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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (789148)	6/11/2014 2:39:15 AM
From: i-node	Read Replies (1) \| Respond to of 1576184

>> The only city of consequence on that list is Oakland which has a long history of financial problems and will continue to have them for the foreseeable future. San Jose has financial reserves but is experiencing a grown pension burden. The rest on your list are inconsequential. Fresno is inconsequential? >> You do realize at any given moment in time there are communities in financial trouble. Yes, there are, but these problems are far bigger than we've seen in the past, due to public sector unions and ballooning unfunded pension obligations. Last year, Rahm announced that Chicago's current deficit of 340M will be 1.6 B in 2016 because of pension obligations. This is happening in large Blue cities around the country. No one is talking bankruptcy in Chicago yet, but it is a matter of time. LA is not out of the woods yet, and NYC has major problems with something like 70B in unfunded pensions. These are very serious problems, particularly when combined with the trillions in unfunded debt of SS & Medicare. >> Your craziness scares me at times. As someone who actually understands finance talking to someone who doesn't, I can understand how you might think it sounds crazy. It is just impossible that liberal management has driven these cities into fiscal disasters, right? >> The concept of it takes spending money to make money flies right over your head. No, it does often take money to make money. But tax money never, ever makes money. EVER. Tax dollars are ALWAYS, 100% of the time, spent less efficiently than taxpayers would have spent it. In this case, corrupt liberal politicians have made promises that cannot conceivably be kept.

To: tejek who wrote (789148)	6/11/2014 4:01:06 AM
From: Bilow	1 Recommendation Recommended By steve harris Read Replies (1) \| Respond to of 1576184

Hi tejek; Re: "The only city of consequence on that list is Oakland which has a long history of financial problems and will continue to have them for the foreseeable future. San Jose has financial reserves but is experiencing a grown pension burden. The rest on your list are inconsequential."; I don't have a dog in this hunt, but as far as the size of these cities, don't forget Fresno: (#3) San Jose (#5) Fresno (#8) Oakland en.wikipedia.org And the list is not complete. Stockton (#13), San Bernardino (#17) are already bankrupt. So looking at the top 20, five are TU which is a hell of a lot. -- Carl P.S. I was surprised to see that Mission Viejo(#75) is also bankrupt. And they're not exactly heavily dominated by Democrats: Of the 56,286 registered voters in the city, 31,090 (55.2%) are Republicans, 14,319 (25.4%) are Democrats, 8,790 (15.6%) declined to state political affiliation, and the remaining 2,087 (3.8%) are registered with a minor party. en.wikipedia.org

To: tejek who wrote (789148)	6/11/2014 8:31:27 AM
From: steve harris	1 Recommendation Recommended By one_less Read Replies (1) \| Respond to of 1576184

ted, you should stop digging the hole you're in..... bastions of leftyism are disasters, you can't defend them.....

To: tejek who wrote (789148)	6/11/2014 2:07:39 PM
From: Tenchusatsu	2 Recommendations Recommended By Bilow i-node Read Replies (1) \| Respond to of 1576184

Ted, The only city of consequence on that list is Oakland which has a long history of financial problems and will continue to have them for the foreseeable future. San Jose has financial reserves but is experiencing a grown pension burden. The rest on your list are inconsequential. Oakland has long been a stronghold of liberal activism. San Jose should NOT be teetering in and out of bankruptcy, given the tech boom, yet there they are. Compton and Fresno are NOT inconsequential. They are major cities, Compton being the center of the African-American community in Los Angeles and Fresno being one of the biggest blue-collar cities away from the coast. Tenchusatsu