Video: Los Angeles faces bankruptcy

July 10, 2012

By Brian Calle

28 comments

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  1. Dyspeptic
    Dyspeptic 10 July, 2012, 14:32

    I can’t wait for The System to implode. Just wish I could get out of Dodge ahead of the bankruptcy tsunami. Kalifornia is heading towards Wisconsin times ten, except there ain’t no Scott Walker here to take on the union puppet masters.

    Like I keep saying, things will get a lot worse here before they get any better and thats if they get any better. Anyone want to buy a circa 1955 ranch style tract home that needs a new roof and driveway? Priced to sell!

    Reply this comment
  2. Rex the Wonder Dog!
    Rex the Wonder Dog! 10 July, 2012, 21:32

    Richard Riordan said this 3 years ago-and HE is the one responsible since he gave away the 3%@50.

    Reply this comment
  3. Rex the Wonder Dog!
    Rex the Wonder Dog! 10 July, 2012, 22:56

    San Bernardino votes to files for bankruptcy protection!!!!!!!!!!!!!!!

    THE SKY JUST FELL TEDDY :)

    Reply this comment
  4. Donkey
    Donkey 10 July, 2012, 23:24

    You know Rex, smart people have been saying that the current RAGWUS system was going to meet up with Mr. Math and fold like a house of cards.

    :)

    Reply this comment
  5. Donkey
    Donkey 11 July, 2012, 06:05

    There is absolutely no certainty to events as long as there is a willingness to ponder what is happening. Remember these words as one California city after another files for bankruptcy. We need to get our spending under control at every level of government. The problem we have is not with too little taxation, it all comes down to the greedy RAGWUS members.

    We have reached the point in our history as a state where the taxpayers recieve far less in return for the services we fund. While the feeders that dwell in these RAGWUS cabals rack in evil amounts of cash. I know of two FF’s and three cops that have retired, yet are still working and will for the next five years. They are having their pension money put in a tax-free fund which they recive when their five years are up. Who comes up with these scams????? :)

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  6. Ulysses Uhaul
    Ulysses Uhaul 11 July, 2012, 07:18

    The usual gloom buddies out dancing on hurting the down and out government workers. you feel real good!

    Reply this comment
  7. Donkey
    Donkey 11 July, 2012, 08:33

    UH, the truth of the thieving RAGWUS is starting to roll. There is going to be a revision of what the takers are stealing from the makers. It’s too bad that greed creeped into the minds of the RAGWUS, we were once the greatest state in the U.S. 😉

    Reply this comment
  8. Ulysses Uhaul
    Ulysses Uhaul 11 July, 2012, 09:25

    Carpetbaggers from Michigan moved in and ruined your right wing nightmare.

    Reply this comment
  9. Ted Steele, The Decider
    Ted Steele, The Decider 11 July, 2012, 09:29

    Good lord– another non information non news piece that says nothing—- then the usual doom lads—–zzzzzzzzzzzzzzzzzzz

    and I loved the “unfunded” pension throw away line—– like it’s all due today! Like no reform is happening……zzzzzzzzzzzzzzzzzzzzzzz

    Mr. Math, meet Mr. Bad Blog-Fake Journo meet Mr. Teabaggy

    Ted (Troll Slave Master)

    Reply this comment
  10. Rex the Wonder Dog!
    Rex the Wonder Dog! 11 July, 2012, 09:57

    Ulysses Uhaul says:
    July 11, 2012 at 9:25 am
    ===
    Ted Steele, The Decider says:
    July 11, 2012 at 9:29 am

    Teddy- you are posting under your sock puppet too close in time again, it gives oyu away so easily, why make oit so obvious???? 4 minutes hahahahhahhahaha
    😉

    Reply this comment
  11. Ted Steele, The Decider
    Ted Steele, The Decider 11 July, 2012, 12:41

    Poodle— I am him…he is me…….get used to it!

    LOL

    Poor troll !

    Reply this comment
  12. Ted Steele, The Decider
    Ted Steele, The Decider 11 July, 2012, 12:41

    Or am I ?

    Hmmmmmmm

    Reply this comment
  13. Rex the Wonder Dog!
    Rex the Wonder Dog! 11 July, 2012, 13:56

    yes you are!

    Reply this comment
  14. Ulysses Uhaul
    Ulysses Uhaul 11 July, 2012, 15:40

    Your pack n ship buddie is genuine. I can mail you at your single wide in Newberry Springs my glow in the dark, secret compartment decoder ring.

    Reply this comment
  15. Ted Steele, The Decider
    Ted Steele, The Decider 11 July, 2012, 16:24

    U Haul—- You remain…. The King!

    We live in his tiny, vacant, paranoid, head.

