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The rest of their lives in San Ber'dino
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Bil
Jul 12, 2012, 8:02:59 PM7/12/12
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Municipal financial update, from: http://www.businessweek.com/news/2012-07-11/san-bernardino-third-california-city-to-choose-bankruptcy
Bloomberg News
San Bernardino Third California City to Choose Bankruptcy
By Michael B. Marois and Alison Vekshin
July 11, 2012
San Bernardino’s City Council voted to become the third California municipality this year to seek bankruptcy protection after officials learned they may not have enough cash to pay workers.
The council last night voted 4 to 2, with one abstention, to authorize a filing under Chapter 9 of U.S. bankruptcy law. The city of 209,000, about 65 miles (105 kilometers) east of Los Angeles, is so broke it can’t cover its payroll, interim City Manager Andrea Travis-Miller said.
San Bernardino would follow Stockton, a community of 292,000 east of San Francisco, which on June 28 became the biggest U.S. city to enter bankruptcy. Mammoth Lakes, a mountain resort of 8,200, sought court protection from creditors July 3 saying it can’t pay $43 million owed on a legal judgment, more than twice its general-fund spending for the year.
Declining tax revenue, growing worker costs, accounting discrepancies and an unemployment rate in the metropolitan area of almost 12 percent helped propel San Bernardino toward court.
“If the employees are not paid on Aug. 15, on Aug. 16 there will be a mass exodus of city employees,” City Attorney James Penman told the council before the vote.
“People are not going to work when they don’t get paid,” he said. “Most of our employees will not show up to work. That would include police, fire, refuse, everybody. The city will virtually shut down.”
<snip>
Say now
Ain't talkin' 'bout fontana
Ain't talkin' 'bout uh uh
Ain't talkin' 'bout uh uh
Ain't talkin' 'bout uh uh
Ain't talkin' 'bout the redlands, no no
Zulch is the auto works
I'm telling you
That's where they take
All the cars that they hurt
Come on and let's all go down to san ber'dino
Ooo-ooo
Ooo-ooo
Ooo-ooo
Let's-a go down down down
Down in san ber'dino
Wouldja b'lieve it
San ber'dino
San ber'dino
(got to call it)
San ber'dino
(c'mere)
San ber'dino
...
The rest of their lives
In san ber'dino
Oh bobby, I'm sorry you gotta head like a potato
I really am
Bloomberg News
San Bernardino Third California City to Choose Bankruptcy
By Michael B. Marois and Alison Vekshin
July 11, 2012
San Bernardino’s City Council voted to become the third California municipality this year to seek bankruptcy protection after officials learned they may not have enough cash to pay workers.
The council last night voted 4 to 2, with one abstention, to authorize a filing under Chapter 9 of U.S. bankruptcy law. The city of 209,000, about 65 miles (105 kilometers) east of Los Angeles, is so broke it can’t cover its payroll, interim City Manager Andrea Travis-Miller said.
San Bernardino would follow Stockton, a community of 292,000 east of San Francisco, which on June 28 became the biggest U.S. city to enter bankruptcy. Mammoth Lakes, a mountain resort of 8,200, sought court protection from creditors July 3 saying it can’t pay $43 million owed on a legal judgment, more than twice its general-fund spending for the year.
Declining tax revenue, growing worker costs, accounting discrepancies and an unemployment rate in the metropolitan area of almost 12 percent helped propel San Bernardino toward court.
“If the employees are not paid on Aug. 15, on Aug. 16 there will be a mass exodus of city employees,” City Attorney James Penman told the council before the vote.
“People are not going to work when they don’t get paid,” he said. “Most of our employees will not show up to work. That would include police, fire, refuse, everybody. The city will virtually shut down.”
<snip>
Say now
Ain't talkin' 'bout fontana
Ain't talkin' 'bout uh uh
Ain't talkin' 'bout uh uh
Ain't talkin' 'bout uh uh
Ain't talkin' 'bout the redlands, no no
Zulch is the auto works
I'm telling you
That's where they take
All the cars that they hurt
Come on and let's all go down to san ber'dino
Ooo-ooo
Ooo-ooo
Ooo-ooo
Let's-a go down down down
Down in san ber'dino
Wouldja b'lieve it
San ber'dino
San ber'dino
(got to call it)
San ber'dino
(c'mere)
San ber'dino
...
The rest of their lives
In san ber'dino
Oh bobby, I'm sorry you gotta head like a potato
I really am
The old geezer
Jul 12, 2012, 9:03:19 PM7/12/12
to
On Jul 12, 8:02 pm, Bil <b...@pd.jaring.my> wrote:
> Municipal financial update, from:http://www.businessweek.com/news/2012-07-11/san-bernardino-third-cali...
The fruits of Liberalism at work..................keep on taxin' &
spendin'...!!!
TOG
> Municipal financial update, from:http://www.businessweek.com/news/2012-07-11/san-bernardino-third-cali...
spendin'...!!!
TOG
David Z
Jul 12, 2012, 10:09:05 PM7/12/12
to
"The old geezer" <JY...@aol.com> wrote in message
news:d17871ee-01a4-4166...@l4g2000yqf.googlegroups.com...
*************************************
Correction: Keep on spendin' and NOT taxin'.
news:d17871ee-01a4-4166...@l4g2000yqf.googlegroups.com...
Correction: Keep on spendin' and NOT taxin'.
Martin Gregorie
Jul 13, 2012, 8:18:43 PM7/13/12
to
--
martin@ | Martin Gregorie
gregorie. | Essex, UK
org |
David Z
Jul 13, 2012, 8:39:45 PM7/13/12
to
"Martin Gregorie" <mar...@address-in-sig.invalid> wrote in message
news:jtqdt3$64h$1...@localhost.localdomain...
The old geezer been watchin' too much Fox News.
news:jtqdt3$64h$1...@localhost.localdomain...
Martin Gregorie
Jul 13, 2012, 9:25:55 PM7/13/12
to
On Fri, 13 Jul 2012 20:39:45 -0400, David Z wrote:
> "Martin Gregorie" <mar...@address-in-sig.invalid> wrote in message
> news:jtqdt3$64h$1...@localhost.localdomain...
>> On Thu, 12 Jul 2012 22:09:05 -0400, David Z wrote:
>>
>>> "The old geezer" <JY...@aol.com> wrote in message
>>> news:d17871ee-01a4-4166-
> "Martin Gregorie" <mar...@address-in-sig.invalid> wrote in message
> news:jtqdt3$64h$1...@localhost.localdomain...
>> On Thu, 12 Jul 2012 22:09:05 -0400, David Z wrote:
>>
>>> "The old geezer" <JY...@aol.com> wrote in message
b9b9-9bb...@l4g2000yqf.googlegroups.com...
I think that Mr Micawber's view applies to everybody from gummints to
individuals): "income 19/6d, expenditure 20/-: misery" and if you don't
understand that and live by it you're one sick muthafucker and deserve
all the shit you get heaped on you.
Piper
Jul 13, 2012, 9:48:05 PM7/13/12
to
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