Politics, Religion & Controversy Politics | Religion | Controversy (Non-Corvette)

America's largest cities drowning in debt

 
Old 05-14-2019, 08:17 PM
  #1  
GreyHawk
CF Senior Member
Thread Starter
 
GreyHawk's Avatar
 
Member Since: Feb 2000
Location: Summerville SC
Posts: 7,345
Likes: 0
Received 1 Like on 1 Post
Default America's largest cities drowning in debt

America's largest cities drowning in debt, with Chicago leading the way, study finds





America’s 10 largest cities, largely Democrat strongholds, are drowning in municipal debt, according to a new report from government watchdog Truth in Accounting.

The report sought out “to determine what ... overlapping financial entities mean for taxpayers’ bottom line.” Truth in Accounting said its purpose was to “calculate the various bills (and surpluses, when available) at the city government level and divide them out to determine a per-Taxpayer Burden.”



The two cities with the highest burden: Chicago and New York City; Chicago’s combined taxpayer burden: $119,110; New York City’s combined taxpayer burden: $85,600.



America’s 10 largest cities are drowning in municipal debt, with Chicago, pictured, leading the way, according to a new report from government watchdog Truth in Accounting. (iStock, File)


Chicago has been a hotbed for such burdens.

The Chicago City Council approved $2.4 billion in tax subsidies for two major developments in early April. Protesters gathered at City Hall chanting against the deals. Critics said the projects are in prosperous parts of Chicago and developers should pay for infrastructure improvements, not taxpayers.

  • Chicago’s combined Taxpayer Burden: $119,110
  • New York City’s combined Taxpayer Burden: $85,600
  • Los Angeles’ combined Taxpayer Burden: $56,390
  • Philadelphia’s combined Taxpayer Burden: $50,120
  • San Jose’s combined Taxpayer Burden: $43,120
  • San Diego’s combined Taxpayer Burden: $35,410
  • Dallas’ combined Taxpayer Burden: $33,490
  • Houston’s combined Taxpayer Burden: $22,940
  • San Antonio’s combined Taxpayer Burden: $16,660
  • Phoenix’s combined Taxpayer Burden: $13,290 ​​​​​​
....
More at link
GreyHawk is online now  
Old 05-14-2019, 08:29 PM
  #2  
Poppa Bud
CF Senior Member
 
Poppa Bud's Avatar
 
Member Since: Dec 2006
Location: Longboat Key FL
Posts: 8,568
Received 2 Likes on 2 Posts
Cruise-In IX Veteran
St. Jude Donor '08-'09-'10-'11-'12-'13
Default

I could never live there.

IBLATB.
Poppa Bud is offline  
Old 05-14-2019, 08:39 PM
  #3  
su8pack1
CF Senior Member
 
su8pack1's Avatar
 
Member Since: Feb 2006
Location: Eastern PA
Posts: 38,283
Likes: 0
Received 23 Likes on 14 Posts
Default

I wonder if any of those cities are controlled by Republicans?
su8pack1 is offline  
Old 05-14-2019, 08:48 PM
  #4  
69L46
CF Senior Member
Support Corvetteforum!
 
69L46's Avatar
 
Member Since: Mar 2000
Location: In the heart of Bulldog territory..
Posts: 27,720
Received 53 Likes on 33 Posts
2015 C3 of Year Finalist
St. Jude Donor '15-'16-'17-'18-‘19
Default

I think the OP means America's largest Democratic sanctuary cities.

Here's the supporting data from the Forbes piece. Truly an eye-opener.

Big City Residents Have A Much Heavier Taxpayer Burden Than They Realize
69L46 is offline  
Old 05-14-2019, 09:02 PM
  #5  
LarsAtTheBeach
CF Senior Member
 
LarsAtTheBeach's Avatar
 
Member Since: Jan 2005
Posts: 46,270
Received 29 Likes on 10 Posts
St. Jude Donor '08-'09-'10
Default

Originally Posted by Poppa Bud View Post
I could never live there.

