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Original post made
on Jun 21, 2009
Is that because of the city's cash reserve as collateral; the cash reserve that we are so eager to downsize?
Has no one yet learned to reign in the obsession with spending? Whatever happened to cutting back? Where are the voices of those who lived through the Great Depression and learned its harsh lessons?
OK, big spenders, let's become Menlo Park, the frugal city that can survive what promises to be a very long economic winter.
With all due respect to your knowledge of trains and the like, your apparent understanding of budgets and finance is sub par.
If you would just once write what has happened and not what you think will happen, at least you could not be accused of being inaccurate. The only thing we have in common with the GD is the financial market corruption.
Seriously, they are using one of the great Silicon Valley innovations in Iran to inform the world. Apple just released the latest and greatest of its phones to lines in the Apple Store...for a $300 phone...when most people have a $300 phone that is only a year old...
This is not your granfather's depression. Don't put that on Menlo Park.
Celebrate a AAA rating for crying out loud.
With all due respect, when bond ratings are assigned, the raters do not care about i-phones. The top criterium is reserves. Martin Engel is 100% spot on.
And so you are saying what? That the research is wrong? That the analysis of other cities is off? That you, on your couch, know more?
Don't mangle my point in yet another attempt to mislead people.
"Don't mangle my point in yet another attempt to mislead people."
Say, without that God-given ability, Hank would be nothing!
Don't let falsie hijack yet another thread!
Thanks for the value add, Joanne.
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