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Kalifornia city to pay universal basic income to all
doogie
Member Posts: 15,072
in Tug Tavern
Comments
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Same city that had the highest per capital default on mortgages and home refinance to buy a Trans Am during 2006-2008. There’s not a lot of good personal finance decisions being made by the population down there.
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Deficits don't matter until they do. We've never reached that point in our modern but to act like it can't happen is beyond FS. We only get to borrow on the cheap because the rest of the world still believes in the full faith and credit of the US Government. If that changes we fuct biggy.
We have a fundamental problem in this country in that we want way more in benefits than we are willing to pay for them. And it's not just the fault of 'po people sucking off the guvmint tittays. -
Deficits don't matter until they do. We've never reached that point in our modern but to act like it can't happen is beyond FS. We only get to borrow on the cheap because the rest of the world still believes in the full faith and credit of the US Government. If that changes we fuct biggy.
We have a fundamental problem in this country in that we want way more in benefits than we are willing to pay for them. And it's not just the fault of 'po people sucking off the guvmint tittays.
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Im sure OBKunt will have something super enlightening to say on the topic
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http://www.recordnet.com/news/20180124/stockton-gets-b-on-its-financial-report-card
I wonder if Stockton is strong financially because 5 years prior like doogie mentioned, all of their debt got wiped away.
I used to think that Trump saying declaring bankruptcy was a financial tool was idiotic. After reading into the Stockton situation, I'm beginning to see his point. -
That program is being paid with a grant, not tax dollars.
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Stockton is a shithole.
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Deficits don't matter until they do. We've never reached that point in our modern but to act like it can't happen is beyond FS. We only get to borrow on the cheap because the rest of the world still believes in the full faith and credit of the US Government. If that changes we fuct biggy.
We have a fundamental problem in this country in that we want way more in benefits than we are willing to pay for them. And it's not just the fault of 'po people sucking off the guvmint tittays. -
Please tell me you understand the difference between a city restructuring their debt and the entire country. What happens to the value of the dollar if we even threaten to default?greenblood said:http://www.recordnet.com/news/20180124/stockton-gets-b-on-its-financial-report-card
I wonder if Stockton is strong financially because 5 years prior like doogie mentioned, all of their debt got wiped away.
I used to think that Trump saying declaring bankruptcy was a financial tool was idiotic. After reading into the Stockton situation, I'm beginning to see his point.
