Comments on: Special Series: Broke Municipalities Look to Bankruptcy Option

By: Bankruptcy Series: What are the alternatives to bankruptcy … | understandingbankruptcy.net

Mon, 12 Nov 2012 12:48:27 +0000

[…] Note: This is the Ninth in a CalWatchDog.com Special Series of in-depth articles on municipal […]

By: SkippingDog

SkippingDog — Wed, 14 Mar 2012 07:08:20 +0000

Where are you working these days, Rex?

By: Rex The Wonder Dog!

Rex The Wonder Dog! — Tue, 13 Mar 2012 05:07:30 +0000

The public employees Beelz still think that they are going to be receiving those multi million dollar pensions-but in reality it is now just a pipe dream. There is simply NO WAY they can be paid b/c #1) they are so large and #2) they start at such a YOUNG age. I mean where on earth did those public scammers think they could get million dollar pensions for HS grads at age 50???? Who came up with that scam????? And it is a scam. That would never happen in real life-it could ONLY happen in the fantasy-land of government employment, nowhere else.

But it is still much harder for the private sector, where wages today are LOWER than they were 12 years ago-in 2000. The average wage in America is lower today than in 2000. That is how screwed up we are today. And public safety salaries went up 97% from 2000-2010.

By: Beelzebub

Beelzebub — Tue, 13 Mar 2012 04:46:25 +0000

For the last 25 years the nation’s growth has been dependent upon bubble economics. That can last only so long before it blows sky high. We are back into a stock market bubble today. There is no way that the stock markets reflect real productivity and growth. The only reason we are at DOW 1300 is because of BAILOUTS, ZIRP, QUANTITATIVE EASING and BORROWING FROM CHINA et al.

They have to try and keep the stock market moving higher since the pension funds rely on RETURN ON INVESTMENT. They can’t do it legitimately – so you are seeing massive manipulation.

You are witnessing a FAKE ECONOMY.

When they lose control and it crashes – watch the hell out. Next time it’s not going to rebound.

That’s when your pensions go ***POOF***!!!!

By: Rex The Wonder Dog!

Rex The Wonder Dog! — Tue, 13 Mar 2012 01:53:43 +0000

Actually, Beelzebub, you’ll find it was that sharp-shooting’ conservative Republican Dick Cheney who told all of us that deficits don’t matter and, not only that, but Reagan had proven it to be true.

That was a huge mistake, running GIANT budget deficits. We were actually running TWO huge spiraling deficits under Ronnie Raygun, trade and budget. We also found out “trickle down economics” was just a scam to make the rich richer and the poor poorer. I honestly believe that Raygun felt it was deficit, but of course it is not. The poor and middle class received PUNY tax cuts, of 5%-10%, while the rich received 35% or more in tax cuts in the time period.

Although the period of 83-88 was prosperous, the USA went from the largest CREDITOR nation in the world to the largest DEBTOR nation in the world, a title we still, and always will, hold.

By: Rex The Wonder Dog!

Rex The Wonder Dog! — Tue, 13 Mar 2012 01:47:55 +0000

Rex, you are really a mangy dog. I feel sorry for you.

seesaw, that made me cry…….and I thought I was your friend 😉

By: SkippingDog

SkippingDog — Tue, 13 Mar 2012 01:39:51 +0000

Actually, Beelzebub, you’ll find it was that sharp-shootin’ conservative Republican Dick Cheney who told all of us that deficits don’t matter and, not only that, but Reagan had proven it to be true.

By: SeeSaw

SeeSaw — Tue, 13 Mar 2012 00:00:31 +0000

Rex, you are really a mangy dog. I feel sorry for you.

By: Rex The Wonder Dog!

Rex The Wonder Dog! — Mon, 12 Mar 2012 22:26:11 +0000

Hi Teddy, you want some more smack down I see 😉

By: Ted Steele-- Poodle slayer

Ted Steele-- Poodle slayer — Mon, 12 Mar 2012 21:59:47 +0000

Rexy Poodle—- must you post the same old denial drivel everywhere you go? Skip the dog has once again schooled you on the con law aspects—- are you still simply unabl;e to grasp the concepts? kinda sad boy!