On 5/16/05, Jochem van Dieten <[EMAIL PROTECTED]> wrote: > But when has a city reached the point where it cannot pay? Isn't that when it > is bankrupt?
The City of San Diego has current lost it's bond rating because it's so close to insolvency, largely due to pension problems. I doubt it will actually go bankrupt. though, they will get bailed out by US Taxpayers one way or another. They could just bankrupt the pension/city, but then someone would say "Hey that's not fair!". So they'll raise tazes in someplae and then someone will see that their taxes went up and say "Hey that's not fair!". Meanwhile the idiots who caused it will be retired in some other city. I am really stupified by why anyone who caused the problem in San Diego is still in office. If you were in city government when this occured you should be off the island - without a vote. -Cameron -- Cameron Childress Sumo Consulting Inc http://www.sumoc.com --- cell: 678.637.5072 aim: cameroncf email: [EMAIL PROTECTED] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:157713 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
