Comments on: Bankruptcy Series: Cities on a future spending spree

By: eatingdogfood

eatingdogfood — Thu, 15 Nov 2012 03:23:55 +0000

Democrats + Unions = Bankruptcy!

By: Tough Love

Tough Love — Wed, 14 Nov 2012 15:45:38 +0000

Quoting …”Because it is an existing pension plan, the refinancing doesn’t require voter approval.”

Knowing a bit about finance, while I don’t know if the above quote is accurate, it’s IS ridiculous.

If voter approval IS indeed needed to incur new debt, the fact that new debt is associated with an existing pension Plan is irrelevant. It’s this connection is true, clearly another Public Sector Union swindle of the Taxpayers.

POB’s are a horrible idea both financially, and because they foster the INCORRECT conclusion that pension reform is either not needed or can be addressed at a later date.

Quite likely, when you begin discussions of issuing POB’s, it’s ALREADY too late (to avoid insolvency)

By: Rex the Wonder Dog!

Rex the Wonder Dog! — Tue, 13 Nov 2012 00:07:44 +0000

Hi Teddy 😉

I am still sick from Nov , but slowly gettingbetter 🙂

By: California Cities on A Devastating Future Spending Spree — California Political Review

Mon, 12 Nov 2012 16:55:39 +0000

[…] Lusvardi writes for CalWatchDog. Originally posted on CalWatchDog.) Share this:FacebookTwitterEmailDiggRedditStumbleUponPrint Filed Under: Top […]

By: Queeg

Queeg — Mon, 12 Nov 2012 05:41:36 +0000

Poodle take your meds!

By: Rex the Wonder Dog!

Rex the Wonder Dog! — Sun, 11 Nov 2012 16:40:27 +0000

Teddy, what is a “SERIOUS DEM”….. ???

By: Hondo

Hondo — Sun, 11 Nov 2012 15:14:56 +0000

There is no more money left to steal. You have to have a big enough economy to pay for all those promises you made to the voters. 10% unemployment in Kali won’t fund the entitlements. I’m guessing you’d have to get under 5%.
Running as Santa Claus may win you elections but they don’t balance the budget. The big tax increases in 09 by the dems and AAAAnold here in Kali lead to bigger deficits now. The same with the Illinois tax increases last year. That led to huge deficits again this year.
Don’t count on the House republicans giving any bailouts to Kali or Illinois. The Northeast was wiped out by Sandy and they will be getting all the bailouts. With this fiscal cliff coming up, there ain’t much left to go around. The repubs will bail on Kali before they bail on military spending.
Hondo……..

By: Queeg

Queeg — Sun, 11 Nov 2012 05:19:26 +0000

You own property……taxes will surely rise.

By: Ted Steele, The Decider

Ted Steele, The Decider — Sat, 10 Nov 2012 02:55:46 +0000

Poodle—for you it’s not “can’t winnem (sic) all”……..it’s more like can’t win them AT all !

Poodle– 0 for 14 ™!

Wrong since 2007 ™

By: Rex the Wonder Dog!

Rex the Wonder Dog! — Sat, 10 Nov 2012 00:00:29 +0000

so how is a SERIOUS dem different from other dems 😉