Monday, February 04, 2019

Kansas City Earns Financial 'Sinkhole' Status

Really great TKC reader news link suggestion . . . "Of the 75 most populous cities in the U.S., shows that 63 of them can’t pay their bills. The total amount of unfunded debt among them is nearly $330 billion. Most of the debt is due to unfunded retiree benefits such as pension and health care costs."

KCMO ranks #55 and falling. Checkit:

Bottom 5 "Sinkhole" Cities: New York, Chicago Lead The Way

9 comments:

Anonymous said...

KCMO is at the bottom of the rankings where it matters most, debt, and at the top, murders. This is how KCMO pushes forward to be a vibrant town. In 5 more years, 10 at the most, Detroit will have a partner in the bankrupt town listing. KCMO is getting there with more momentum than a train wreck.

Donald T. Rump said...

Give us time, damnit! We'll catch up with Chicago!
After all, "Romeo wasn't bilked in a Day"!

Anonymous said...

Part of the problem is, they are running off all the people who make money and spend money. In the end, there will only be the people who live off welfare and some low income SJW white people.

Anonymous said...

This is what happens when Democrats are in charge of cities. They control New York, Chicago, KC etc and all of those cities have financial problems. They promise that everything will be free.The Dems think there is an endless pot of money.

Anonymous said...

"Dems think there is an endless pot of money."

Quoting the above post.

In fact there IS AN ENDLESS POT OF MONEY AS LONG AS DUMB SHITS VOTE DEMS INTO OFFICE. THEY WILL TAX EVERYTHING AND EVERYONE UNTIL THERE'S NOTHING LEFT TO TAX. THEN ALL THE STUPID LIBS WILL WILL SEE WHAT SOCIALISM IS ALL ABOUT. BY THAT TIME WE ARE ALL FUCKED.

Anonymous said...

KCMO is ranked 55 and rising with a bullet!

Anonymous said...

Overly generous pensions will eventually catch up to cities and states. Then the feds will be forced to either have another financial melt down or borrow/print more money.

Anonymous said...

Failure of City Managers!

Dale said...

Donald Trump increased military budget by 117 billion and the Republican idiots want to finance it with a tax cut to their rich friends? the only thing worse than a tax and spend Democrat is a borrow and spend Republican. How much do you have to tax? Simple two answers. As much as you want to spend or as much as you have already spent. Who are you going to tax Simple . people who have money.