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Thread: Path Is Sought for States to Escape Debt Burdens

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    Re: Path Is Sought for States to Escape Debt Burdens

    Quote Originally Posted by MrVicchio View Post
    Do you realize they let even a single SINGLE state do this, and the municipal bond market would collapse. How does that help anyone?
    This.

    Gee, I agree with Mr. V.

    Should the first state be required to give advance notice so that municipal bond investors can get out in time? Even if they did, there's a ton of folks with 401Ks that don't really follow where there investments are currently working.

    Yes, the other 49 states would see an exodus of municipal bond investors. Got projects in the works? Not any longer.
    Quote Originally Posted by Northern Light View Post
    The systems that ensure freedom and liberty are breaking down and fundamentalism is growing. Nobody is righteous anymore.


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    Re: Path Is Sought for States to Escape Debt Burdens

    Quote Originally Posted by Erod View Post
    Here's the deal. If the federal government bails out California, as it did GM, then what does that do to California's state's rights? What does the federal government get in exchange? Does California now have a lesser voice?

    Is this a route to a stronger central government and lesser state power like, oh, Arizona, which is taking on Washington for the right to institute a stronger immigration policy?

    Obamacare is going to bankrupt every state. Think about that.
    National Healthcare doesn't even kick in for 3 more years. The States are already bankrupt. So much for your stance on things.
    Quote Originally Posted by Northern Light View Post
    The systems that ensure freedom and liberty are breaking down and fundamentalism is growing. Nobody is righteous anymore.


  3. #43
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    Re: Path Is Sought for States to Escape Debt Burdens

    today: State Bankruptcy Would Change Life for Public Pensioners, Bond Holders - ABC News

    more states looking for ways out

    arizona, california, new york, illinois...

    locals and municipals---vallejo, orange county, harrisburg

    arizona SOLD its capitol building

    CA is raising tuitions thru the roof

    vallejo bondholders are expecting 5 to 20 cents on the dollar

    just like the stockholders for gm and chrysler who got pennies while the uaw was awarded 55%

    for our suffering states, the problem is two---pensions and medicaid (which obamacare greatly exacerbates)

    Governors balk over what healthcare bill will cost states - The Boston Globe

    live em, libs, love em, they're all yours

    seeya at the polls
    Last edited by The Prof; 01-24-11 at 05:16 PM.

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    Re: Path Is Sought for States to Escape Debt Burdens

    Quote Originally Posted by The Prof View Post
    today: State Bankruptcy Would Change Life for Public Pensioners, Bond Holders - ABC News

    more states looking for ways out

    arizona, california, new york, illinois...

    locals and municipals---vallejo, orange county, harrisburg

    arizona SOLD its capitol building

    CA is raising tuitions thru the roof

    vallejo bondholders are expecting 5 to 20 cents on the dollar

    just like the stockholders for gm and chrysler who got pennies while the uaw was awarded 55%

    for our suffering states, the problem is two---pensions and medicaid (which obamacare greatly exacerbates)

    Governors balk over what healthcare bill will cost states - The Boston Globe

    live em, libs, love em, they're all yours

    seeya at the polls
    Funny.............. Eight years of republican rule got us to this point.

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    Re: Path Is Sought for States to Escape Debt Burdens

    sacto, albany and springfield?

    public pensions and medicaid?

    LOL!

    party on, pal

    seeya at the polls

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    Re: Path Is Sought for States to Escape Debt Burdens

    The main burden on states is union demanded benefits. Legislation that allows those benefits to be cut will be a big help.

    Here in Austin we have tons of people who are getting retirement benefits and another check as a consultant in their old job. Just ending double and triple dipping would help too.

    It’s insane that public employees create nothing but make more money than the people who do

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    Re: Path Is Sought for States to Escape Debt Burdens

    Quote Originally Posted by Iron River View Post
    The main burden on states is union demanded benefits. Legislation that allows those benefits to be cut will be a big help.

    Here in Austin we have tons of people who are getting retirement benefits and another check as a consultant in their old job. Just ending double and triple dipping would help too.

    It’s insane that public employees create nothing but make more money than the people who do
    Can I get that job?
    You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”

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    Re: Path Is Sought for States to Escape Debt Burdens

    Quote Originally Posted by Dirty Harry View Post
    Funny.............. Eight years of republican rule got us to this point.
    Always amuses when people say silly things liek this. The State House composition is always ignored.

    BTW Arnold was a RINO.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Path Is Sought for States to Escape Debt Burdens

    Quote Originally Posted by MrVicchio View Post
    Always amuses when people say silly things liek this. The State House composition is always ignored.

    BTW Arnold was a RINO.
    The worst recession since the Great Depession starting in '06 caused the plummeting revenues and problems the states are facing today. Even conservative Texas is in trouble. Perry was a republican. Facing the truth amuses you?
    But it is now facing the same revenue declines that have plagued most states in the union. The comptroller last week estimated Texas would only have $72 billion in general revenue available for this fiscal 2012-13 budget, down from $87 billion two years ago.

    What's more, Texas would have to spend an additional $12 billion over the next two years just to maintain services at their current levels.
    I know some of you are conditioned to believe the economic collapse started the day Obama took office.
    Last edited by Dirty Harry; 01-24-11 at 06:54 PM.

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    Re: Path Is Sought for States to Escape Debt Burdens

    Quote Originally Posted by Dirty Harry View Post
    The worst recession since the Great Depession starting in '06 caused the plummeting revenues and problems the states are facing today. Even conservative Texas is in trouble. Perry was a republican. Facing the truth amuses you?

    I know some of you are conditioned to believe the economic collapse started the day Obama took office.
    Texas isn't in trouble. We have $9 billion in savings to use to get through lean times.

    Now, it isn't perfect and it definitely isn't a boom time...but we are managing and our budget will come in balanced: Texas Senate budget also bleak, has more school funds than House version | The American Independent When all is said and done, they will come to a compromise that does reduce government responsibilities...but doesn't intrude on freedoms.
    You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”

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