In response to:

5th Largest City in US is Effectively Bankrupt

willi4 Wrote: Apr 18, 2013 7:58 AM
I only hope we are there to pick up the pieces when the whole country goes down. If we fail to rally a real Representative Republic again, we will be consumed by the beasts of the world. The old Republic still stands and many people are standing by to fill those positions in that government when the time comes. It is all legal and all waiting according to the Constitution of the United States, not the US Constitution. The corporation that has been playing government for too long is finally out of options and will be bankrupt. It's time that the people learned the truth.
El_Loco_JP Wrote: Apr 18, 2013 8:44 AM
As long as the half of the electorate that pays no income taxes (i.e. welfare vote) continues to dominate our electoral process and we continue re-re-re ... elect welfare pandering politicians, our Republic is doomed. The solution is twofold: Disenfranchise non-income taxpayers and impose term limits on all elected offices.

You know a city is in deep trouble when its mayor invites Wall Street but not the press and not private citizens to a closed meeting to discuss the future, including a sell-off of city assets.

Philadelphia Mayor Michael Nutter, whose municipality has the lowest credit rating of the five most-populous U.S. cities, did just that.

My translation: Philadelphia is bankrupt. However, that easily discernible fact will of course be denied until it officially happens.

Please consider Philadelphia Holds Closed Meeting With Wall Street

Philadelphia Mayor Michael Nutter,...