Socialism does run out of money, every time.
Posted on 07/20/2013 8:56:28 AM PDT by rhema
Just think. Chicago is $97 billion in debt and just got a credit downgrade.
Chicago, another cesspool of corruption. They’re next. Should we start a pool?
You must not Dishonor the Chimp. Err.. Chief.
What did you think I meant? Dubya?
A CessPool?
BEAUTIFUL!
These cities large and small have some astounding debt. People tell me that those cities have a tax base to support it but if you’re $100 billion in debt, your tax base isn’t doing a very good job of supporting it.
Our cities are trillions of dollars in debt. There is probably a trillion dollars in municipal debt in the northeast alone.
Detroit voters got what they wanted. Now their taxes can rise to pay for it.
Leave us taxpayers outside Detroit out of the problem.
Well, that’ll be a good trick or a very long stagger....I’d bet all of the copper wire and probably a lot of the light posts have been stolen and sold out for scrap...hahahahahahaha
But their Mayors, their staff, their “friends” bask in the constant shower of Money, Money and MO Money. They don’t give a whit’s damn about the city’s future, never did. Get some bodyguards, a limo and driver, a big ole fat paycheck and all you can steal under the table, put your a$$ in a nice mansion the city unknowingly bought for you, stash some cash and what the hell do you care.
America’s URBAN cities since circa the 1970s....
I thought the song “Detroit City” or “I Wanna Go Home” was about returning to the south.
Aptly applies here.
I'm betting on Illinois, I read recently that we are #1 in unfunded obligations, even ahead of looney California.
You go, Illinois!
The last I heard, Suze Orman was saying, "buy muni bonds". Of course I quit watching her about a year ago.
Only fair sized cities issue muni bonds. How many "fair sized cities" are not run by democrats?
This guy summarizes Detroit well. And OBama will bailout Detroit.
Geez, will somebody please start identifying the common denominator:
Detroit goes bankrupt - Democrats
Chicago going bankrupt - Democrats
Illinois going bankrupt - Democrats
California going bankrupt - Democrats
Social Security going bankrupt - Democrats
The US 16 trillion in debt - okay, let’s see if anybody can figure it out
It past time to cut off the "bar tab" for the "Takers".
Regards,
GtG
Socialism does run out of money, every time.
Hard to tax an EBT card.
We could use Detroit as a live fire range for Military Operations in Urban Terrain (MOUT) and an impact area for MI Army National Guard artillery and Air National Guard close air support training. Otherwise, just nuke Detroit and turn it into a national shrine for the nut case Environmentalists.
of course Obie will bailout DET-roit and then cities and states across America will demand the same and he can INVEST trillions and trillions of deflating dollars into vote buying. Democrats will be hailed as heroes for the 2016 election - our last before the Great Fall
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