32 Responses to Bankrupt U.S. cities are an ill omen of America’s future

  1. american says:

    the problem isnt bad management by city officials, the problem is that there are so many greedy people, mostly union workers that feel they are entitled to make rediculous amounts of money and dont care that the obscene amounts of money they make have to come from somewhere. where is the sacrafice that our nation was founded on, i mean come on $30 and more just to preform menial jobs, i say if they arent willing to take a cut in order to help out, GET RID OF THEM. THEY ARE THE PROBLEM

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    • todd says:

      american, i understand your view that menial labor does not deserve a high wage, unfortunately this view is skewed. The tyranny in this country (entire world) is not derived from the wages of the common laborer, it is derived from those who hold power over the common laborer. Government leaders have been corrupted by the power that the people have awarded them, corporations are led by individuals who have been corupted by wealth and power. They have become unempathetic to humankind, they are selfish people who serve no interest other than there own lust for more power and wealth.

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      • Oh! This topic makes me hot! This country has an over abundance of wealth, its GNP’s, technology, industry, farming, you name it. Out-sourcing and undermining by the Elite. The Elite are out to destroy the American economy by any means, in its pursuit of world domination. The problems all boil down to the value of the dollar and the Federal reserve. Now, they have us fighting amongst ourselves; ridiculous.

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      • Kailingga says:

        Todd, you should read Ayn Rand’s book, Atlas Shrugged. I’m sure it’s not on your “must read” list, but do it. There are two kinds of people: those who produce, and those think they should be able to live of the productive work of the first group (they are called “looters” in Atlas Shrugged because they live at a higher level than they earned the right to. Unions tend to drive total compensation cost per hour (wages plus benefits) above the value of their contribution. You write as if all politicians are of one mind, but they are not. More or less, Democrats tend to be anti-business, and advocates of the unproductive (expansion of welfare of all sort sorts). Republicans believe in letting businesses thrive, producing more and better products and services, and putting the labor force to work, and people being free to keep what they earn, not have it looted by others.

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    • Elizabeth says:

      Obscene amounts you say? Greedy people? Firefighters and cops? The problem with America is all the people out there that are willing to make cult heroes out of pro-athletes and musicians, feeding them millions and billions of dollars for entertainment. My fiance (a cop) makes $31,000 a year (about $15.26 an hour, I think, without a calculator). Kind of sad when he protects and serves the American population, isn’t it? He risks his life every day. The problem is not greed… it is idolatry and stupidity to put it bluntly. The need to follow the crowd… a menial job is throwing a ball around a field for 40 million dollars a year and a Nike contract. Where is the importance in that? Beats the heck out of a man coming at you with a hatchet or a gun any day, I guess.

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    • Larry Beane says:

      “GET RID OF THEM” kind of parallels what Scrooge said in the Christmas Carroll. I would suggest that you got to next city council meeting and offer to lead a volunteer Fire Department and Police Force, many other communities use them. Now you can save all that money, and each night hit your knees and pray your house never burns or that nobody breaks in. Sounds like a plan to me.

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  2. Larry T says:

    The loss of tax revenues from the housing crash and bad investments in expensive projects con tribute greatly to their plight. Working for the State as a professional, I was well under-paid compared to the private sector.

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  3. Big Al says:

    @ American …. What costs more, a union worker in steel mill , behind the counter at the supermarket, in front of a class of 20-30 kids for 7 hours(plus…they do work at home to you know and may have gobs of student loans to pay back) or a greedy politico willing to pay $400 bucks for a toilet seat ( a cliche, but you get my point). I don’t share your demonized veiw of union workers trying to keep their jobs from going to India ( for example) they fight to keep jobs here. Note, when I say they, I don’t mean the Union bosses (six figure incomes) ….I mean the girl at the register at your local supermarket making $12 bucks an hour and paying 20-35 bucks a month in union dues just to have good ( or okay) health insurance for her kids because her husband got laid off from the local school district after their state did not pay thier bills and thus schools had to let go of good teachers. And before you say phooy to how much teachers get paid , remember that a community that does not stand behind or value it’s local education agency (school district) suffers in reduced property values. When a person is looking to by a new home and they have a family, the first thing they don’t ask is, ” is this house located in a poopy school district ? It is ! Great, I’ll take it. ” People run to good school districts and set up a home there.

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  4. Irene C says:

    “But the council wants the city to instead borrow money to solve Scranton’s fiscal woes.” Sure, you’re going bankrupt so you borrow more money. And does the council have a plan on how they’re going to pay it back? And as for the employees not getting their full pay. Yes, that is rough when you don’t get the money you’re used to. But what’s worse, getting a minimal check or not getting a check at all? There are truly rough times coming for all of us.

