Posted on 04/07/2010 2:42:04 PM PDT by blam
Los Angeles Is About To Go Bust
Mike "Mish" Shedlock
Apr. 7, 2010, 2:26 PM
Yesterday I noted L.A. Controller Says City Could Run Out of Cash by May 5
After raising taxes and fees, again and again and again, the city is broke and Mayor Villaraigosa is blaming the city council for not hiking fees yet again.
Having run the city into the ground, Villaraigosa calls for shutting down some city departments amid budget crisis
Los Angeles Mayor Antonio Villaraigosa called Tuesday for all city agencies -- except for police, other public safety and revenue-generating departments -- to close for two days a week starting April 12 because of the city's continuing budget crisis.
"We have to act, and we have to act quickly," Villaraigosa said at a press conference.
Villaraigosa's call comes one day after executives with the city's Department of Water and Power said they would recommend not sending a promised $73.5-million contribution to the city's beleaguered treasury because the City Council recently declined to grant a desired electricity rate increase.
Union contracts and pension benefits are the biggest city problem and Villaraigosa is ignoring police and fire departments, the worst problems of the lot.
[snip]
(Excerpt) Read more at businessinsider.com ...
Well, that might be true but it isn't the real story. The real story is that Democrats are CORRUPT. These governments, like most in the nation, are run for the benefit of politicians, not the people. The grease that moves the gears are kickbacks to the politicians...kickbacks from unions, from consultants and from contractors. How do you think that politicians (gee, hmmm, like maybe Obama) become multi-millionaires practically overnight. It sure as hell isn't by working as community organizers for non-profit organizations.
Have surtaxes on legal fees. Tax the lawyers, get rich in LA.
No problem.
Ah, yes! I remember the heady days here on FR when RINOld Schwarzandtaxer was the solution!
Tom McClintock and his band of Tomikazes were haters. HATERS!!! Forget balancing the budget and cutting away the fat. TOM CAN’T WIN!!! What Cahleefornya needed was a Kennedy-connected Movie StarSTAT! He’d solve every problem by working with the donkies to borrow their way to prosperity.
That was the sharp, wizened, considered, SMART opinion right here on THIS Free Republic!
Ya reap what ya sow!
Corrupt works for me, just fine.
Great post, BTW. That great line about Arnold got my blood bloilin’ again! LOL!
The bigger the bust, the bigger the bra!
Let’s get with it Gaucho.
When we transition from ballots to bullets, the gun Nazis aren’t going to give you time to shop. Most of us have our weapons and ammo for social use & and our gear and you’re talking about getting your “arsenal ready”? I have a soft vest on the way and a hard one in the closet good for .223 and 7.62.
The president as king and Congress as his rubber stamp: socialized medicine. Next, amnesty and cap & trade. VAT. Gun confiscation. Some day we will either get out the way or get in their way.
People get ready.
“Mayor Villaraigosa is blaming the city council for not hiking fees yet again.”
His next move will be to demand a bail-out from Greece.
......AND THE PLOT THICKENS.........
It's there.
here’s an idea... cut the cities welfare spending!
make that.."longing for free stuff".
The result? The result you can see ... the people who graduated in the 60's, dropouts or half-baked intellectuals, are now occupying the positions of power in the government, civil service, business, mass media, and educational systems. You are stuck with them. You can't get through to them. They are contaminated. They are programmed to think and react to certain stimuli in a certain pattern [alluding to Pavlov]. You cannot change their mind even if you expose them to authentic information. Even if you prove that white is white and black is black, you still can not change the basic perception and the logic of behavior.
-Yuri Bezmenov, KGB Defector
50-some years of feeding the weeds will choke out the cash crop.
It's good to be king.......
I bet 99.9999 % of these hires are political appointments
I can hardly wait. More popcorn.
Don’t forget my favorite - what I call the TV watching fee and they call the Electronic Waste Recycling Fee.
If you buy a TV in CA you have to pay extra. Frankly, that would make me so mad I would move.
“3.Which sales and products are subject to the fee?”
Effective January 1, 2005, the fee is due on the retail sale or lease of a new or refurbished* CED that has a screen size of more than 4 inches measured diagonally. CEDs include:
Televisions that contain cathode ray tubes.
Computer monitors that contain cathode ray tubes or use liquid crystal displays (LCD).
Laptop computers.
“Bare” cathode ray tubes or any other product that contains a cathode ray tube.
Televisions containing LCD screens, which includes any device containing an LCD display greater than 4 inches measured diagonally (viewable size), that has television tuner capability and can process a broadcast, cable, or satellite transmitted television signal (added July 1, 2005).
Plasma televisions (added July 1, 2005).
Portable DVD Players with LCD screens (added July 1, 2007).
You know why!...San Fernando Valley is were the Hollywood rich lives (Encino, WestHills, Westwood etc.)I work in San Fernando Valley, Chatsworth area and you would not belive how many Ferrari's, Lambos, Maybachs, Maserati's and other assorted exotic cars are driving thru the neighborhood. Beverly Hills is nothing!
Homes/Condos are starting at a "low" 1.5 Mil's.
I remember reading right after cell phones became available (they were expensive) that the hottest selling item in LA was FAKE cell phones.
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