70% of Largest U.S. Cities on Verge of Bankruptcy https://www.dailyfetched.com/70-of-largest-u-s-cities-on-verge-of-bankruptcy/ 70 percent of the largest cities in the United States did not have enough money to pay their bills in fiscal 2022. According to a Truth in Accounting analysis of the latest annual comprehensive financial reports, 53 out of 75 cities did not have enough money to pay all of their bills. TIA found that the 75 largest cities in the U.S. had $307.4 billion worth of assets available to pay bills, but their debt totaled $595.3 billion. The analysis also noted that Pensions and healthcare accounted for the majority of the debt. Original Report https://www.truthinaccounting.org/library/doclib/Financial-State-of-the-Cities-2024.pdf Most American cities are on the verge of bankruptcy. The surprising city not in financial distress is Washington, DC. New York City, Chicago, Portland, and San Francisco have serious financial distress. They are mostly Democrat (on the Left) run cities. And imagine if you put these same leaders who run these big cities in charge of the federal government.
Their unanimous fiscal model is to give $10M to landowners in subsidies for every $1M they ask them to repay in property taxes. That has never been a sustainable fiscal model, and it never will be.
No need to imagine. You had your guy in office 2016-20 and he added debt faster than anyone, and you can't wait to pull for him again. Cities don't go bankrupt. Detroit did go bankrupt in the 60, but other that that only tiny towns have declared bankruptcy.
That's actually not true. The rate of spending and debt under Biden has already exceeded Trump's term. Furthermore, as has been explained numerous times already in this forum, the high spending during Trump's term wasn't really Trump's fault. The Democrats were in power in Congress during his last 2 years, and the Democrat-supporting media pushed him to increase spending (in response to the coronavirus pandemic), putting him (and thus the Republican Party as a whole) under pressure because of the upcoming election. The media would have used that to turn voters away from him if he had not gone along with increasing spending, which would have made it less likely he would have won reelection. So it could be said this is what the media convinced the people to want.
Awww....not really his fault. Go ahead and vote for more of the same, but why pretend to care about issues you make worse.
Democrats seem to be duplicitous. Would have criticized Trump either decision he made. Had Trump held fast and resisted increases in spending levels, the Democrats would have refused to pass a budget, shut down the government, and blamed Trump and Republicans for that. They would have accused Trump of trying to sabotage the economy, and would have told voters Trump was the reason they were suffering and not getting handouts of money. And then after Trump was gone and replaced with Biden, they would have immediately spent just as much money as they wanted Trump to spend, only a lot more of it would have gone to special progressive causes and been misspent. Spending levels were only down during the first part of Biden's term because of the massive spending during the last part of Trump's term. (I think Democrats wanted to be able to brag - at least temporarily - that they were spending less money than Trump) But had that not happened, the Democrats would not have paused spending, and would have immediately started spending, to make up for the lack of spending under Trump. We have only to look at what's been happening during the latter part of Biden's term to see what Democrats would have immediately done had Trump not gone along with that high spending. At least with Trump spending money he had a chance of winning the election and preventing the Democrats from spending even more money. It was a good chance, but turned out not to be. Had he not spent that money, I'm sure Democrats would have immediately compensated for the lack of spending and started spending like crazy immediately as soon as he was gone.
Like I said, you have your vote, so feel free to use it on Trump, who will spend like a drunken sailor, and later you can blame the Democrats. It's an old game. GOP controlled the purse 6 out of 8 Obama years, and they blame him 100% for the spending, and they hold the purse right now, and they blame Biden. Nothing new under the sun. But PLEASE stop pretending to care about it, when you are going to vote for MORE.
The Democrats are already spending more than Trump spent now. You can't tell me the Democrats do not entirely approve of what Trump did (when it came to spending).
Are they controlling the purse........or is it the Republicans? See, that's what I mean. You'll blame Dems no matter who controls the money strings. Take your vote and use it any way you want, and then come back and blame the Dems no matter what happens.
as IT jobs and Customer Service jobs get outsourced to places like India, it will get worse and in the end, India will Control the AI… I would call that a national security threat
some, just now they're leaving in droves, even more so after Covid and Corps realized people could work remote.... which mean overseas the Trump 30-day shutdown, in hindsight, hurt us biggly
Never mind the shutdown by Democrat governors in Democrat-run states that lasted for 15 months, huh, FreshAir? Speaking of "bankruptcy", in California, a third of restaurants went out of business between March 15, 2020 and June 15, 2021.
they were following the Trump reopening guidelines, name one State that Trump declared met his opening guidelines I mean that would have been huge news, Trump would have shouted it from the rooftops... right now, should everyone of ignored Trump's guidelines, sure what did we learn, don't listen to Trump if he wins in 2024
