| 11 months ago :: Jul 10, 2012 - 3:27PM #11 | |
got nothing to do with whether Scranton feels their cops are only worth minimum wage or you get what you pay for. Scranton is broke. this action will continue service for a few months before their unfunded liabilities and unpaid bills come due. Here is an interesting blog from a citizen who has taken the time and expertise to explore Scranton's budget woes. If you keep clicking on older posts you will get an eyeful.
and for further clarification I am not protecting Obama and blaming Bush. The entire political process is nothing more than a boondoggle and pay for play. Not only has it been going on for a long time but has achieved epic levels and will get worse with each succeeding presidency.
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| 11 months ago :: Jul 10, 2012 - 4:07PM #12 | |
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Interesting blog posts. So the mayor's big property tax increase would have brought in a mere pittance.
There are three sides to every story: your side, my side, and the truth.
God is just a personification of reality, of pure objectivity. |
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| 11 months ago :: Jul 10, 2012 - 4:15PM #13 | |
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| 11 months ago :: Jul 10, 2012 - 4:38PM #14 | |
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The first thing that Scranton employees should do is to demand to see the CAFR for Pennsylvania.
With goodwill to all the People(save scumsucking oathbreakers)- Hatman
"History records that the moneychangers have used every form of abuse, deceit, intrigue, and violent means possible to maintain their control over governments by controlling money and it's issuance."
-- James Madison(1751-1836), Father of the Constitution for the USA, 4th US President |
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| 11 months ago :: Jul 10, 2012 - 7:19PM #15 | |
Here comes another Union Battle ... where the People say they've finally had enough of over paid public servants with lavish pensions and healthcare ...and the Union [and leftist abroad] scream "it's our right to have all of your money". Paging Scott Walker ... Scott Walker ... Mr Walker, your assistance is needed in PA. |
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| 11 months ago :: Jul 10, 2012 - 7:23PM #16 | |
I don't really understand unfunded public union arrangements. It could be the liabilities are unsustainable but the unfunded part confounds me. Why did they not set aside the retirement and insurance premiums as they occured? Was the system unsustainable way back then, if so why did they not change it up then. But letting liabilities run up in case of a sunny day is foolish. If you look at the blog the author has questions about the outsized legal fees appropriated as well as other costs and liabilities. I guess the stand off between the council and the mayor was the mayor wanted a tax increase and the council wanted to restructure and borrow again. The council did not borrow and now Scranton is on the ropes. It also states the city has unfunded workers compensation claims. I don't understand this either, does the city own it's own worker compensation plan? Is the city in the business of running it's own fund? and where did the worker compensation premiums get paid to? Seems to me that many were gliding and not fixing any unsustainable liabilities and when revenue dropped due to the recession they realized they had a problem. The city is paying alot of interest aside from bonds.
and for further clarification I am not protecting Obama and blaming Bush. The entire political process is nothing more than a boondoggle and pay for play. Not only has it been going on for a long time but has achieved epic levels and will get worse with each succeeding presidency.
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| 11 months ago :: Jul 10, 2012 - 7:34PM #17 | |
S.S. is funded the same way. As is Medicare/Medicaid ... as is just about everything in our liberal government. They "pledge" 100 Billion dollars for X ... but then they don't have the money to pay for it. It's called an "unfunded mandate". Scranton PA overwhelmingly voted for Obama and his "Hope and Change". LOL .. how's it working out for ya Scranton?? ... |
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| 11 months ago :: Jul 10, 2012 - 7:39PM #18 | |
I thought it was Conservative philosophy not to give that much to the working classes in the first place. Why should you? The rich can afford their own higher wage private security and fire services, and leave the rest of us with minimum wage cops and firemen.
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| 11 months ago :: Jul 10, 2012 - 8:24PM #19 | |
Absurdity gives way to insanity. |
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| 11 months ago :: Jul 10, 2012 - 8:27PM #20 | |
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