    Reply this comment
  16. Rex The Wonder Dog!
    Rex The Wonder Dog! 11 July, 2012, 16:31

    wow, at least Teddy waited 45 minutes between his sock puppet comments :)

    Reply this comment
  17. Ted Steele, The Decider
    Ted Steele, The Decider 11 July, 2012, 16:45

    no, 5 min…..You never know little friend……they may all be me….. mmmmmmmm

    Reply this comment
  18. Rex the Wonder Dog!
    Rex the Wonder Dog! 11 July, 2012, 22:21

    We know THEY are ALL you fool, just like at the OCR when you went all ape crazy when I called out all your sock puppets and u said I worked for the OCR and knew someone in the OCR who confirmed it for you…………LOL, funniest stuff ever.

    Reply this comment
  19. Ulysses Uhaul
    Ulysses Uhaul 11 July, 2012, 23:12

    The trailer park twins laugh at their own jokes. That’s ok….they give us emotional relief in a complicated world!

    Reply this comment
  20. Rex the Wonder Dog!
    Rex the Wonder Dog! 12 July, 2012, 00:05

    LA is next

    Reply this comment
  21. Ted Steele, The Decider
    Ted Steele, The Decider 12 July, 2012, 06:42

    Poodle— you must be confusing me with another blog buddy little buddy !

    Maybe you are remembering when they kicked you off the ocr?

    mmmmmmmmmmmmmmmmmmm

    Reply this comment
  22. NTHEOC
    NTHEOC 12 July, 2012, 09:12

    Read a little about the city of vallejo BK,lol!!!!
    Vallejo was in a similar bind when it filed for bankruptcy four years ago. Now Mayor Osby Davis wonders if the painful road to recovery was worth the cost.The Bay Area city of 112,000 was forced to shut down two of its fire stations and today fixes just 10% of its crumbling roads. Its workforce, including police and firefighters, is about half its pre-bankruptcy size and those people left are “insanely” overworked.
    Meanwhile, Vallejo spent $10 million on legal fees. It ended up with employee contracts that Osby thinks the city could have struck more cheaply if it had stayed out of bankruptcy court and turned to the bargaining table.
    His advice to other cities on the financial brink? Don’t do it.
    I’m sure there’s a few more “GHETTO” cities that the politicians have mis- managed financially,but overall the majority of cities in california will not go the BK route!!!Btw rex,police and fire are essential services that will never really be slashed like you want!!!!

    Reply this comment
  23. NTHEOC
    NTHEOC 12 July, 2012, 09:22

    Dyspeptic says,
    there ain’t no Scott Walker here to take on the union puppet masters
    ========================
    That’s right Dyspeptic,No Scott Walker here!! Unlike Gov Walker our Gov has a college degree and is not in the pockets of big business private sector puppet masters! Hey Dys, why did Scott Walker leave out police and fire in his pension and collective bargaining reform???

    Reply this comment
  24. NTHEOC
    NTHEOC 12 July, 2012, 09:27

    Hey Brian Calle,
    Where’s the story on L.A county passing their budget? Balanced,no cuts!! There are many more cities like that to!!! But hey,the “”CHICKEN LITTLE”” Doom and Gloom is much more up your ally!!!!!!

    Reply this comment
  25. CalWatchdog
    CalWatchdog Author 12 July, 2012, 10:19

    NTHEOC: Thanks for the info that Gov. Walker doesn’t have a college degree. I didn’t know that. My opinion of him has risen greatly.

    You also wrote, “Where’s the story on L.A county passing their budget? Balanced,no cuts!! There are many more cities like that to!!!”

    County? City? Which are you talking about? You mixed them up.

    As to Los Angeles *City*, Brian Calle has written about it being near bankruptcy, quoting former Mayor Richard Riordan:
    http://www.calwatchdog.com/2012/04/30/los-angeles-teeters-on-the-brink-of-bankruptcy/

    But so has the liberal Huffington Post:
    http://www.huffingtonpost.com/2012/04/07/los-angeles-bankruptcy_n_1410230.html

    — John Seiler

    Reply this comment
  26. NTHEOC
    NTHEOC 12 July, 2012, 13:16

    You also wrote, “Where’s the story on L.A county passing their budget? Balanced,no cuts!! There are many more cities like that to!!!
    =============
    I was talking about LA county. I was just wondering why all that is talked about is the negative,yet there are cities and counties that are balancing budgets and not cutting services to. And I still would like an answer as to why the watchdogs poster child Scott Walker left police and fire out of his reforms? Hmmmmmm!!!!

    Reply this comment
  27. Ted Steele, The Decider
    Ted Steele, The Decider 12 July, 2012, 17:53

    NTHEOC—- LOL— good questions— of course these guys LOVE to ignore that point!

    Oh my…

    Reply this comment
  28. Rex The Wonder Dog!
    Rex The Wonder Dog! 12 July, 2012, 19:43

    yes, good point showing LA City 1 year from complete BK meltdown :)

    Reply this comment

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