IBLATB.
LarsAtTheBeach is online now  
Old 05-14-2019, 09:05 PM
  #6  
Cygnus
CF Senior Member
 
Cygnus's Avatar
 
Member Since: Feb 2011
Location: San Francisco's North Bay California
Posts: 3,662
Likes: 0
Received 3 Likes on 3 Posts
Default

How did San Crapcisco not make the top 10 list? Our liberals must not be working hard enough.
Cygnus is offline  
Old 05-14-2019, 10:10 PM
  #7  
65Z01
CF Senior Member
 
65Z01's Avatar
 
Member Since: Dec 2000
Location: SE NY
Posts: 82,315
Likes: 0
Received 117 Likes on 111 Posts
Cruise-In II Veteran
Default

I wonder if those numbers are actually per tax-payer or really per resident.
65Z01 is offline  
Old 05-14-2019, 10:14 PM
  #8  
Christian66LEO
CF Senior Member
 
Christian66LEO's Avatar
 
Member Since: Dec 2008
Location: Upland Ca
Posts: 247
Received 0 Likes on 0 Posts
Default

Originally Posted by GreyHawk View Post
all shithole liberal bastions..........
Christian66LEO is offline  
Old 05-14-2019, 10:56 PM
  #9  
Tennis & Golf Nut
CF Senior Member
 
Tennis & Golf Nut's Avatar
 
Member Since: Apr 2014
Location: "Shitcago"
Posts: 8,255
Received 137 Likes on 56 Posts
Default

Chicago #1 Murder Capital

Chicago #1 Debt

At least we're #1 in something.
Tennis & Golf Nut is offline  
Old 05-14-2019, 11:35 PM
  #10  
KarlK
CF Senior Member
 
KarlK's Avatar
 
Member Since: Sep 2006
Location: No, I'm not related to PeterK
Posts: 45,143
Received 27 Likes on 16 Posts
Default

for Phoenix it's probably $200,000, they didn't count the illegals, only come voting time
KarlK is offline  
Old 05-15-2019, 04:07 AM
  #11  
tnvette2
CF Senior Member
 
tnvette2's Avatar
 
Member Since: Jan 2010
Location: Middle TN
Posts: 4,618
Received 1 Like on 1 Post
Default

Originally Posted by Christian66LEO View Post
all shithole liberal bastions..........
tnvette2 is offline  
Old 05-15-2019, 06:54 AM
  #12  
mrvette
CF Senior Member
 
mrvette's Avatar
 
Member Since: Jul 1999
Location: Orange Park Florida
Posts: 61,924
Received 131 Likes on 125 Posts
Default

Like it or not, one way or another, guess what?? ALL debt in this nation WILL be declared null and void some day soon enough the computers reset, then plastic money restarted.......most of the billionaires will be wiped out.....so tough **** for the liberals.....

no more .gov credit on anything, period......

want to go fight some useless stupid war on some region of the world to defend your business interests, go hire your own army Mr. Exon, Ford, GM, Cat, Banker......
mrvette is offline  
Old 05-15-2019, 07:10 AM
  #13  
Axelrod
CF Senior Member
 
Axelrod's Avatar
 
Member Since: Aug 2005
Location: North East
Posts: 8,151
Likes: 0
Received 12 Likes on 8 Posts
Default

Originally Posted by su8pack1 View Post
I wonder if any of those cities are controlled by Republicans?
None.

The listed cities have had dem controlled legislatures for decades
Axelrod is online now  
Old 05-15-2019, 07:13 AM
  #14  
Mcrider
CF Senior Member
Support Corvetteforum!
 
Mcrider's Avatar
 
Member Since: Mar 2018
Posts: 4,416
Received 512 Likes on 239 Posts
Default

**** every last one of them. They elected the ******** that buried them in debt, so let them suffer the consequences.
Mcrider is offline  
Old 05-15-2019, 08:02 AM
  #15  
mrvette
CF Senior Member
 
mrvette's Avatar
 
Member Since: Jul 1999
Location: Orange Park Florida
Posts: 61,924
Received 131 Likes on 125 Posts
Default

Originally Posted by Mcrider View Post
**** every last one of them. They elected the ******** that buried them in debt, so let them suffer the consequences.

