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Originally Posted by speechlesstx
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Detroit is a good example of taxation without representation.
The Detroit Bankruptcy | Demos
By cutting revenue sharing with the city, the state effectively reduced its own budget challenges on the backs of the taxpayers of Detroit (and other cities). These cuts account for nearly a third of the city's revenue losses between FY 2011 and FY 2013, coming on the heels of the revenue losses from the Great Recession and tipping the city into the cash flow crisis that it is now experiencing. Furthermore, the Legislature placed strict limits on the city's ability to raise revenue itself to offset these losses.
•The emergency manager's plan to pay the swap termination fees outside of the bankruptcy process should be abandoned. The bank counterparties should be made to bear the consequences of the original swap transaction, and they should be pushed to forego their projected profit (the measure of the termination payment), given the large profits they have already earned as a result of the unusually low interest rates that resulted from the financial crash. The emergency manager should also press for prorated rebates on the premiums for insurance on the swaps. And, if necessary, the state should be enlisted to guarantee the city's swaps to avoid payment of termination fees. The termination fees will become smaller as interest rates rise over time, which they are likely to do.
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Bah humbug! Dear Santa is the personification of love and unselfish giving, of sharing with friends and even strangers, that jolly old elf who puts smiles on our faces and gives spirits a lift.
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Mark Pryor, in his latest bid to protect his seat in light of his Obamacare vote, has rolled out a new ad.
Apparently he's now all about God, guns and gays. |
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One will in a blue state. He will be for Obama care and raising the minimum wage, IF he gets enough money for an ad at all.
Republican Party struggles with fundraising in blue state Connecticut |
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Obama's energy Secretary helpfully reminded us our energy boom has a transport problem.
Ability to transport U.S. oil, gas lags booming output: Energy Secretary | Reuters Meanwhile, the regime stonewalls Keystone for no apparent reason... |
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For those who keep hollering that people are running from us...seems people keep running from unions. Turns out they like their jobs and want to keep their jobs.
VW Workers in Chattanooga Reject Auto Workers Union - WSJ.com |
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