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Birmingham decides it cannot pay for....

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CCTAU

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Birmingham decides it cannot pay for....
« on: November 09, 2011, 05:25:01 PM »
ANYTHING!

Quote

Jefferson County votes to declare bankruptcy
By Alan Collins

Image
The Jefferson County Commission voted on Wednesday to declare bankruptcy, the largest municipality in U.S. history to do so. The commission voted 4-1 to declare bankruptcy after spending nearly two days in executive session. Commissioners met with lawyers to discuss proposals designed to settle its $3.2 billion sewer debt with creditors.  However, commissioners were unable to reach a consensus and instead voted to enter into Chapter 9 bankruptcy. Commissioner George Bowman was the only commissioner to vote against bankruptcy. The vote ends years of efforts to resolve the county's sewer debt crisis. Commission President David Carrington said this commission has faced several problems and, at this moment, the commssion does not have one agreement from creditors. "I'm sorry this has to be done," Carrington said. Carrington thanked county attorneys and emplyees and fellow commissioners for their work in the process. Copyright 2011 WBRC. All rights reserved
http://www.wsfa.com/story/16001353/jefferson-county-votes-to-declare-bankruptcy
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Five statements of WISDOM
1. You cannot legislate the poor into prosperity, by legislating the wealth out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it.
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friends, is the beginning of the end of any nation.

djsimp

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Re: Birmingham decides it cannot pay for....
« Reply #1 on: November 09, 2011, 05:34:55 PM »
Quote
The vote ends years of efforts to resolve the county's sewer debt crisis.

And when they say years, they mean lots of'em.
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Townhallsavoy

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Re: Birmingham decides it cannot pay for....
« Reply #2 on: November 09, 2011, 05:43:18 PM »
What exactly does this mean?
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The Guy That Knows Nothing of Hyperbole

wreckingball

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Re: Jefferson County decides it cannot pay for....
« Reply #3 on: November 09, 2011, 06:43:51 PM »
Birmingham and Jefferson County are two separate municipalities.
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Buzz Killington

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Re: Birmingham decides it cannot pay for....
« Reply #4 on: November 09, 2011, 07:58:54 PM »
Quote from: Townhallsavoy on November 09, 2011, 05:43:18 PM
What exactly does this mean?

If you live or work within the County, you are fucked.
It is really a restructuring of the approximately 4 Billion in sewer debt.  There are several other factors in play and the answers are really not known.

If the County owes you money at this point though, hope you can wait a long time to get it...
« Last Edit: November 09, 2011, 08:01:13 PM by Buzz Killington »
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Now I may be an idiot, but there is one thing I am not, sir, and that, sir, is an idiot.

Token

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Re: Birmingham decides it cannot pay for....
« Reply #5 on: November 09, 2011, 08:07:58 PM »
Quote from: Buzz Killington on November 09, 2011, 07:58:54 PM
If you live or work within the County, you are fucked.
It is really a restructuring of the approximately 4 Billion in sewer debt.  There are several other factors in play and the answers are really not known.

If the County owes you money at this point though, hope you can wait a long time to get it...

But you better damn know they are going to get theirs.
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Token

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Re: Birmingham decides it cannot pay for....
« Reply #6 on: November 09, 2011, 08:10:24 PM »
By the way, I don't feel sorry for any community that would allow Larry Langford to be voted in to ANY position of authority. 
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Buzz Killington

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Re: Birmingham decides it cannot pay for....
« Reply #7 on: November 09, 2011, 08:15:54 PM »
Quote from: Token on November 09, 2011, 08:10:24 PM
By the way, I don't feel sorry for any community that would allow Larry Langford to be voted in to ANY position of authority.

While I agree...he's not even close to the worst they have voted in over the years.
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Now I may be an idiot, but there is one thing I am not, sir, and that, sir, is an idiot.

Townhallsavoy

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Re: Birmingham decides it cannot pay for....
« Reply #8 on: November 09, 2011, 09:50:31 PM »
Glad I live out in Shelby County. 
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The Guy That Knows Nothing of Hyperbole

Kaos

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Re: Birmingham decides it cannot pay for....
« Reply #9 on: November 10, 2011, 08:21:21 AM »
Quote from: Token on November 09, 2011, 08:10:24 PM
By the way, I don't feel sorry for any community that would allow Larry Langford to be voted in to ANY position of authority.

Every time I go to VisionLand, I hug his statue. 



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If you want free cheese, look in a mousetrap.

Saniflush

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Re: Birmingham decides it cannot pay for....
« Reply #10 on: November 10, 2011, 08:27:00 AM »
Quote from: Token on November 09, 2011, 08:10:24 PM
By the way, I don't feel sorry for any community that would allow Larry Langford to be voted in to ANY position of authority.

Larry learned from the best....The good mayor Arrington started this whole ball rolling.
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"Hey my friends are the ones that wanted to eat at that shitty hole in the wall that only served bread and wine.  What kind of brick and mud business model is that.  Stick to the cart if that's all you're going to serve.  Then that dude came in with like 12 other people, and some of them weren't even wearing shoes, and the restaurant sat them right across from us. It was gross, and they were all stinky and dirty.  Then dude starts talking about eating his body and drinking his blood...I almost lost it.  That's the last supper I'll ever have there, and I hope he dies a horrible death."

GH2001

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Re: Birmingham decides it cannot pay for....
« Reply #11 on: November 10, 2011, 09:24:04 AM »
Quote from: Token on November 09, 2011, 08:10:24 PM
By the way, I don't feel sorry for any community that would allow Larry Langford to be voted in to ANY position of authority.

This
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WDE

AWK

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Re: Birmingham decides it cannot pay for....
« Reply #12 on: November 10, 2011, 10:32:35 AM »
Can't wait for my water/sewer bill to sky rocket.
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Redskins cornerback DeAngelo Hall said, "Guys don't mind hitting Michael Vick in the open field, but when you see Cam, you have to think about how you're going to tackle him. He's like a big tight end coming at you."

Buzz Killington

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Re: Birmingham decides it cannot pay for....
« Reply #13 on: November 10, 2011, 10:39:50 AM »
Quote from: AWK on November 10, 2011, 10:32:35 AM
Can't wait for my water/sewer bill to sky rocket.
Well...the good news is that you won't be waiting long.
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Now I may be an idiot, but there is one thing I am not, sir, and that, sir, is an idiot.

AWK

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Re: Birmingham decides it cannot pay for....
« Reply #14 on: November 10, 2011, 11:01:17 AM »
Quote from: Buzz Killington on November 10, 2011, 10:39:50 AM
Well...the good news is that you won't be waiting long.
I swear to God if it sky rockets I will cancel my bill and dig a hole in the backyard. 
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Redskins cornerback DeAngelo Hall said, "Guys don't mind hitting Michael Vick in the open field, but when you see Cam, you have to think about how you're going to tackle him. He's like a big tight end coming at you."

AUTailgatingRules

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Re: Birmingham decides it cannot pay for....
« Reply #15 on: November 11, 2011, 11:32:51 AM »
Quote from: AWK on November 10, 2011, 10:32:35 AM
Can't wait for my water/sewer bill to sky rocket.

My water bill may go up, but at least I'm on septic and don't have to pay sewer fees
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