- Thread starter superpunk
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Iceberg's bitch is bent out of shape now that the DCU newbs have figured him out already.
iceberg
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http://www.mediaite.com/tv/judge-na...ding-habits-of-now-bankrupt-californian-city/
On Fox’s America Live this afternoon, senior judicial analyst Judge Andrew Napolitano took on the news of how a judge ruled that Stockton, Calif., can become the first American city to declare bankruptcy by slamming the local government’s “reprehensible” spending habits that led to their dodging debt obligations via insolvency.
“Stockton is the beginning of a very long train,” Napolitano said before recalling all the various debts the city holds to other government bodies. “Where is the money going to come from?” he asked.
“This is reprehensible what the politicians did in order to get votes,” he continued. “How did they get votes? By giving lavish deals for people who will continue to keep them in office. They either never thought they’d run out of cash or the cash would run out not on their watch; and they also, of course, wrote laws that would benefit themselves because the politicians making these laws would themselves be pensioners some day. So these pensions are lavish and generous and noncontributory, comes from the taxpayers.”
what testament is luke in?
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No, but what's the point of pointing out that the State makes all that money when they're still in the hole, year after year and they outspend what they bring in?
iceberg
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i think the cities that are about to declare bankruptcy has a little to do with it also.
Bob Sacamano
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And Stockton, CA just declared bankruptcy.
You simply can not script this hilarity ie superpunk saying something and life totally smacking him in the face.
You simply can not script this hilarity ie superpunk saying something and life totally smacking him in the face.
It's not a surprise that happened to Stockton (they filed years ago)
It may come as a surprise to you that there are more cities in California than Stockton, however. Even more surprising to you may be that a city is a very different thing than a state.
It may come as a surprise to you that there are more cities in California than Stockton, however. Even more surprising to you may be that a city is a very different thing than a state.
iceberg
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http://finance.yahoo.com/blogs/dail...-bankrupt-tip-iceberg-says-fmr-155121281.html
San Bernardino, Calif., is the latest municipality to seek bankruptcy protection for its $45 million budget shortfall, following Mammoth Lakes and Stockton, which was the largest U.S city to ever go bust. Bankruptcy filings by these three California cities have raised questions about the scope of budget issues on the local level and whether there will be more.
"This is the tip of the iceberg for different reasons in different places," says Richard Brodsky, senior fellow at Demos.org and former 14-term New York State assemblyman. "The dynamic, the way it plays out, is going to be different and troubling wherever it occurs."
San Bernardino, Calif., is the latest municipality to seek bankruptcy protection for its $45 million budget shortfall, following Mammoth Lakes and Stockton, which was the largest U.S city to ever go bust. Bankruptcy filings by these three California cities have raised questions about the scope of budget issues on the local level and whether there will be more.
"This is the tip of the iceberg for different reasons in different places," says Richard Brodsky, senior fellow at Demos.org and former 14-term New York State assemblyman. "The dynamic, the way it plays out, is going to be different and troubling wherever it occurs."
jeebus
UDFA
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You are clearly a troll
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SP isn't a troll.
But he's clearly been brainwashed by the Obama's and Olberman's of the world.
ScipioCowboy
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Good ol' Olberdouche. I wonder what he's been up to lately.
jnday
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Unemployed? I hope so. I think he is a sorry excuse for a human being.
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I would concur. Same for his asshat lover Chris Matthews
MetalHead
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If they filed years ago,and filed again this week,what does that tell you?
The state of California is a suicidal state.