Thank you, Quazi!
I was going to pass on this thread because many of the comments showed no one knows camden NJ....Camden has been a city in decline since the 70s...crime is insane..the Police Dept has been undermanned and underfunded for many years....If you drive through camden it looks like afghanistan abandoned buildings and a city in truly disrepair....crime is so bad they closed a state prison located in the city that wasnt 20 yrs old...thats unheard of for example East Jersey and Trenton were built in the 1800s and still open...Camden cant survive without lots of state aid...its a dead city...
Warren Buffett has bailed out of his position on municipal bonds. He doesn't expect cities to be able to remain solvent. Because when something can't go on forever it won't.
Cities have to be cutting spending to match revenues. That can't be done with these union contracts.
“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. – J Robert Oppenheimer.
States Warned of $2.5 Trillion Pensions Shortfall - CNBCour economic woes are not being caused by teachers, police, or firefighters
that's cnbc, january, 2011
the numbers have only fallen further upside down since then, tho wisconsin, ohio, michigan, new jersey and new york are taking steps
we have a real problem here and it's cataclysmic
camden, universally described as the most dangerous city in america, is faced with a menu of all dire choices
you're aware of what's going on in san bernadino, stockton, mammoth lakes, vallejo, san jose, san diego, harrisburg, jefferson co...
they sure have gotten a lot of media in the last year or so
one can satisfy one's burgeoning curiosity with a simple google search
now, illinois, there's another story
speaker madigan---just this week---deposited his second $100,000 donation from the seiu on the morrow of killing his pension reform
Madigan reports $100,000 more from union with members opposed to pension reform - Sun-Times Politics
surely, you're aware
one wouldn't go around spouting empty opinions less than fully informed, would one?
obama depends on the uninformed putting him over the top, a fool's errand
april, cnn: Buffett Rule would barely dent debt but fits nicely into Obama's theme - CNN.comTake all the money the wealthy have and we'd still be out of money, just slightly less deep in debt