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SEDNA

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Member Since: 9/2008Last Seen: 5/28/2009

Beggars Banquet

Read ArticleArticle Source: The New York Times
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This city is broke. Bankrupt. A ward of the courts. The police have pared their ranks, and every day two fire stations temporarily close, a rolling blackout of basic services.

Do we bailout Vallejo?

What about Philadelphia, Atlanta or Phoenix? They want $50 billion in emergency loans.

Years ago, when a close friend of mine lost his 75-year-old family retail business in Pittsburgh with the collapse of the steel industry, the federal government was nowhere to lend a hand to small business owners.

When aluminum factories in Spokane, Wash., folded after a corporate raider picked them to the bone, destroying the best middle-class jobs for blue collar workers in the city where I grew up, the government's advice to people losing their homes, cars and dignity was: Learn how to say, "You want fries with that?"

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{"commentId":4138071,"authorDomain":"sedna"}

If you’re a taxpayer without health insurance, or paying $12,000 a year on the open market to cover your family’s health, you wonder why you should offer bailout billions for somebody with a rich safety net.

Am pondering whether it is more economically responsible to turn to a program like universal health care or to bail out companies that pay out more to retirees than they do to their employees?

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  • 1 vote
Reply#1 - Thu Nov 20, 2008 10:36 AM EST
{"commentId":4139925,"authorDomain":"melonhead"}

As this drags on I am reminded of an expression may dad taught me:  "It's hard to remember the objective is to drain the swamp when you're up to your ass in alligators."

{"commentId":4139925,"threadId":"424056","contentId":"2132059","authorDomain":"melonhead"}
  • 2 votes
#1.1 - Thu Nov 20, 2008 12:42 PM EST
{"commentId":4140503,"authorDomain":"sedna"}

Ha!  You have me alternately laughing and crying, urb.  This situation also brings to mind the image of "whack-a-mole" when you look at the some of the approaches government is considering.  A very frustrating mess. Thanks for sharing your dad's wisdom.

{"commentId":4140503,"threadId":"424056","contentId":"2132059","authorDomain":"sedna"}
  • 1 vote
#1.2 - Thu Nov 20, 2008 1:19 PM EST
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