superpunk

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sounds like something boring people would say. Live that shit up. You can't take money with ya.
 

NoDak

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Frankly it's insulting that you people drop that shit all the time. Either discuss or don't but stop questioning my motives. I've been running this place long before any of you got here.

:lol

Iceberg's bitch is bent out of shape now that the DCU newbs have figured him out already.
 

iceberg

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what's CA's GDP? Something like 1.7 trillion? One of the largest economies in the world?

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.”
 

Dodger12

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sounds like something boring people would say. Live that shit up. You can't take money with ya.

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?
 

superpunk

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Because people see huge numbers and shit their pants without the necessary perspective.
 

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.
 

superpunk

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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.
 

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."
 

iceberg

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you can't believe that insult if you don't believe in jesus, dude.
 

jeebus

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Frankly it's insulting that you people drop that shit all the time. Either discuss or don't but stop questioning my motives. I've been running this place long before any of you got here.

You are clearly a troll
 

MetalHead

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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.

If they filed years ago,and filed again this week,what does that tell you?
The state of California is a suicidal state.
 

superpunk

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Does anyone here actually pay attention to the news or the things you read or are you just regurgitating whatever Fox News has declared you should be mad about today?
 
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