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Bleak macro numbers do point to more trouble if communities can't get their spending and pensions under control.
1 posted on 09/29/2012 9:22:38 AM PDT by whitedog57
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To: whitedog57
Can these communities be salvaged? Of course, either new revenues have to be raised (taxes), budgets cuts (workforce and pensions) or a combination of both.

California must enact the following in order to survive (but they refuse):

1. Vastly reform welfare, education, and medical payments to illegal; the state must work with the new Romney administration to deport illegals, and to stop paying every bill for the children of illegals

2. Reform overly generous state pensions; these were promises made to unions that were not even realistic when they were made during the "good times" - they are absolutely null and void today given economic realities


2 posted on 09/29/2012 9:42:23 AM PDT by SkyPilot
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To: whitedog57

Pretty soon there will be no police and fire and other public services and all the tax money will just go to CalPERS.


3 posted on 09/29/2012 10:29:08 AM PDT by Uncle Chip
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