Werner,
I'll say it again, that there is NO ONE in this Community,
that knows or CARES as you do, about what happens here.  All
you get for your efforts is a day in HELL from the Powers that be!

You are the only voice, crying in the desert, for us.  Peace
Be With You!

--- In [email protected], "wernerapnj" <wernera...@...> wrote:
>
> 
> or.... Not learning from history and past mistakes.
> 
> 
> "...The City of Asbury Park is a seashore resort with a resident population 
> of 15,000. It presents a familiar picture of optimistic and extravagant 
> municipal expansion caught in the destructive grip of general economic 
> depression: elaborate beachfront improvements, costs in excess of estimates, 
> deficits not annually met by taxation, declining real-estate values, 
> inability to refinance a disproportionately heavy load of short-term 
> obligations, and, inevitably, default. Accordingly, in January, 1935, 
> availing themselves of the New Jersey Municipal Finance Act, creditors 
> applied to the Supreme Court of New Jersey to place the state Municipal 
> Finance Commission in control of the city's finances."...
> 
> http://tinyurl.com/24sgcyg
> 
> Happy New Year...
> 
> Werner
>




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