Skip to comments.Analysis: Cities hit by recession ask voters to approve more debt
Posted on 10/08/2012 6:04:13 PM PDT by markomalley
Houston-area schools want to borrow $1.9 billion to modernize most of the high schools, while Seattle says it needs $290 million to upgrade a seawall protecting the downtown waterfront so it can withstand an earthquake.
San Francisco wants to sell $195 million of debt to repair and improve worn-out parks and playgrounds that it says have been "loved to death"
Voters in these and a number of other big U.S. cities -- some with already-high debt loads -- will decide on Election Day whether to borrow even more or face prospects for reduced services or higher taxes.
The United States needs $2 trillion of infrastructure upgrades, according to a 2011 report by the Urban Land Institute and Ernst & Young. Many of these roads, bridges, dams, water and sewer plants serve major metropolitan areas, but the recession left many cities struggling to pay for capital projects and services.
(Excerpt) Read more at news.yahoo.com ...
Spending ones way out of debt is just like trying to screw ones way out of AIDS
Until further notice (and for the past 10 years) I vote NO on ALL local and state tax increases . . . all of them . . . unless they’re for building more jails . . . not better ones, but more of them . . . that’s the only tax levy I’ll vote for . . . not even a levy for the Home for Wayward Girls Who Went All The Way!
Wouldn’t it be interesting to see congress publish an education budget and then award to money according to what schools actually perform?
Going tomorrow to vote in Birmingham, AL on $150 million bond referendum. Voting negatory which will be a complete waste of time. Doing it anyway.
The Ham is chock full of wards of the gubment so I expect it to pass with ease unfortunately.
With Jefferson County’s dept for the sewer project having been in the headlines for a couple years, these guys have cajones...
More cajones than sense unfortunately.
To be fair, the City and County are two different entities and the City is in good financial shape, but I just don’t see borrowing 150 mil right now.
Add on to that please a brand new baseball stadium being built downtown as we speak...
I’ve heard some rumors that we have a recession going on. Pretty sure I read about that somewhere.
If you watch the video behind the following, be sure to have a good look at the rioters—at their clothing, attitude, class, etc., while remembering that it’s Spain. And oh, yeah, it’s quite related to the post above this thread. Anyway, have a look at the near future for the (government-funded) middle and upper class of today.
Let This Be A Warning America: When the Riots Start the Governments Response Will Be Brutal *Video*
So let me get this straight.
After 4 years of the ‘shovel ready’ stimulus president ...
... who borrowed trillions of dollars to save ‘middle class and working class’ families ...
... we have Solyndra and ...
... 2 Trillion in infrastructure work to do? Seems to me Obama was favoring someone other than the middle and working class ‘regular folks.’
‘playgrounds that it says have been “loved to death” ‘
Translation: rusting away due to drunks/bums peeing on the equipment...
WE SPENT A TRILLION DOLLARS ON STIMULUS JUST THREE YEARS AGO, and O’Bumbler Pissed it all away on union hacks, teachers and firefighters, but i repeat myself.
We also have to remember that through the miracle of continuing resolutions to a non existing Democrat Senate budget, WE have budgetized the stimulus and niow spend an EXTRA BILLION A YEAR that we did four short years ago.
F-em, let the bridges fall, let the trains collide. A couple times and maybe heads will roll and this bureaucratic nightmare of AmeriKa will finally end and we can go back to the Constitution.
that would make an excellent slogan/sign.
“The Ham is chock full of wards of the gubment so I expect it to pass with ease unfortunately.”
Aren’t the permanent wlefare recipients so big-hearted to spend taxpayers’ money like that? Just another reason why anyone receiving government assistance shouldn’t be allowed to vote: If you rob Peter to pay Paul, you will always have the support of Paul.
Best gub mint is least gub mint.
Fire ALL unnecessary gub mint goobers