    Maranatha

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  5. judy j judy says:

    The government’s the problem and they are indeed thieves,the amount of money, they make and the amount of money they give, to other countries is crazy, the tax cut’s they give to themselves and if u haven’t noticed,the people that still have jobs and insurance are the very companies who have unions ,unions stop ur jobs from going overseas and they protect the companies promises, to u, as there employee ,to be treated fairly and get the wages u deserve ,even China wal-mart has a union for there employees ,the United States doesn’t

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  6. american says:

    the reason jobs are being shipped over seas is because they are willing to do the same work cheaper than we are, if the company you work for fails, then you have failed as well, i have personally opted to not accept pay on several occasions due to the fact that the company i work for was in financial trouble due to a slow down on purchases, would any of you do the same? my guess would be probably not. btw my father is in a union and was paid an assisanine amount of money to watch concrete dry. my mother is a teacher and i do agree that our teachers are greatly underpaid.

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    • todd says:

      the company i work for recieves $411,000 annual revenue per employee with 90,000 employees worldwide. $37 billion in revenue off the backs of the employees, but you consider earning $62,000 a year an outrage? thats 15% of the money they generated for the “company”, of that 15% they earn 40% is paid to govenments for taxes, the remaining 60% is paid back to corporations for neccesities of life ie., housing, utilities, food and health care. Of course people overseas are willing to work for less, there are less taxes to pay, food cost much less and living standards are horrible. A starving population will accept whatever is offered to them, corporations know this and they exploit it. Case in point Apple, Nike, and the list goes on.

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  7. Dennis E. says:

    This is not good. A picture of things to come. Past time to tighten the belt.
    just my opinion……..

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  8. wendy says:

    Blame games…..they never work. Everyone want’s to blame someone, something. Instead look at yourself and how you can protect yourself, family and friends. THIS IS ONLY GOING TO GET WORSE! We better look at our neighbors and make plans to help each other. We better start growing our own food. Time to focus on saving ourselves, there is no one else to bail us out….there never was.

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  9. LA says:

    You all should check out what Matt Taibbi has to report on how the banking cartel that is running our nation has caused a lot of these problems with municipalities by cheating lying and stealing. Google Matt Taibbi and Jefferson County, AL. It is shocking!

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  10. carolyn says:

    I live in NJ. I know of a state cop who recently retired at age 52, after 25 years on duty, with a pension of $110,000 a year and health insurance.

    I deeply appreciate the work of our cops and firemen and teachers…..but the fantasy must end. My state is so bankrupt that if they took 100% of all the income made in the private sector, it is not enough to pay the promised pensions and other debts. You can’t raise taxes more than 100%!! (I am sure they will try, ha).

    I know the problem is far bigger than the workers salaries, and corruption is everywhere. I know how complex the financial mess is. But I am guessing Scranton is the warning signal for almost the entire nation. We all need to mentally prepare for third world living. It may be on the way for most of us.

    I wonder if the govt will start selling real estate. China gets the Grand Canyon, the Sauds get the Smokies, the Japanese get the everglades, every national park and forest gets doled out to bond holders. Nothing would surprise me these days……

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  11. niebo says:

    “…unlike the coal miner who leaves the mine after watching his canary keel over, state and federal policymakers are not heeding the warning. Washington’s failure to reverse its debt-driven economic course means it will soon be in a situation far more tense than that of beleaguered Scranton.” Those last two sentences are a mouthful.

    I wonder if THEY truly do want us on our knees before it is over with. And whether it is to shoot us or to enslave us is hard to discern, but what is clear is….how few of THEM are going to be affected by their refusal to change.

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  12. Sam Beckett says:

    I live in California…the economy here is VERY bad…off topic but humanity has dug a financial hole it cannot get out. I used to be a 100% anti 2012 doomsday, etc…I do not believe the world is going to end. I do believe though that with the entire worlds economy getting worse & worse each day…I find it plausible a complete collapse of our civilized society on Earth, this year. My gut, this really strong deep down feeling/sense telling me I need to prepare. I have bought somethings already but a small part of me has kept me back from buying more…more ammo, a few better guns, more food, water, water treatment items, medical supplies, that small part of me tells me I am just wasting my money, people have predicted the end for thousands of years, etc…but as time passes…that gut feeling grows stronger & pushing me to buy more of that stuff

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    • The economy of the “entire world” is not bad, just The Western Modernized World.” Iran is fine, Southeast Asia’s economy is flourishing. China is a lot better off then Western Power wants you to believe.

