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America's Largest Cities Are Practically Broke (actually, most of them are completely wiped out)
Forbes ^ | January 29, 2019 | Mayra Rodriguez Valladares

Posted on 01/30/2019 3:14:06 AM PST by Zakeet

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To: Zakeet

When you factor in all the pension obligations, all these cities are really bankrupt. This is one big reason why they are rabid about Trump: Trump is not going to go for a bailout.


41 posted on 01/30/2019 7:37:22 AM PST by PapaBear3625 ("Those who can make you believe absurdities, can make you commit atrocities." -- Voltaire)
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To: Zakeet

The pols know they are in deep trouble. They have been feverishly enrolling almost all new hires into basically 401k’s instead of their defined benefit plans. If they can survive the next 20-25 years they will come out OK. It’s just the next couple of decades will be a severe financial strain on cash flow.


42 posted on 01/30/2019 7:38:22 AM PST by 1Old Pro
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To: Bobalu

The problem there is that, these mentally-challenged idiots metastize to other states to get away from their own stupid results created by their stupid policies, thereby spreading and destroying other locations.


43 posted on 01/30/2019 8:29:39 AM PST by SgtHooper (If you remember the 60's, YOU WEREN'T THERE!)
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To: sphinx
Would the poor flock to green leafy suburbs and scare suburban soccer moms and commuters? That depends on whether there are enough entry level jobs in a given suburban neighborhood to lure them. And if the jobs are there, the poor should be able to live reasonably close. The next time you visit a big suburban mall or office park, ask yourself if the sales clerks, clerical employees and maintenance staff can afford to live close enough to get there without a car. There's part of your answer.

This would never work. The "poor" take their bad habits with them and will quickly proceed to crap in their new nest.

We moved to the suburbs to get away from such people and if they come here we will merely move even further away. and the malls etc will end up looking just like the inner city.

The only answer is to reform them where they live. Kill those who commit violent crimes. Cut them off from the government teat so they HAVE to work or starve. (If they steal, kill them). Get them used to working again.

44 posted on 01/30/2019 10:51:47 AM PST by John O (God Save America (Please))
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To: FreedomPoster

It is not “on the sly” here in NJ; it is “does your proposed development include the required 10% of units set aside for affordable housing?”

Again, fortunately there isn’t much space to build around here (about a dozen miles west of NYC). They’ve built some along the Meadowlands/swamp, but I don’t think they have much room for children. The impact would be immediate, though; our school taxes would go even higher quickly (which is why they are farming the welfare populations out to begin with - stick healthier suburbs with their bills).


45 posted on 01/30/2019 1:40:47 PM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: sphinx

Our big malls are on bus routes already.

Dispersing the welfare populations just crushes the municipalities that receive them; you basically add more school taxes (already 75% of our highest-in-the-nation property taxes) without additional tax base. Concentrating the welfare class in cities allowed viable suburbs to thrive in the rest of the state; spreading them around will only destroy those areas. If there was a “free market” in housing, none of these people would live in the NYC metro area; it is too expensive for many working people, so there is no reason to artificially inject non-working people into it.


46 posted on 01/30/2019 1:45:34 PM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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