tag:blogger.com,1999:blog-8078379512095504946.post1806606463769013097..comments2024-03-26T06:17:49.527-07:00Comments on Had Enough Therapy?: Is New York City Going Bankrupt?Stuart Schneidermanhttp://www.blogger.com/profile/12784043736879991769noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8078379512095504946.post-84876567413186768042020-09-30T17:50:09.993-07:002020-09-30T17:50:09.993-07:00"plenty can start suing schools for fraud for..."plenty can start suing schools for fraud for selling diplomas whose sole values were were income generation for universities and social signaling for recipients."<br /><br />Oh, please, yes, let this occur, yes, please. Marvelous idea.<br /><br />True, you cannot default, but you can stop paying, or pay very little. Having all that money deferred will place great strain on the entire financial system, and on the federal government. Trying to recoup a 100k debt from an unemployed halfwit isn't going to end well eventually, whatever the law says. And if the parents are broke, who do they go to next?Giordano Brunonoreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-34726052339081844362020-09-30T10:04:11.029-07:002020-09-30T10:04:11.029-07:00Giordano,
the best job security is to be an elect...Giordano,<br /><br />the best job security is to be an elected democrat who decared small businesses "non-essential", thus setting into motion #2,3,4,5 and 6 of your laundry list. School loans can't be defaulted on, but plenty can start suing schools for fraud for selling diplomas whose sole values were were income generation for universities and social signaling for recipients.Fredrickhttps://www.blogger.com/profile/08574586401709392348noreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-52894834415281440952020-09-30T06:00:55.760-07:002020-09-30T06:00:55.760-07:00This is not just NYC. The successive waves to come...This is not just NYC. The successive waves to come:<br /><br />1. School loan defaults<br />2. Evictions of renters who are months past due and the counter-eviction movement causing defaults on properties<br />3. Commercial real estate collapse<br />4. City revenues in free fall<br />5. Small business bankruptcies<br />6. Retail, restaurant, and hospitality continues to decline<br />7. The collapse of government revenues at every level<br /><br />I see big structural changes all across the board<br /><br />Best job security right now is at a grocery store.<br /><br />Giordano Brunonoreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-39248859950926905622020-09-30T05:01:42.391-07:002020-09-30T05:01:42.391-07:00Watching DeBlasio's ideological driven leader...Watching DeBlasio's ideological driven leadership destroy NYC reminds me of Theodore Dalrymple's commentary "Why Havana Had to Die". This will all be blamed on Capitalism, Trump and his supporters, and the "systemic racism" from the fouding of the Republic to the present. <br />https://www.city-journal.org/html/why-havana-had-die-12360.htmlFredrickhttps://www.blogger.com/profile/08574586401709392348noreply@blogger.com