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  13. Andy Stack says:

    I was a little floored that Scranton wanted to borrow more money to bail themselves out of debt. But look at the example they have to follow, our own Federal Government. They borrow money to finance our crazy budgets without blinking an eye, not even thinking twice about how we are ever going to pay back $15 Trillion in debt. Apparently, it’s easier for them to borrow now, and let someone else (like our kids) worry about it later. Newsflash! This debt won’t wait for our kids, it’s something that every American will feel very shortly when America’s economy collapses. I give it 2 more years at the rate we are going. Sad, but very true. And don’t think for a second that I’m not a patriot by saying that. I call it like I see it!

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  14. Glenn Rice says:

    This is not far from where I live. Scranton has been financially distressed for as long as I can remember. Union excesses are no doubt a factor, but there is probably far more to the problem than the press is willing to expose. If you impose austerity type measures to try and satisfy the creditors, you exacerbate the shortfalls rather than bring real solutions. Hello Greece. Hello end of this of empire. Babylon is falling, and great will be its fall.

    Peace and Grace in Christ to all.

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  15. Ripcord says:

    Prepare for what is coming my friends.Food,water,shelter.ammo,guns,silver,gold and a dam good women to hold on to,this is going to get real ugly…

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  16. jehjeh007 says:

    After reading all the comments left here, I conclude that everyone of you is RIGHT! The devil lives in chaos and I blame the rich lawyers who circumsize the working man on both sides, i.e. they advise the rich to do this and then stoke the poor to push back. But who REALLY has the power to change this is what matters. You all know the answer to that. It is the RICH POLITICO. But until it hits their front yard, they will not change a thing.

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  17. Well, it’s obvious, isn’t it? Cities and towns are going to have to start printing their own money based upon the local economy which is based upon its exports and imports. Outsider’s, those using the American dollar can trade in that dollar for about seven cents in local monies because that is what it is worth if that.
    Cities, towns and counties are going to have to set up their own self-sustaining societies and use the barter and trade system with other such cites in the country, period. Non-aggressive, non-compliant- non-participatory cessation! Now if California can legalize medical marijuana, while still illegal on the Federal level, I do not know why States cannot create their own currency. Close down the Wal-Mart’s and other such corporations. Buy and invest locally, develop a unique product or further develop the one you have. The first change I would like to see are cities creating their own alternative power plants. We must take the power away from the Federal Reserve, the U.S. Banknote etc. Act and participate now, There is still time. Cessation, Cease to participate in a broken, corrupt, and sincerely crooked system.

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    • jehjeh007 says:

      There is still time, really? So how do we do the Cessation, Cease to participate in a broken, corrupt, and sincerely crooked system? Are there some meetings we go to? Who and where are they held?

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      • To: jehjeh007; Yes, There are many little ways. Start in very small ways. You will be immensely gratified. Maybe start by buying one $20.00 solar panel to charge one care battery to rune one 500 watt inverter. Use this to run your computer watch you tv. Then grow. Put hydroelectric electromagnetic turbine’s in your water lines, every time you turn on your water they fire up and charge another battery, which is running another inverter, which is running another appliance, Git It?!? Develop a product, to barter and trade, in your community or support one that does…There are too many ways to post here. Draw your money out of an Elitist owned bank and put it into a local credit Union. Yes, there are many meetings in awakened ares. Get involved with a community Co-Op. Many small independent businesses which have been crushed are making a comeback through the Internet (Little Overhead)… Buy from them.

        Liked by 1 person

  18. Leigh Ann Black says:

    there will be anguish like no other for those who have not had to deal with puny paychecks. I have lived on housekeeping wages for years, raising 3 kids.. now it is even more difficult due to the increase in gas, foods, heating electric.

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    • Irene C says:

      You are so right. Several years ago, we were having severe financial problems. We were way far behind with our gas bill (for heat) and they came to shut it off. Fortunately it was July. I went out to talk to him, since I was expecting this to happen. In our conversation we got to talking about those who were having financial problems in the richer sections in town. They did more arguing and took it harder then us poorer folks. We’re used to struggling and surviving. I have also learned to depend on God for my needs and learned to discern between needs and wants. Most of what we want is just material junk that won’t be worth anything.

      Maranatha

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  19. Doreen Agostino says:

    By Clint Richardson: A simple way to factually stand before your local or state political “leaders” and give indisputable proof that, when stating the “facts” about their own budget shortfalls, limited choices, and necessary raising of your hard-earned monies as taxation (revenue) to “balance the budget”, your own little criminal syndicate of elected mayors and council men and women are lying bold-faced to the entire citizenry through the act of subterfuge and omission. http://realitybloger.wordpress.com/2013/02/27/unmasking-the-cafr-scam-in-every-city-usa/

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