After Detroit, who's next? [Oakland, Philly..]

Yahoo Finance (WSJ) ^ | July 22, 2013 | WSJ

[kevcol]

Take Oakland, which is Detroit's doppelganger on the West Coast. The run-down Bay Area city, which has the highest crime rate in California, recently laid off more than 100 police to fund retirement benefits and pension-obligation bonds.

Murders and robberies shot up by nearly 25% last year. To avert steeper cuts, the city borrowed an additional $210 million to finance pensions.
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Philadelphia is spending about 20% of its budget on pensions to make up for years of short-changing the system.

[cableguymn]

liberal rich people who can (and in most cases will willingly) be taxed to the gills if needed to keep the city solvent.

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One day I saw a liberal with his hands in his own pockets.. Never mind the fact that I am in Minnesota and it was -25 out.

Rich liberals are the tightest bunch with their money bar none. They’ll leave before they fork out more.

[roadcat]

What Oakland has that they don’t is many beautiful neighborhoods full of lots of liberal rich people who can (and in most cases will willingly) be taxed to the gills if needed to keep the city solvent.

Indeed. One of my daughters lived in one of those ritzy Oakland neighborhoods for years before recently moving. I couldn't believe all the fancy stores, restaurants, and crowds of (non-black) people spending money without worry. A few miles away it's the opposite story.

[2banana]

Who is next?

Any city with:

Public unions + huge free sh*t army + long term democrat rule