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Scranton Pennsylvania on the Road to Bankruptcy
Townhall.com ^ | December 16, 2014 | Mike Shedlock

Posted on 12/16/2014 8:23:06 AM PST by Kaslin

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1 posted on 12/16/2014 8:23:06 AM PST by Kaslin
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To: Kaslin

” The 2011 court ruling that awarded huge raises and millions of dollars in back pay to Scranton firefighters and police officers was a windfall for retirees too, with some seeing a more than 80 percent hike in their pensions between 2008 and 2012, a Times-Tribune investigation found.”

As UNIONS rule, cities go bankrupt.

Guaranteed.


2 posted on 12/16/2014 8:27:52 AM PST by stephenjohnbanker (The only people in the world who fear Obama are American citizens.)
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To: stephenjohnbanker

Last time I looked, Scranton/Wilkes-barre is nothing but a Noo Yawk exurbia. Another Leftist enclave.

Let it go full Detroit. They deserve it.


3 posted on 12/16/2014 8:31:23 AM PST by Old Sarge (Its the Sixties all over again, but with crappy music...)
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To: Kaslin


4 posted on 12/16/2014 8:32:10 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Kaslin

Until the voters come to the realization the government employees at the federal, state, and local level are the largest and most effective lobby group in the nation, this overpayment of salary and benefits will only get worse.

Furthermore, the bankruptcy courts are siding with the employees and giving them full pensions and no salary reductions when a city does go bankrupt.

We need to clean government house and it starts at the local level by electing people who will cut the size of government, number of employees, salaries, and benefits.

Big government is bankrupting the taxpayer.


5 posted on 12/16/2014 8:35:27 AM PST by Presbyterian Reporter
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To: Old Sarge

Let em eat bankrupt pensions.


6 posted on 12/16/2014 8:40:25 AM PST by stephenjohnbanker (The only people in the world who fear Obama are American citizens.)
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To: Kaslin
"I'll Save Scranton!!!"


7 posted on 12/16/2014 8:42:38 AM PST by mylife
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To: Kaslin

Scranton has had a democrat mayor since 2000.
The mayor prior to that was a RINO who switched parties (from RINO to Democrat), so they haven’t had a Republican mayor for 25 years.


8 posted on 12/16/2014 8:43:09 AM PST by kidd (What we have now is the federal gruberment)
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To: Kaslin

Score another one for Da Union!


9 posted on 12/16/2014 8:43:51 AM PST by Obadiah
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To: stephenjohnbanker
Look at the Complete Annual Financial Record. I would bet they are way in the black with their investments. Fiduciary planning has them having used the compounding of interest for a loooong time, so they are not bankrupt by any means don’tchaknow. Check what they have invested in and hold as assets.
10 posted on 12/16/2014 8:44:13 AM PST by MHGinTN
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To: Kaslin

I do feel bad for retirees. You are retired, and your life is based on your previous earnings. In your seventies, it’s not as if all people can rectify what government can do with a stroke of the pen.

The problem with government is that everything IS a stroke of the pen, and it drops on you like a brick. You spend your life preparing for a set outcome, and then somebody suddenly says, oh, you can’t do that, and boom, you are sunk.

I blame the taxpayers of PA who unhesitatingly, without deviation, for years and years and years still vote for every blue politician that comes along and rapes their pocketbooks. They elected this mayor, correct? Who promised them this? Even this year, when almost every state put the brakes on, PA still voted left.


11 posted on 12/16/2014 8:44:29 AM PST by I still care (I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
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To: Kaslin

Ain’t no party like a Scranton party cause a Scranton party don’t quit.

- Michael Scott


12 posted on 12/16/2014 8:47:45 AM PST by SoCal Pubbie
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To: stephenjohnbanker

The politicians that made the pension increase deal were undoubtedly elected with union money so they were just doing what the unions elected them to do, taxpayers be da**ed.


13 posted on 12/16/2014 8:48:31 AM PST by Rusty0604
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To: Kaslin

“Better keep those hefty pensions in place or we’ll let a dozen Michael Browns push you around and then burn this b*tch down.”


14 posted on 12/16/2014 8:50:28 AM PST by Fester Chugabrew (Even the compassion of the wicked is cruel.)
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To: Kaslin

Yes, we have no bananas,
We have no bananas today

Yes, we have no bananas,
Bananas in Scranton, P A


15 posted on 12/16/2014 8:51:38 AM PST by Autonomous User (During times of universal deceit, telling the truth becomes a revolutionary act.)
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To: Kaslin

16 posted on 12/16/2014 8:53:03 AM PST by ZirconEncrustedTweezers (Nothing is sometimes the right thing to do, and always a wise thing to say.)
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To: Autonomous User


17 posted on 12/16/2014 8:54:14 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Kaslin

it’s them banananananana...nas
(I know how to spell it, i just don’t know when to stop)


18 posted on 12/16/2014 9:07:18 AM PST by camle (keep an open mind and someone will fill it full of something for you)
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To: Kaslin

They’ve never recovered from the banana accident.


19 posted on 12/16/2014 9:10:30 AM PST by discostu (The albatross begins with its vengeance A terrible curse a thirst has begun)
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To: Kaslin

Scranton PA - Birthplace of Hugh E. Rodham and Joe Biden.


20 posted on 12/16/2014 9:16:21 AM PST by PJammers (Quis custodiet ipsos custodes?)
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