Posted on 04/07/2010 2:42:04 PM PDT by blam
Los Angeles Is About To Go Bust
Mike "Mish" Shedlock
Apr. 7, 2010, 2:26 PM
Yesterday I noted L.A. Controller Says City Could Run Out of Cash by May 5
After raising taxes and fees, again and again and again, the city is broke and Mayor Villaraigosa is blaming the city council for not hiking fees yet again.
Having run the city into the ground, Villaraigosa calls for shutting down some city departments amid budget crisis
Los Angeles Mayor Antonio Villaraigosa called Tuesday for all city agencies -- except for police, other public safety and revenue-generating departments -- to close for two days a week starting April 12 because of the city's continuing budget crisis.
"We have to act, and we have to act quickly," Villaraigosa said at a press conference.
Villaraigosa's call comes one day after executives with the city's Department of Water and Power said they would recommend not sending a promised $73.5-million contribution to the city's beleaguered treasury because the City Council recently declined to grant a desired electricity rate increase.
Union contracts and pension benefits are the biggest city problem and Villaraigosa is ignoring police and fire departments, the worst problems of the lot.
[snip]
(Excerpt) Read more at businessinsider.com ...
LA go bust..............ya think DeNozzo?
Enjoy!
The NEW ballad of Jed Clampett
Come and listen to a story ‘bout a man named Jed
Poor oil entrepreneur barely kept his family fed
Then one day he was working for some food,
And up through the crowd come a bumbling fool
(Arnold that is, RINO gold, more taxes please)
Well the first thing you know old Jed’s taxes are to much to bear,
Kin folk said Jed move away from there!
Said California is no place for you to be
So they loaded up the truck and they moved from Beverly
(go’n back to the Hills they are, fish’n holes, country and western stars)
Well now it’s time to say goodbye to Jed and all his kin
They would like to thank you folks for kindly dropping in
You’re all invited back again to their new locality
To have a heaping helping of their hospitality
(Redneck Hillbillies, is what the press call ‘em now,
Clingers of bibles and guns and to Obama no bow!
Nice folks Y’all come back now, ya hear?)
150,000 gang members
Disfunctional parts of the city (Compton, East LA, W. Hollywood)
3,000,000 illegal aliens
Huge taxes
Liberal environmental policies
Huge public pensions
A midget, philandering anchor baby mayor who cannot tax enough.
What could go wrong?
He is a bus driver going 60 miles an hour and suddenly realizing there is a stopped truck 50 feet in front of him.
Feel free to stomp on the brakes, for all the good it will do you. Hope your bus has air bags.
Popcorn, anyone? This is going to be good ....
They would rather fold than cut their salaries.
los Angleles, Detroit, Chicago, New York, San Fransisco, Boston, Newark, and on and on and on...
All cities run by by Demonrats for DECADES, and all of the bankrupt or on the the verge of bankruptcy. Exactly WTF is it going to take for the people of this country to pull their collective heads out of their a$$es and vote these immoral, evil, socialist pigs out of office FOREVER?! Unbelievable...
No wonder I can’t wait to get out of here!
By the way I’m getting my arsenal ready for when anarchy hits the streets.
If there’s going to be taxes, might as well raise the city’s sales tax and abolish all the others. That way the gangbangers and illegals pay into it.
“F” L.A. United States soon to follow. Thanks, leftists.
An arsenal won't help when anarchy hits the streets. Not being in the vicinity will, however.
4 flats so they shoot the motor...sounds like politicians all day
Let’s not forget the San Fernando Valley.
The Valley still provides a significant chunk of LA’s tax base.
For about 10 years now, there has been talk of actual secession from LA. There was an actual vote held back in 2002. It failed.
http://www.laalmanac.com/election/el22.htm
Unless the Valley has politically deteriorated as badly as the rest of the city, I have to imagine that they’ll perhaps again push to break free of LA. The hard part is letting the rest of LA allow them to leave.
ditto...
He is trying out the obama method of manufacturing a crisis. Maybe the public and the city council got wise to the fact that the 1000 employees he slated for layoff weren’t really going to be laid off afterall. Just shifted over to the DWP payroll.
LA to go broke.
AWESOME!
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.