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To: blam
how many are due to union pensions??? screw-em!!!

they didn't think twice about extorting ruinous wages and pensions so we shouldn't think twice about telling them to go pound sand

better the corrupt union workers go broke than the hard working people that live there and are forced to pay their extortion

33 posted on 03/22/2012 4:58:10 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Chode
an ugly precedent

Key West Goes Bankrupt

The city celebrated the Fourth of July, 1934, by declaring itself bankrupt. Key West surrendered all its legal powers to the state. Florida had problems of its own, so it passed the island kingdom off to the federal government.

Julius Stone Jr. was appointed to turn Key West around. He decided to turn Key West into a tourist mecca. Stone was an arrogant, high-handed administrator. Many things he did were illegal and it is apparent that he continually bypassed democratic procedures.

Julius Stone, Jr., an unlikely and at the same time perfect choice to solve the dilemma. Stone held a Ph.D. in organic chemistry from Harvard, was a wizard at playing the stock market (at least until 1929), and a member of a wealthy Ohio family of manufacturers. He was also a New Deal administrator and before his contradictory career ended, a lawyer, con man, embezzler, tax cheat and fugitive from the law. He brought many of these diverse skills into play to transform the poorest city in America into a world-famous tourist Mecca.

.

35 posted on 03/22/2012 5:07:09 PM PDT by Elle Bee
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To: Chode
an ugly precedent

Key West Goes Bankrupt

The city celebrated the Fourth of July, 1934, by declaring itself bankrupt. Key West surrendered all its legal powers to the state. Florida had problems of its own, so it passed the island kingdom off to the federal government.

Julius Stone Jr. was appointed to turn Key West around. He decided to turn Key West into a tourist mecca. Stone was an arrogant, high-handed administrator. Many things he did were illegal and it is apparent that he continually bypassed democratic procedures.

Julius Stone, Jr., an unlikely and at the same time perfect choice to solve the dilemma. Stone held a Ph.D. in organic chemistry from Harvard, was a wizard at playing the stock market (at least until 1929), and a member of a wealthy Ohio family of manufacturers. He was also a New Deal administrator and before his contradictory career ended, a lawyer, con man, embezzler, tax cheat and fugitive from the law. He brought many of these diverse skills into play to transform the poorest city in America into a world-famous tourist Mecca.

.

36 posted on 03/22/2012 5:07:42 PM PDT by Elle Bee
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