Last week, the state’s Department of Finance informed cities of its proposal to steal borrow as much as 8 percent of local governments’ property tax revenues — giving the state an extra $2 billion. The cities could in turn borrow the money from the private sector, the proposal suggests, but city leaders scoff at the notion.
The muni’s can borrow (at interest, of course) from the private sector to make up what the state takes? Good luck with that!
We’ve got trouble at every tier of .gov.
We’ve got a president sorely deficient of any depth of knowledge of how business should be conducted (not that he’s much worse than the leechfucks populsting Wall St.). He relies on goons to set policy, and all these leechfucks know how to do is spend.
These ass-klowns have already committed to MORE THAN ONE-HALF OF THIS NATION’S G.D.P. to turn private banking institutions into what are now essentially GSE’s.
Spending isn’t the answer to our problems, the PPiP-tards just think of this as the easiest way out; not the smartest; not the best; just easy.
What else would you expect but a predictable and pedestrian response from bureacrats-for-life.
And they’ll be long gone from the party before the bill arrives.
And arrive it will.
When the only tool you know how to use is a hammer, everything starts to look like a nail.