[Wings-n-Wind]

From "salad days" to deeeeeep kimchi...

IMO....

[freedumb2003]

>>Detroit has been taken into receivership by Michigan. A plan under discussion is to level a fourth of the city and reconvert it into the pasture and farmland it used to be a century ago<<

Asimov’s Trantor (after the fall) comes true thousands of years early.

[Red Badger]

Salad Days of the Public Sector Are Over

Now is time for 'Just Desserts'................

[dfwgator]

Monty Python - Salad Days
http://www.youtube.com/watch?v=M1-NpyaOWV0&feature=related

[conservative sympathizer]

I think it’s time for “claw backs”.

[chrisser]

Cities and counties have no way out of the vicious cycle

I'm not entirely sure this is true.

Real leadership, along with fiscal discipline and a good dose of honesty coupled with plainly presented facts, could go a long way to solving these problems.

A good part of the voting public would go along with the real reform that could fix these problems if they had a reason to trust that those elected to run the municipalities were acting responsibly rather than just running another fiduciary scam.

[4Liberty]

The party's over for collectivist thugs.

[cuban leaf]

Back in 2007 people were accusing me of being a doom and gloomer. If I had back then, gotten in my delorian and travelled to today, grabbed this story and took it back to 2007, it would be proof that all the doom and gloom was right.

But things change slowly, and people adapt. It is just the new normal, now.

But the fact is, that we ARE in World Depression two (WDII). This article as well as the news about foreclosures, jobs, europe, China (Millions of tons of steel sitting in boats waiting to be sold), etc. is there for everybody to see.

The Great Depression was not called the Great Depression by the world culture until the 1950’s. What will this be called 30 years from now?

And this is only just beginning to unwind. That’s it! It can be called the Great Unwind of the civilized world.

[schu]

Enter the Fed ....

So this is the real question, what will the Fed do? The “Fed complex” of central bankers and money center financial institutions are not in favor of printing money. They own massive amounts of debt lent at very low rates and they have little desire to see this money eaten up by inflation.

The politicians are (or will be when the economy starts sliding) for the most part in favor of additional “stimulus”. The Repubs will do a better job spreading the money around than the Bamster, but it is free money however you look at it. Bamster’s stimulus was a handout to the public sector unions, hence it did not have a lot of positive effect on the economy.

Plus, we have reached the point of debt saturation.

So, will the politicians prevail and either garner the political support for cheap money or twist Bennie's arm to print more? Or will we continue down the political stalemate path and slip into deflationary depression?

Either way, we are facing a 1930s like economic calamity ... and we have yet to see the worst of it.

sschu

[Rinnwald]

The “Reagan-Clinton prosperity”?

[ridesthemiles]

“the engine won’t turn over’........

Vapor lock from all the Obama & Democrat hot air.

[rurgan]

Pat Buchanan ran for President. He is right today and was right 12 years ago when Pat said the illegal immigration was an invasion and that we shouldn’t trade with China.

[Daveinyork]

I wouldn’t bet on it.

[Daveinyork]

I wouldn’t bet on it. The public sector will let civil order collapse completely before they will stop feathering their nests.