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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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To: Kaslin; ZirconEncrustedTweezers

After Dunder Mifflin went belly-up it was all downhill.


21 posted on 12/16/2014 9:54:27 AM PST by Ready4Freddy
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To: Kaslin

It’s been tough times ever since Dunder-Mifflin closed.


22 posted on 12/16/2014 10:14:37 AM PST by dangus
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To: Old Sarge
Scranton is Bob Casey Jr's. hometown, our empty suit U.S. Seantor. If Philadelphia is the armpit of our Commonwealth, then Scranton would be the anus.

It is also the home of the judge and prison contractors convicted in the cash for kids scandal; juveniles were being sent to lock-up on penny ante charges like skipping school to the lock-up facility could keep it full and bill the county.

Guess which party overwhelmingly dominates local politics.

23 posted on 12/16/2014 10:30:26 AM PST by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Vigilanteman

Bring back the Spaulding Krullers and Butterscotch Krimpets to Scranton and problem solved! LOL!


24 posted on 12/16/2014 10:56:28 AM PST by donozark (Andrea Chalupa:"Ukraine is fighting for survival. The UN is fighting for relevancy.")
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To: Kaslin
The only ones left living in Scranton PA will be fools and bagholders.

The retired cops & the retired firemen will move to the Sunny South, out of the reach of the Scranton taxing authorities. LOL! :)

25 posted on 12/16/2014 11:39:38 AM PST by kiryandil (making the jests that some FReepers aren't allowed to...)
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To: MHGinTN; 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.

Did they go long oil? LOL! :)

26 posted on 12/16/2014 11:44:25 AM PST by kiryandil (making the jests that some FReepers aren't allowed to...)
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To: kiryandil

They went long on “slick”: )


27 posted on 12/16/2014 11:55:07 AM PST by stephenjohnbanker (The only people in the world who fear Obama are American citizens.)
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To: Kaslin

Once they are bankrupt, Slow Joe will say he is from somewhere else.


28 posted on 12/16/2014 11:55:56 AM PST by exit82 ("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
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To: Kaslin

Pensions need to be fully self-funded


29 posted on 12/16/2014 12:04:34 PM PST by GeronL (Vote for Conservatives not for Republicans)
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To: Presbyterian Reporter

Too true; the costs of government workers (not just their current salaries, but their benefits and future pensions/benefits) have ruined NJ.

Anyone thinking of buying a home or opening a business here should be presented with an IOU they have to sign (for full disclosure); those government workers are an albatross around the necks of future generations for perpetuity.


30 posted on 12/16/2014 1:21:25 PM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: I still care

I understand the position of retirees, and the promises made to them, but in the end what can one expect when so many young people have such bleak futures in part because they have to fund those retirements?

We’ve gone past class warfare to generational warfare; this is where the dwindling white population will really be noticed.


31 posted on 12/16/2014 1:23:30 PM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: Kaslin
made the retirees among the highest paid in Pennsylvania

There are tens of thousands of 50 to 55 year old retired union members out golfing everyday in retirement earning 80k to 120k in retirement for life with full healthcare. Now, to fund something like that the person would have had to save around 3 million dollars in their 401k, reducing current income for self earned retirement benefits. BUT NO, unions coerced willing politicians that in exchange for votes the pols do somethig easy and simple, boost defined pension retirement benefits for unions. Easy, becuase the ticking time bomb would explode decades away and the pols themselves would be golfing in Palm Beach. It should have been illegal, but the best thing that can happen now is a severe reduction in "promised" benefits. Fortunately pols can't easily raise taxes to fund these underfunded DB plans becuase the math doesn't work. The alternative is to let the plans go bankrupt and provide the pensioneers the location of the politicians retirement home.

32 posted on 12/16/2014 1:28:35 PM PST by 1Old Pro
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To: kidd

When did James Connors switch parties ?


33 posted on 12/16/2014 3:11:11 PM PST by fieldmarshaldj (Resist We Much)
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