and continue to ride the Obama pony & feed it apples & carrots all the way to Obummer’s defeat ... or re-election.


11 posted on 03/10/2012 4:59:16 AM PST by MissMagnolia (Being powerful is like being a lady. If you have to tell people you are, you aren't. (M.Thatcher))
[ Post Reply | Private Reply | To 6 | View Replies]

To: MissMagnolia

As much as I hate to see things go under, it would not hurt my feelings if the state fair here in Columbia SC would go away.


12 posted on 03/10/2012 5:00:16 AM PST by wally_bert (It's sheer elegance in its simplicity! - The Middleman)
[ Post Reply | Private Reply | To 4 | View Replies]

To: blam

Uuuuuhhh, they spent more than they took in?


13 posted on 03/10/2012 5:08:27 AM PST by jennings2004 (57 states? Kansas or Texas? American geography is so complicated....:)))
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

It’s the socialism, stupid. Corrupt, evil, UNaccountable bureaucracies (socialist constructs) and the minions/co-conspirators/enablers/useful idiots.


14 posted on 03/10/2012 5:08:33 AM PST by PGalt
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

I’ve started to notice quite a few radio commercials about XYZ insurance co. guaranteeing municipal bonds. “Rock solid”...”never lost a penny”, etc.

You seldom, if ever, heard them way back when. I wonder if they’re starting to get scared and are trying to avert a massive bond dump by Grandma.


15 posted on 03/10/2012 5:09:57 AM PST by SnuffaBolshevik (In a tornado, even turkeys can fly.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MissMagnolia

Fellow from Atlanta made that exact statement on Rush’s program yesterday.


16 posted on 03/10/2012 5:10:31 AM PST by jennings2004 (57 states? Kansas or Texas? American geography is so complicated....:)))
[ Post Reply | Private Reply | To 11 | View Replies]

To: muawiyah
Jefferson County Alabama got into this mess trying to adhere to a federal judge's order to build more sewer lines.

A goodly portion of Jefferson County's problems lies in county officials playing silly games with the financing.

Several of them went to prison for accepting bribes related to said financing.

Curiously, no bankers associated with arranging said financing and paying those bribes ever went to prison.

Here's a representative sample of a description of some of those "silly games with the financing":

JP Morgan And Alabama Swaps.

17 posted on 03/10/2012 5:12:44 AM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: DuncanWaring
The judges, the politicians, the bankers, the contractors ~ maybe even the surveyors, ought to go to prison on the Jefferson county deal ~ or maybe just appear before a People's Militia for disposition or something.

Whatever can be done down there should be done so that OTHERS don't imagine that they, too, have invented a new and foolproof way to steal!

18 posted on 03/10/2012 5:20:14 AM PST by muawiyah
[ Post Reply | Private Reply | To 17 | View Replies]

To: blam

Cities?????? We don’t need no stinkin’ cities!!!!


19 posted on 03/10/2012 5:20:44 AM PST by hal ogen (1st Amendment or Reeducation Camp?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam
Add to the cities’ debt , the federal one at 17 $ trillion , exploded by democrat Obama’s 5 trillion borrowed.

Over 100 trillion in unfunded liabilities, massive state ,local and federal debt, massive consumer debt and much more.

That this society will collapse is a mathematical certaintity. Any fool can see that but the media lies ans says the economy is improving: NO we are living off of and on debt.And Obama borrowing 5 trillion instead of cutting government and implementing austerity measures now ensures a collapse. Palin wanted to cut government spending and drill for oil. The liberal media called her dumb and many believed it. But she would have still won.And who is dumb now?

20 posted on 03/10/2012 5:22:22 AM PST by rurgan (Make all laws have an expiration date of 3 years. too many laws is the problem)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-45 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson