Submit your comments on this article |
-Land of the Free |
America's largest cities drowning in debt |
2019-05-16 |
|
Posted by:Fred |
#13 Lenders don't care about the principal. The interest payments cover that and much, much more. The borrowers become slaves. |
Posted by: San Fran Nan 2019-05-16 12:16 |
#12 We always hear how California's economy is bigger than a lot of countries. When they ask for a bailout, the GOP should smilingly ask blacks, whites and browns in all other states how they feel about that. |
Posted by: M. Murcek 2019-05-16 09:57 |
#11 California (CALPERS) is in worse shape than San Diego's retirement system |
Posted by: Frank G 2019-05-16 09:20 |
#10 Bet will be the priority. Das Keyboard is almost shot now... |
Posted by: M. Murcek 2019-05-16 09:13 |
#9 unless you're counting on a Federal bailout The need for a municapal / state bankruptcy bailout will arrive at about the same time as the Social Security "trust fund" needs bailed out. Which will you be will be the priority? |
Posted by: M. Murcek 2019-05-16 09:12 |
#8 Who is loaning these places money still? "Tax free" munis are still widely available. Many takers. |
Posted by: M. Murcek 2019-05-16 09:10 |
#7 I'm going with AOC on 10+ year bonds. |
Posted by: Besoeker 2019-05-16 08:57 |
#6 Darth, it depends on the terms. I bet that there's a lot of short term profit available.....stay away from the 10+ year bonds unless you're counting on a Federal Bailout. |
Posted by: AlanC 2019-05-16 08:54 |
#5 Who is loaning these places money still? The debt bomb for most states/cities is coming in a decade or so and then what? I sure as fuck wouldn't be loaning these assholes anything right now. |
Posted by: DarthVader 2019-05-16 08:47 |
#4 The Magic Money Tree(tm) of economics |
Posted by: Procopius2k 2019-05-16 08:33 |
#3 Why don't they just borrow some money to pay off their debt ... |
Posted by: Beau 2019-05-16 04:23 |
#2 OK, now imagine you could spend $75,000.00 you don't have on each member of your household. I bet most Rantburgers would have something to show for it at the end of the exercise. These municipalities? Not so much... |
Posted by: M. Murcek 2019-05-16 01:58 |
#1 Can't help but notice a certain political party's involvement in all of this. |
Posted by: Raj 2019-05-16 01:14 |