HEHEHEHA HAHAHA WHAT consequences?? so they elect a new city .gov so what??

the new guy just laughs and has to admit the same reality....BK for the city.....all debts are declared null and void.....
mrvette is offline  
Old 05-15-2019, 08:39 AM
  #16  
BobG
CF Senior Member
 
BobG's Avatar
 
Member Since: Dec 2000
Location: kalifornia
Posts: 12,518
Likes: 0
Received 0 Likes on 0 Posts
Default

All a small price to pay for the glory of liberalism, and all of the evil, oppression, perversion, and misery it has brought to every society in the history of man.

No liberal cares about things like that, as that is all "other people's money". And they won't be working to pay it off anyway, they have their "free stuff" and don't have to worry about it.
BobG is offline  
Old 05-15-2019, 10:26 AM
  #17  
Range_Rat
CF Senior Member
 
Range_Rat's Avatar
 
Member Since: Mar 2006
Location: Cedar Falls Iowa
Posts: 1,632
Received 107 Likes on 65 Posts
Default

Looks like a great list of places NOT to consider for residency.

It's funny (and worth noting) that the states that these cities are located in ALSO have fiscal problems (current and emerging) ranging from significant to severe.
Range_Rat is offline  
Old 05-15-2019, 10:29 AM
  #18  
Snoopysvet
CF Senior Member
 
Snoopysvet's Avatar
 
Member Since: Oct 2006
Location: Occupied San Diego Calif
Posts: 6,644
Received 11 Likes on 11 Posts
Default

Originally Posted by su8pack1 View Post
I wonder if any of those cities are controlled by Republicans?
San Diego was the last big city in California to turn from reasonable governance to insanity. Having a strong military presence has kept San Diego from sliding down the rabbit hole.

The past ten years have been a nightmare, we went from a mayor (Bob Filner) who could not keep himself from groping woman to Kevin Faulconer a RHINO if I have ever seen one. Faulconer could not even manage to keep a football team in this city.

The past few years our city council has gone full Libtard, we are a few years behind LA and San Fran. In the past five years we have had a tremendous amout of homeless people. Every major intersection has homeless people asking for money.

Housing developers have been vilivied in the past hence there has been very little housing starts, then the price of housing goes up, rents go up and the solution? More taxes to help the homeless! (They call this a sunshine tax, cute)

In February the city council removed restrictions from people living in their cars, now there are parked cars and campers all over the place, dumping sewage on the streets, acousting people for money etc. Yesterday the city council reversed itself from the backlash and is now designating certain areas of the city where you can live in your car. Prop 47 made things worse.

I am 60 years old and I will not retire in this state, I will take my money and move elsewhere.

Last edited by Snoopysvet; 05-15-2019 at 10:34 AM.
Snoopysvet is offline  
Old 05-15-2019, 11:34 AM
  #19  
919cw313
CF Senior Member
 
919cw313's Avatar
 
Member Since: Jan 2016
Location: PNW
Posts: 3,563
Received 350 Likes on 302 Posts
2018 C6 of Year Finalist
Default

Just give the typical lib solution--raise taxes, that'll fix it.
919cw313 is offline  
Old 05-15-2019, 11:37 AM
  #20  
'Shifter
U*S*A-Love It or Leave It
Support Corvetteforum!
 
'Shifter's Avatar
 
Member Since: Oct 2006
Location: Trump in 2020!
Posts: 14,880
Received 207 Likes on 178 Posts
St. Jude Donor '08-'09-'10-'11-'12-'13-'14-'15-'16-'17
NCM Member '09

Default

Originally Posted by su8pack1 View Post
I wonder if any of those cities are controlled by Republicans?
Phoenix is largely republican, but things are changing as more commie Kalifornians look for a new state to destroy.
'Shifter is online now  

Thread Tools
Search this Thread
Quick Reply: America's largest cities drowning in debt


Sponsored Ads
Vendor Directory

Contact Us - About Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: