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To: SeekAndFind
About time some public sector workers had to face the music. Private sector workers have been cutting back for years. Wait till they find out they can’t just raise taxes and fix it.
2 posted on
07/10/2012 7:32:42 AM PDT by
STYRO
(Do not accept unconstitutional government as legitimate government.)
To: SeekAndFind
I get the feeling that Scranton won’t be alone in taking this action for very long.
It looks like the hens are coming home to roost.
3 posted on
07/10/2012 7:33:33 AM PDT by
basil
(Second Amendment Sisters.org)
To: SeekAndFind
Maybe Scranton Joe Biden can help...
To: SeekAndFind
Stockton, California; Scranton, Pennsylvania, are or will be officially bankrupt.
Let the liberals weigh in. Is the solution more and more tax hikes, or is the solution to cut public spending?
I’m critical of liberals on these tax and spend issues, because they don’t seem to grasp reality. They don’t seem to understand that you can’t simply always increase taxes to get money to pay for public spending. The liberals wail about cuts to public spending, and they wail that such cuts are an attack on public employees, an attack on the poor, etc.
With a mindset that one hates public employees and hates the poor, if you would like to see a balanced budget in our public spending, shows how out of touch some liberals are.
To: SeekAndFind
You don’t borrow to meet payroll. If you do, you’d better have a re-structuring plan ready to reduce costs ready to go. Doesn’t sound like Scranton city council has one.
6 posted on
07/10/2012 7:35:58 AM PDT by
Tallguy
(It's all 'Fun and Games' until somebody loses an eye!)
To: SeekAndFind
Ah, liberalism.
For those to whom even elementary mathmatics is like quantum physics.
Guess those “leaders” never figured out that comzintas have to be equal to or greater than goezouttas in order for things to keep functioning.
Shove it up your smelly Obamas, Scranton.
7 posted on
07/10/2012 7:36:24 AM PDT by
Da Coyote
To: SeekAndFind
Who is John Galt Meredith Whitney?
To: SeekAndFind
We brought our son to the Univ. of Scranton on the 5th for a tour of the campus - it’s a nice place and he liked it very much and is now on his short list. I wonder if the town will become like Detroit by the time he has to make a decision.
11 posted on
07/10/2012 7:41:48 AM PDT by
capydick
(''Life's tough.......it's even tougher if you're stupid.'')
To: SeekAndFind
So what actually happens to a city that is bankrupt? Has this happened before?
12 posted on
07/10/2012 7:42:06 AM PDT by
stuartcr
("When silence speaks, it speaks only to those that have already decided what they want to hear.")
To: SeekAndFind; Kartographer
this is how collapse starts.
Prepper ping?
16 posted on
07/10/2012 7:47:59 AM PDT by
vanilla swirl
(searching for something meaningfull to say)
To: SeekAndFind
Lefties don't understand the concept of "we are out of money."
They don't understand the concept of money, period.
17 posted on
07/10/2012 7:47:59 AM PDT by
E. Pluribus Unum
(Government is the religion of the sociopath.)
To: SeekAndFind
Like most other northern cities they probably have more former fire, police, public employees on retirement/disability pay living high on the hog down in Florida than actively working in the city. That will bankrupt any city —
To: SeekAndFind
Will Scranton be listed on Ebay soon?
20 posted on
07/10/2012 8:03:58 AM PDT by
Jack Hydrazine
(It's the end of the world as we know it and I feel fine!)
To: SeekAndFind
while the council wants the city to borrow money. The Scranton Times-Tribune reported there’s no way for the city to take out a loan because it is unable to show it is capable of paying it back.
Council apparently cannot connect the dots. Maybe the council would lend their retirement money to the city?
30 posted on
07/10/2012 9:08:36 AM PDT by
PeterPrinciple
( (Lord, save me from some conservatives, they don't understand history any better than liberals.))
To: SeekAndFind
There is a takeover/attempt of takeover of Detroit's finances by the Michigan state gov. While I can see why a lot of the locals are not happy about it, I think this article gives credence why this might have to happen from time to time.
31 posted on
07/10/2012 9:09:17 AM PDT by
nerdwithagun
(I'd rather go gun to gun then knife to knife.)
To: SeekAndFind
The Democrats know how to fix this. The problem for them is that if they cut government workers, then they can’t be sure that those new private sector workers will give money to the Democrats.
32 posted on
07/10/2012 9:11:30 AM PDT by
blueunicorn6
("A crack shot and a good dancer")
To: SeekAndFind
I hear Dunder-Mifflin is hiring...
33 posted on
07/10/2012 9:25:27 AM PDT by
Lou L
(Health "insurance" is NOT the same as health "care")
To: South Hawthorne; brityank; Physicist; WhyisaTexasgirlinPA; GOPJ; abner; baseballmom; Mo1; Ciexyz; ..
PA Ping!
If you want on/off the PA Ping List, please freepmail me. Thanks!
34 posted on
07/10/2012 9:37:53 AM PDT by
randita
To: SeekAndFind
Sending out paychecks ever two weeks costs a lot. Paying once a month would cut out half the staff, cut postage and handling and supplies, and would leave the city's money in the bank to earn interest. Sure, it may not be much in the larger scheme of things but paying every two weeks is one of the wastes that should have been stopped long ago.
35 posted on
07/10/2012 9:41:10 AM PDT by
bgill
To: SeekAndFind
Atlas-——errr Biden Shrugged.
Other peoples money just isn’t supposed to run out but be tapped into infinity.
37 posted on
07/10/2012 9:47:44 AM PDT by
tflabo
(Truth or tyranny)
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