Coming Soon to A State Near You

"Gov. Arnold Schwarzenegger, the state controller and treasurer decided Monday to delay $2.9 billion a month in payments to school districts and counties sooner than expected so the state can meet debt and pension obligations." That's right, they are not paying for schools, not paying for health care, not paying for transportation, not paying for help for the poor in the worst recession in 80 years. But they are paying the retroactively enhanced pensions, and the debts run up by a generation of tax cutting spenders. And the federal government just voted to help reduce the level of public school layoffs caused by the soaring cost of teacher pensions by increasing school subsidies, and offset it by cutting food stamps.

This isn't happening by itself, due to "circumstances beyond our control." Those debts and pension enhancements were a choice by Generation Greed. The decision to pay them, rather than declare bankruptcy and negotiate shared sacrifice with everyone starting at zero, is another, similar choice. Among many such choices.


Submitted by Timothy L. (not verified) on Sun, 08/14/2011 - 9:07am.

Perhaps if they didn't build a half of a billion dollar school, they could make a payment or two. 

What is most sick about this is that other counties and states will  more than likely be involved due to the fact that we fully expect California (and every other state and municipality) to be bailed out of this mess.  So if you are living in Florida, there is a good chance you will be bank rolling not only half a billion dollar schools, but also California state pension plans, teach salaries, cops, prison works and so on.

No wonder then if sometimes people want to flee away from all this establishment chaos and start building up their living abroad. The Dominican Republic, for example, attracts people with its magnificent golden soft sand beaches that run along  the coastal line, making from every visit an unforgettable memory.

Dominican Republic real estate is a local Dominican property company. debt consolidationTheir goal is to make people fall in love with this country, by helping them choose from the most exclusive range of real estate and  property that comprises apartments and luxury villas, houses, lots and lands, fincas, and  commercial properties. The external luxury of this island has to be matched with internal distinction that their real estate accommodations are bound to offer.

 


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