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2019-05-16 -Land of the Free
America's largest cities drowning in debt
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Posted by Fred 2019-05-16 00:00|| || Front Page|| [4 views ]  Top

#1 Can't help but notice a certain political party's involvement in all of this.
Posted by Raj 2019-05-16 01:14||   2019-05-16 01:14|| Front Page Top

#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||   2019-05-16 01:58|| Front Page Top

#3 Why don't they just borrow some money to pay off their debt ...
Posted by Beau 2019-05-16 04:23||   2019-05-16 04:23|| Front Page Top

#4 The Magic Money Tree(tm) of economics
Posted by Procopius2k 2019-05-16 08:33||   2019-05-16 08:33|| Front Page Top

#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||   2019-05-16 08:47|| Front Page Top

#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||   2019-05-16 08:54|| Front Page Top

#7 I'm going with AOC on 10+ year bonds.
Posted by Besoeker 2019-05-16 08:57||   2019-05-16 08:57|| Front Page Top

#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||   2019-05-16 09:10|| Front Page Top

#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||   2019-05-16 09:12|| Front Page Top

#10 Bet will be the priority. Das Keyboard is almost shot now...
Posted by M. Murcek 2019-05-16 09:13||   2019-05-16 09:13|| Front Page Top

#11 California (CALPERS) is in worse shape than San Diego's retirement system
Posted by Frank G 2019-05-16 09:20||   2019-05-16 09:20|| Front Page Top

#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||   2019-05-16 09:57|| Front Page Top

#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||   2019-05-16 12:16|| Front Page Top

23:16 Angeng Whomose3161
23:14 Raj
23:11 Raj
23:11 Angeng Whomose3161
21:55 Phaick Uneretle6310
21:49 European Conservative
21:31 SteveS
21:07 SteveS
20:52 Mike Kozlowski
20:22 Frank G
19:36 Sherese Smith6427
19:25 charger
18:22 SteveS
18:06  Herb McCoy
17:54 Woodrow
17:51 Woodrow
17:50 Woodrow
17:34 trailing wife
16:54 charger
16:48 Besoeker
16:44 Deacon Blues
16:42 chris
16:41 trailing wife
15:58 M. Murcek









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