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Response to backwoodsbob (Original post)

Fri Jun 28, 2013, 08:14 AM

2. Why can't the feds and the state just give the city $30 billion to erase the debt and hire people?

Clean slate. No more interest payments. Pensions fully funded. Money to demolish all the dilapidated buildings and build urban green spaces. And then the ongoing revenues would be enough to pay the cops and firefighters and repair the streetlights and cut grass and foreclose on unpaid property taxes (which could then be used to provide low cost housing for tens or even hundreds of thousands of homeless people).

Not to mention getting rid of the E.M. and giving control back to the elected officials. No financial emergency means no need for an emergency financial manager.

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backwoodsbob Jun 2013 OP
HiPointDem Jun 2013 #1
LineNew Reply Why can't the feds and the state just give the city $30 billion to erase the debt and hire people?
FrodosPet Jun 2013 #2
HereSince1628 Jun 2013 #3
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