Saturday, August 20, 2011

Cry Baby Municipalities

I am so thoroughly enjoying the decline.



S&P finally decides to grow a spine, call them as they see them, and downgrades several municipalities and counties. And what does S&P run into????
But what is better than a perfectly grilled steak served to you by Jennifer Aniston is the reaction of these municipalities. They shoot the messenger and "fire" S&P.


So to all of you in LA, San Mateo and all the other municipalities that are nearly insolvent, permit me one simple question;


"How does "firing" S&P help fully fund your pensions?"


That decline is coming whether you idiots like it or not. And your arrogance and ignorance just makes it Hershey's syrup on the ice cream.

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