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SCRANTON RUNS OUT OF MONEY, Cuts All City Salaries To Minimum Wage(down to $5K)
Business Insider ^ | 07/10/12 | Mike "Mish" Shedlock

Posted on 07/10/2012 5:23:34 AM PDT by TigerLikesRooster

SCRANTON RUNS OUT OF MONEY, Cuts All City Salaries To Minimum Wage

Mike "Mish" Shedlock, Global Economic Trend Analysis|Jul. 10, 2012, 7:11 AM

Scranton, Pennsylvania's, the state's sixth-most-populous city (population of 76,089 in 2010 census), is down to its last $5,000 and has no way to pay salaries.

The mayor wants an immediate tax hike of 29% and 78% over three years. In every sense of the word, Scranton is bankrupt.

NPR reports Scranton's Public Workers Now Paid Minimum Wage

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: budget; economy; scranton
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To: TigerLikesRooster

Is Scranton changing it’s name to Obamaville??


41 posted on 07/10/2012 8:10:54 AM PDT by DTogo (High time to bring back the Sons of Liberty !!)
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To: TigerLikesRooster

Maybe some of them will get them a real job but i doubt it, they might have to have a little self responsibility if they did that.


42 posted on 07/10/2012 9:05:41 AM PDT by ravenwolf
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