In response to:

Union Greed and Politician Apathy are Killing Cities

Nelson5 Wrote: Aug 14, 2012 7:38 AM
Who are the dang idiots that keep lending the money to the municiple morons? Who, then, is the greater fool?
oldnjal Wrote: Aug 14, 2012 7:52 AM
Bonds are tax exempt, if municipal, so they were attractive, but no more.
Reality cannot be denied, albeit delayed by deception.
And Democrats are continuing to deny that 'there is no free lunch'.
And, finally, they need to examine what proportion of spending is from the earnings of the rich, benefiting the none-producers, who are willingly so, and how far the rich people's wealth would go, if entirely confiscated. That was done in Cuba and look at Cuba now.
Dan107 Wrote: Aug 14, 2012 8:36 AM
The Obama plan does seem to be make all the rich poor so they become available for entitlement packages.

p>If you follow the rule in life to follow the money, the money trail increasingly is leading to a union pension, a union wage or a union contract. And it’s putting America’s cities out of business.

As more municipalities begin to eye bankruptcy proceedings as a way out of their financial mess, many believe that one great advantage of bankruptcy proceedings is that it will allow the nullification of fat union wages, pensions and other benefits that taxpayers in the private sector don’t get.

But if the example of Stockton, California serves as a guide, city officials would rather screw...

Related Tags: greed