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Localities Want U.S. To Support Muni Bonds
New York Times ^
| May 25, 2009
| Leslie Wayne
Posted on 05/25/2009 6:02:45 PM PDT by reaganaut1
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After Federal loans to state and local governments would come demands for loan "forgiveness", which will be conditioned on following the agenda of the Obama administration -- increasing taxes and not cutting spending.
America is in a downward spiral.
To: reaganaut1
>> All of the proposals are meant to help struggling state and local governments that are facing a cash-flow squeeze.
Spend less... struggle less.
Fire two thirds of your lazy greedy overpaid municipal employees. That would do it right there.
2
posted on
05/25/2009 6:10:34 PM PDT
by
Nervous Tick
(Stop dissing drunken sailors! At least they spend their OWN money.)
To: reaganaut1
How does shifting the deficit from the local and state level to Federal is a “stimulus” plan?
3
posted on
05/25/2009 6:11:46 PM PDT
by
John123
(Turn on your teleprompter Obama and read your lips... "No New Taxes!!")
To: Nervous Tick
Fire two thirds of your lazy greedy overpaid municipal employees. That would do it right there.Not likely.
Schultz's axion #1: Government jobs exist to provide a middle class lifestyle to otherwise unemployable people.
Schultze's axiom #2: Government jobs exist to employ democrat voters.
4
posted on
05/25/2009 6:19:17 PM PDT
by
Sgt_Schultze
(Si vis pacem, para bellum)
To: AdmSmith; Berosus; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; george76; ...
|
"[singing] It's muni, muni, muni makes the world go 'round..." |
5
posted on
05/25/2009 6:24:43 PM PDT
by
SunkenCiv
(https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
To: Sgt_Schultze
>> Not likely.
No, but one can dream. And rant.
6
posted on
05/25/2009 6:28:19 PM PDT
by
Nervous Tick
(Stop dissing drunken sailors! At least they spend their OWN money.)
To: reaganaut1
look for a lot of Republicans to jump on this bandwagon. Just a prediction.
7
posted on
05/25/2009 6:33:33 PM PDT
by
Puddleglum
(Obama's just another word for nothin' left to lose)
To: Sgt_Schultze
Bonds aren’t safe investments anymore,or so I’ve heard.
8
posted on
05/25/2009 6:41:22 PM PDT
by
RangerM
(Gotz-ta git me sum of them internets!)
To: reaganaut1
Barney Frank is heavily invested in Muni funds.
Yeah, they'll get fed bailout. Of course, the municipal governments will have to give up some of their autonomy to the Federal government but they will get their bailout.
9
posted on
05/25/2009 6:43:51 PM PDT
by
Ticonderoga34
(A Community Organizer is the 21st century version of a Ward Heeler.)
To: reaganaut1
Would federally guaranteed munis still be tax free forever, or will the IRS "discover" that a city/fed or state/fed bond is different from a strictly city or state bond, and is thus taxable?
10
posted on
05/25/2009 6:56:54 PM PDT
by
KarlInOhio
(No free man bows to a foreign king.)
To: reaganaut1
State and local governments are asking Washington to give them something that banks are trying to get rid of: federal bailout money. Imagine that.
All along I figured that smaller governments would be asking for federal assistance to find ways to cut costs to save their budgets.
They actually want to spend more.
Now THAT'S using the ol' collective noggin! /s
11
posted on
05/25/2009 6:59:29 PM PDT
by
EGPWS
(Trust in God, question everyone else)
To: reaganaut1
Most municipal appointees and politicians are liberal socialists, and they have large, expensive lobbies.
12
posted on
05/25/2009 7:12:45 PM PDT
by
familyop
(combat engineer (combat), National Guard, '89-'96, Duncan Hunter or no-vote, http://falconparty.com/)
To: reaganaut1
Even with the feds backing the bonds would be rated as junk.
13
posted on
05/25/2009 7:16:12 PM PDT
by
steveab
(When was the last time someone tried to sell you a CO2 induced climate control system for your home?)
To: reaganaut1
Hmm...So some cities want the federal government to buy their debt. That sounds like GM.
Then the debt would be artificially easy to get until the cities couldn’t pay. Then the whole thing collapses. That sounds like who the mortgage debacle occurred.
I’m betting the federal government does it. One should always bet the historical pattern.
To: Nervous Tick
"Fire two thirds of your lazy greedy overpaid municipal employees. That would do it right there." You must be a 'mean-spirited' conservative.
15
posted on
05/25/2009 7:17:45 PM PDT
by
blam
To: blam
>> You must be a ‘mean-spirited’ conservative.
Well, yeah, basically. But I prefer to think of myself as ruthlessly effective. :-)
16
posted on
05/25/2009 7:22:15 PM PDT
by
Nervous Tick
(Stop dissing drunken sailors! At least they spend their OWN money.)
To: reaganaut1
17
posted on
05/25/2009 7:24:01 PM PDT
by
blam
To: reaganaut1
Barney Frank has done such a superb job with everything else he has touched, I'm sure he will do so with this as well! /s
18
posted on
05/25/2009 7:24:35 PM PDT
by
kcvl
To: reaganaut1
several municipalities want bailout money to be used to cover more than $1 billion in losses from investments by municipalities in debt issued by Lehman Brothers, the investment bank that went bust. Here's a good ideal, get it from the people who ran Lehman Brothers into the ground and leave the tax payers out of it!!!!Like this one!!! Federal racketeering lawsuit against KB Home & Countrywide
To: SunkenCiv
LOL!
Mo’ munie, Mo’ munie, Mo’ munie!!
20
posted on
05/25/2009 8:34:57 PM PDT
by
headstamp 2
(Spay or Neuter your liberal today!)
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