Quote:
Originally Posted by Lucy - CSC
The best part is this. People responsible for the monitary crash they get government bailouts on top of their already ludicrasly high wages. The people just doing their jobs have pay cuts, wage freezes.
Fair in the land of the free?
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This isn't the case here at all. This is the local city government, not the federal government. My local city government didn't hand out any money to anyone, instead, it was just the reverse.
My town here lives on the outer edge of the suburbs outside of Sacramento. It was prime real state for building, and they built out a lot over the past ten years. In fact, in the recent past our town was one of the ten fastest growing towns in the US. Developers agreed to pay for and build roads, parks, community centers, and even fire stations to encourage the city to allow the building to take place. So the city took in money, not gave it out.
The reason the city is broke is because we were growing, and along with the growth came massive expansion - and an increased tax base. When the economy took a dump, the city was unable to quickly adjust. Case in point is the union contract - When the tax base shrunk, the city was unable to renegotiate the contract with the city employees.