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LIbEralS

Saint Paul, MN

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#1
Apr 1, 2013
 

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I would guess that this is just the tip of the iceberg.

A judge accepted the California city of Stockton's bankruptcy application on Monday, making it the most populous city in the nation to enter bankruptcy.

The $900 million that Stockton owes to the California Public Employees Retirement System to cover pension promises is its biggest debt.

http://www.cnbc.com/id/100578156
Bushwhacker

Seattle, WA

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#2
Apr 1, 2013
 

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Looks like investors made a bad investment and the city overextended, just like lots of folks. Funny, you'd like to blame the debt, they have to promised pensions. Just what did the workers do wrong, again ??? LMAOROTFU~!
non-starter

Saint Paul, MN

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#3
Apr 1, 2013
 

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Legal observers expect the creditors to aggressively challenge Stockton's repayment plan in the next phase of the process.

By 2009 Stockton had accumulated nearly $1 billion in debt on civic improvements, money owed to pay pension contributions, and the most generous health care benefit in the stateŚcoverage for life for all retirees plus a dependent, no matter how long they had worked for the city.

http://www.cnbc.com/id/100578156
Bushwhacker

Seattle, WA

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#5
Apr 1, 2013
 

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No spamming about the Eagan Mall ?? Oh right, you're a quitter and wrong about Eagan...
Consistent

Grantsburg, WI

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#6
Apr 1, 2013
 
Bushwhacker wrote:
No spamming about the Eagan Mall ?? Oh right, you're a quitter and wrong about Eagan...
Retard, WTF are you babbling about.....Eagan?

DO NOT POST when your Thorazine has past its 1/2 life!
Obama-dont-care

Minneapolis, MN

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#8
Apr 1, 2013
 

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City managers are setting their towns up for failure by commiting to unsustainable payouts for public employee compensation.

Ignorance creates failure.
Bushwhacker

Seattle, WA

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#9
Apr 1, 2013
 

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No spamming about the Eagan Mall ?? Oh right, you're a quitter and wrong about Eagan...

Looks like over-investing in infrastructure, AKA bush housing crisis...
Consistent

Grantsburg, WI

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#10
Apr 1, 2013
 
Bushwhacker wrote:
No spamming about the Eagan Mall ?? Oh right, you're a quitter and wrong about Eagan...
Looks like over-investing in infrastructure, AKA bush housing crisis...
Retard, WTF are you babbling about.....Eagan?

DO NOT POST when your Thorazine has past its 1/2 life!
non-starter

Saint Paul, MN

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#12
Apr 1, 2013
 

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By 2009 Stockton had accumulated nearly $1 billion in debt on civic improvements, money owed to pay pension contributions, and the most generous health care benefit in the stateŚcoverage for life for all retirees plus a dependent, no matter how long they had worked for the city.

http://www.cnbc.com/id/100578156
Bushwhacker

Seattle, WA

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#13
Apr 1, 2013
 
No spamming about the Eagan Mall ?? Oh right, you're a quitter and wrong about Eagan...

Looks like over-investing in infrastructure, AKA bush housing crisis...
Bushwhacker

Seattle, WA

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#14
Apr 1, 2013
 

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BANCKRUPT

Need I say BANKRUPT !!!!!

Poor children, "talking" politics is SO CUTE !!!!

LMAOROTFU!

Almost as funny, as your investing "acumen"....
non-starter

Saint Paul, MN

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#15
Apr 1, 2013
 

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By 2009 Stockton had accumulated nearly $1 billion in debt on civic improvements, money owed to pay pension contributions, and the most generous health care benefit in the stateŚcoverage for life for all retirees plus a dependent, no matter how long they had worked for the city.

http://www.cnbc.com/id/100578156

The first of many bankruptcies caused by poor state and local government negotiators and public employee unions around the country.
Bushwhacker

Seattle, WA

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#16
Apr 1, 2013
 

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REALLY can't read, right ?? Looks like they overextended and didn't have the MONEY !!!

...civic improvements.."

BANCKRUPT

Need I say BANKRUPT !!!!!

Poor children, "talking" politics is SO CUTE !!!!

LMAOROTFU!

Almost as funny, as your investing "acumen"....
Bushwhacker

Seattle, WA

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#17
Apr 1, 2013
 

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"Promised pension benefits are protected under both state and federal law."

Pretty sad, if the pensions aren't protected, taxpayers will be on the hook and pensioners will get less than what they've EARNED !!!

Pitting money making creditors against the elderly and you're with the investors/creditors ???

I like your stupidity... now we're guaranteeing/enforcing investments, but not contracts ???

Guess, you advocate theft, huh ?
Obama-dont-care

Minneapolis, MN

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#18
Apr 1, 2013
 

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How can educated mangers allow this to occur?
Bushwhacker

Seattle, WA

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#19
Apr 1, 2013
 

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"Promised pension benefits are protected under both state and federal law."

Pretty sad, if the pensions aren't protected, taxpayers will be on the hook and pensioners will get less than what they've EARNED !!!

Pitting money making creditors against the elderly and you're with the investors/creditors ???

I like your stupidity... now we're guaranteeing/enforcing investments, but not contracts ???

Guess, you advocate theft, huh ?
scooby slew

Saint Paul, MN

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#20
Apr 1, 2013
 
Bushwhacker wrote:
"Promised pension benefits are protected under both state and federal law."
Pretty sad, if the pensions aren't protected, taxpayers will be on the hook and pensioners will get less than what they've EARNED !!!
Pitting money making creditors against the elderly and you're with the investors/creditors ???
I like your stupidity... now we're guaranteeing/enforcing investments, but not contracts ???
Guess, you advocate theft, huh ?
We all remember you only pretend to know stuff slew.
Bushwhacker wrote:
I hope you pick stocks as well as you pretend to "KNOW" stuff ? Oh right, I do THAT !!! What do you do again ? Childish noises, right ?
Well, you at least admitted by your statement that you only pretend to know stuff. Shouldn't you be getting back to your whacking in the bushes?

There you go slew slew, pretending to know stuff again.
LIbEralS

Saint Paul, MN

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#21
Apr 2, 2013
 
Bushwhacker wrote:
BANCKRUPT
Need I say BANKRUPT !!!!!
Poor children, "talking" politics is SO CUTE !!!!
LMAOROTFU!
Almost as funny, as your investing "acumen"....
I'm surprised it took you son long to catch the typo. You're slipping...
Obama-Dont-Care

Minneapolis, MN

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#22
Apr 2, 2013
 
Blue town bankrupt..

Surprise?
Bushwhacker

Seattle, WA

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#23
Apr 2, 2013
 

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REALLY can't read, right ?? Looks like they overextended and didn't have the MONEY !!!

...civic improvements.."

BANCKRUPT

Need I say BANKRUPT !!!!!

Poor children, "talking" politics is SO CUTE !!!!

LMAOROTFU!

Almost as funny, as your investing "acumen"....

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