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-Land of the Free
America's largest cities drowning in debt
2019-05-16
  • [FOXNEWS] Chicago’s combined Taxpayer Burden: $119,110 (D)

  • New York City’s combined Taxpayer Burden: $85,600 (D)

  • Los Angeles’ combined Taxpayer Burden: $56,390 (D)

  • Philadelphia’s combined Taxpayer Burden: $50,120 (D)

  • San Jose’s combined Taxpayer Burden: $43,120 (D)

  • San Diego’s combined Taxpayer Burden: $35,410 (R)

  • Dallas’ combined Taxpayer Burden: $33,490 (D)

  • Houston’s combined Taxpayer Burden: $22,940 (D)

  • San Antonio’s combined Taxpayer Burden: $16,660

  • Phoenix’s combined Taxpayer Burden: $13,290 ​​​​​​
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  

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