Former Mayor Richard Riordan: L.A. should consider filing for bankruptcy (Los Angeles: real estate market, pharmacy)

[AnUnidentifiedMale]

In a conversation with The Times over the weekend, Riordan argued that bankruptcy may be the only way to attack the structural problem gnawing the heart out of the city budget: unsustainable public employee pension costs.

"We need some adults to come alive in the city and to talk through how to meet that liability," he said. "If that doesn't happen, we shouldn't rule out bankruptcy."

Going for broke in L.A.? - latimes.com

Tough times, indeed. I don't understand how the city (and state) have allowed this to happen, and I don't think anyone knows how to get out of it.

[CALGUY]

Originally Posted by AnUnidentifiedMale

Going for broke in L.A.? - latimes.com

Tough times, indeed. I don't understand how the city (and state) have allowed this to happen, and I don't think anyone knows how to get out of it.

Tough times call for tough solutions.
What are these solutions?
Cut back city worker pensions, or do away with them completely.
Stop all further expansion in rail service.
Stop all financial services and housing , education, and medical to illegal aliens.
Cease and decist anything having to do with city bond issues.
In short, cut back on everything that does not involve public health and safety.
Like a household budget, the spending for things that can't be paid for has got to stop.
This is how the city, and the state got into this mess, and until someone in government wakes up and looks at the reality of the situation, it will never change.
Next time around when we vote, financial solvency had better be on the front burner, by electing candidates who see the need to stop this wasteful spending.
Bob.

[BRinSM]

certain portions of the city's budger are allocated to specific items and can't go to the general fund. the city needs to find which areas of the budget are working within their allowed funds and start their. maybe it's education, maybe it's utilities, maybe it's law enforcement/civil services, maybe it's transportation. regardless, union pandering has to stop or we'll all lose (including union members).

[majoun]

Originally Posted by BRinSM

certain portions of the city's budger are allocated to specific items and can't go to the general fund. the city needs to find which areas of the budget are working within their allowed funds and start their. maybe it's education, maybe it's utilities, maybe it's law enforcement/civil services, maybe it's transportation. regardless, union pandering has to stop or we'll all lose (including union members).

The city of L.A. doesn't have control over education.

LAUSD is completely separate from the city of L.A. although its territory overlaps with the city of L.A. and certain other cities within L.A. County. Remember Villaraigosa tried to take it over and failed to do so?

In any case, bankruptcy would be a really, really bad solution that would turn L.A. into Detroit. There is a substantial amount of waste in L.A. city government, and much of it is the fault of the unions as well as the structure of L.A. city government - this can definitely be cut. It would also help if L.A. stopped trying to shut down medical marijuana clinics that do not otherwise have some problem associated with them. Trutanich has his head up his ass.

[CALGUY]

Shutting down, or leaving open, marijuana clinics will have nothing too do with the financial crisis the city is faced with.
It's a dollar and cents issue, and as stated above, the unions have crippled this city financially.
As for those clinics, I think they should be shut down, and the perscriptions for marijuana(not some stupid paper signed by who knows who) should be filled at a qualified pharmacy like Rite-aid, Walgreens,or Cvs.
That would put an end to the blatant misuse of the system.
Bob.

[Fontucky]

Originally Posted by CALGUY

Tough times call for tough solutions.
What are these solutions?

Cut back city worker pensions, or do away with them completely.

In short, cut back on everything that does not involve public health and safety.

So public safety workers such as police and fire should continue to get funding, but those who have retired from those lines of work should be cut adrift?

[majoun]

Originally Posted by CALGUY

Shutting down, or leaving open, marijuana clinics will have nothing too do with the financial crisis the city is faced with.

Shutting the clinics down and prosecuting the owners is a blatant waste of city finances. Not to mention that if all the clinics got shut down that would hurt the commercial real estate market which is already suffering. You really want to make things worse?

That's just one example of waste, there are many others.

It's a dollar and cents issue, and as stated above, the unions have crippled this city financially.

Agreed but how is the waste of city financial resources not a dollar and cents issue? Furthermore, if the city collected tax revenues on the clinics the city would have more money.

Trutanich and Cooley's jihad against the clinics wastes money that otherwise would not be spent.

As for those clinics, I think they should be shut down, and the perscriptions for marijuana(not some stupid paper signed by who knows who) should be filled at a qualified pharmacy like Rite-aid, Walgreens,or Cvs.
That would put an end to the blatant misuse of the system.
Bob.

Guess you want to screw things up more than they're already screwed up. The minority of clinics that cause problems for the community should be shut down for being public nuisances just like some liquor stores are public nuisances, but that has nothing to do with weed, and the majority of clinics do not cause problems.

[MVG]

This is why RE Los Angeles...[url]www.fbiblacklistedspecialagentfrankjester.comGaldi[/url] vs. Megdal YCO30202 Case that touches bases with everything happening in the US collapse. -Until it is ACKNOWLEDGED AND ADDRESSSED the US will not recover.

[Dub D]

I watched a nice doc last night about the history of Crips and Bloods. LA has always had a mindsight of out of sight, out of mind. Hence why the gang problems with these two gangs are located in S. LA not across the entire city. If it were across the entire city, they wouldn't still be around. Imagine if they went 10 miles west into PCH country? Total and complete outrage would occur.

The State's problem goes back nearly a decade. We even saw it coming though we thought removing Gary Davis with Arnold will save us! Turns out, Arnold did more harm than good. The same can be said about Tony Villar. I consider him to be a complete and utter joke of a mayor. There have been problems in the city before the recession and now they are so obvious, they can't hide them anymore....no more out of sight.

[West of Encino]

Originally Posted by Dub D

I watched a nice doc last night about the history of Crips and Bloods. LA has always had a mindsight of out of sight, out of mind. Hence why the gang problems with these two gangs are located in S. LA not across the entire city. If it were across the entire city, they wouldn't still be around. Imagine if they went 10 miles west into PCH country? Total and complete outrage would occur.

The State's problem goes back nearly a decade. We even saw it coming though we thought removing Gary Davis with Arnold will save us! Turns out, Arnold did more harm than good. The same can be said about Tony Villar. I consider him to be a complete and utter joke of a mayor. There have been problems in the city before the recession and now they are so obvious, they can't hide them anymore....no more out of sight.

Baby Boomers in general ruined California and the USA.