[PGalt]

Thanks for posting. Socialism Is Legal Plunder - Frederic Bastiat (1801-1850) - The Law

[adorno]

Yet all of them claimed their budgets were balanced

There is no such thing as debt, if you don't have to pay it back, or if there are no consequences and nobody forces you to pay that debt. It's the same with the federal debt. Who's going to hold the federal government accountable?

Plus, if the citizenry doesn't personally feel the debt with his/her own finances, then, they will keep voting into power those that will not do anything about the budgets and debt. Make people personally hurt by those budgets and debts. and things might change. Show people how much of their money is being used for things they didn't approve of, like paying for hotels and meals and living quarters and credit cards for the illegal aliens. Show them who in government is approving the budgets and debts, with actual figures, and perhaps the people will revolt.

Put the balanced budgets up for a vote during election cycles, and show who in government adds/added to the out-of-control budgets, and perhaps people will get directly involved.

[Carl Vehse]

Whatever they get under their control, the Demonicrats destroy!

[P.O.E.]

The city has only six cents saved up for every dollar it will need to spend on retiree healthcare.

Unless, of course, said retiree is murdered by an illegal. Then all they have to pay out is the $250 SS death benefit.

[logi_cal869]

Clickbait like this is worthless unless combined with an analysis of state-by-state debt as well.

[VTenigma]

Biden will go down in history as the best purveyor of the Cloward/Piven strategy in history. He will be exalted and revered by current and future Marxist/Communists in perpetuity.

[Flavious_Maximus]

How many of those urban hell holes are run by democrats? Probably ALL of them. I say let them starve. /spit

[Bon of Babble]

New York City has a taxpayer burden of $61,800, the largest by far despite being the most populous.

Maybe they can solve this by putting up illegals in luxury hotels and giving each of them cash cards worth up to $10,000 each.

[Bon of Babble]

Honolulu, Philadelphia and Portland, Oregon round out the five most burdened cities.

This is what happens when you drive off your tax base.

Can I have my Nobel Prize in Ecomonics now.

[ridesthemiles]

How damaging is all of this for Municipal Bond Sales???

[Twotone]

If you would like more information about what’s happening in Oregon, please FReepmail me. Please send me your name by FReepmail if you want to be on this list.

[Diana in Wisconsin]

Oh, Pish-Posh! Best. Economy. Ever. EVER! Per Brandon.

*SMIRK*

[VanShuyten]

“ Washington, D.C. was the healthiest of 22 cities with a taxpayer surplus. There would still be $10,700 left over for each taxpayer if the city paid all its debt.”

Their finances are so good that they found $550,000,000 to refurbish the Capital One Center so they could keep the Caps and Whizzers from moving to Virginia.

[Wuli]

And why shouldn’t so many U.S. cities be so far in debt, the U.S. Presdients and Congress have done far worse, and the citiies have just followed after them.