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Camden NJ, Fires Entire Police Force; Why Cities are Going Bankrupt

TomM5 Wrote: Aug 10, 2012 9:23 AM
I suspect the spike has something to do with redevelopment. Here in my town (I live in Minnesota, but it could be anywhere) the city has decided to spend tax dollars to buy up properties, some of which are in poor condition. They tear down the homes and sell off the properties to developers at rock bottom prices and then the developer builds McMansions that don't fit in the neighborhood. Suckers buy up the houses in the "revitalized" neighborhood in 2008 and by 2010 they are complaining to the city that some of their neighbors aren't rich snobs like they are. So the city buys up more property, to sell at a loss to developers.
TomM5 Wrote: Aug 10, 2012 9:25 AM
The McMansions probably were completed in 2008 and spiked the values when they are sold. Now the owners are underwater and they will probably be sold by the banks at a fraction of the original price. What a great thing for the economy.
Magna Wrote: Aug 10, 2012 9:36 AM
Better than the "Free" homes they were giving away here to the those who qualified as poor folks -heck I did at one time and no one gave me a free home or thousands of free dollars for a down payment-and they wonder why we can not get out from under this housing market bubble -with all of the these and the mortgage garbage that Barney Frank and Dodd played and the Banks were involved with -they should have let the Housing bubble burst -gradually if need be as it did in the late 70's and early 80's and let it be done -like ripping off a Band-aid once it is done it is over instead of lingering on.
Magna Wrote: Aug 10, 2012 9:47 AM
And all of these cities that are are going Bankrupt due to pensions and salaries and poor management -all are using Liberal fiscal policies of failure applied at a Local government level and then it seeps up to the state level like a virus -it is a mindset with these people -Pixie Dust Ideas and Unicorn Fantasies that are not pragmatic in the real world of Government and wish for the general populace -us taxpayers to pay for the these flights of fancy until they realize one day there is no more money in the coffers!

In an effort to rein in costs, the city of Camden NJ will fire its entire 270 member police force and instead will use Camden County officers.

Mayor Dana Redd and Police Chief Scott Thomson noted that for the same price, Camden can have 400 county officers on staff. That is nearly a 50% increase in the number of officers for the same price.

Of course the unions are howling.

In these cases, the county typically hires most or...

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