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Started By
Message
re: New Orleans may run out of money soon
Posted on 8/4/26 at 5:05 pm to Major Dutch Schaefer
Posted on 8/4/26 at 5:05 pm to Major Dutch Schaefer
You won’t find me defending Helena Moreno. Or anyone on City Council.
0
Posted on 8/4/26 at 5:07 pm to stuntman
quote:
I don't know much about this issue at all, but if NOLA issues bonds, is the state somehow required to back them? If not, what's the problem w/ NOLA issuing them?
New Orleans was asking for long-term bond debt in order to pay for a operating expenses. It is a general principle in municipal/state finance that general expenses should not be financed by long-term debt. Calling such a move stupid and reckless hardly even covers how dumb-arse that is. Capital projects are what you need long-term financing for. Using it to pay payroll , utilities, general government services, etc. is malpractice.
Given that New Orleans citizens are also Louisiana citizens the State has an obligation to protect its citizens from paying $100 million+ in interest just to meet the day-to-day operation of the city for a few months.
Posted on 8/4/26 at 5:07 pm to SloaneRanger
quote:
Well starting that pissing match with the state sure is working out well for them.
Landry started the pissing match.
Posted on 8/4/26 at 5:22 pm to Major Dutch Schaefer
If New Orleans only collected a dollar from every tourist, that would be $20 million a year! How the hell do you run out of money when you have 20 million people a year coming to your city to spend money?!
Posted on 8/4/26 at 5:24 pm to Major Dutch Schaefer
Start cutting the gov't jobs... they don't do shite anyway
Posted on 8/4/26 at 5:32 pm to E Redcoat
quote:
There’s nothing conservative about cheering its demise or failing to value its historical, cultural, and economic importance.
Cheering? Who's cheering? But when absolute morons are elected that cannot efficiently run a sno cone stand for term after term after term... you have to, at some time, suffer the consequences of moronic voting habits.
It's not just NO. It's Jackson, MS.. Memphis, St. Louis, Chicago, Los Angeles, and now New York is on the clock. When you vote for something, dont cry when you get it.
Posted on 8/4/26 at 5:41 pm to Major Dutch Schaefer
Where does all the tourism/conference monies go? Nevermind.
Posted on 8/4/26 at 5:44 pm to KiwiHead
Mayors are dukes in a region where the King is top.
If you are a Duke or Duchess who cares little for the King then little is what you will receive. Politics is a real thing as I'm sure you already know.
If you are a Duke or Duchess who cares little for the King then little is what you will receive. Politics is a real thing as I'm sure you already know.
Posted on 8/4/26 at 5:51 pm to CleverUserName
The substance of my quoted post was that New Orleans is entering the “find out” stage - which is, according to the state legislative auditor, being better run and overall fine. So…I guess you’re not cheering which is cool, but also no one is crying. They seem to have a handle on it.
Posted on 8/4/26 at 5:52 pm to Major Dutch Schaefer
Couldn’t happen to a more deserving bunch.
Posted on 8/4/26 at 5:53 pm to KiwiHead
If Moreno was serious she would cut the number of city employees by 25% right now
Most have no show jobs
Most have no show jobs
Posted on 8/4/26 at 5:54 pm to 4cubbies
quote:
Landry started the pissing match.
Regardless of who started it, how do you think things are going for your beloved New Orleans?
Posted on 8/4/26 at 6:00 pm to Major Dutch Schaefer
Cut at least half of the City employees. You won’t even notice.
Posted on 8/4/26 at 6:49 pm to Major Dutch Schaefer
New Orleans has been out of money for about 150 yrs
Posted on 8/4/26 at 6:55 pm to KCT
quote:The French love taking in retards. How would you feel about being sold back to the French?
New Orleans is a perfect example of what happens when too many stupid people are congregated in the same place.
Posted on 8/4/26 at 6:56 pm to KiwiHead
quote:
Still don't know why Landry is playing this game with Moreno and preventing her from issuing bonds.
So the Governor wants to ensure that the place becomes a shithole
You leftist always want to blame someone else without taking any responsibility for your actions.
Posted on 8/4/26 at 6:56 pm to Jauquismos
The state needs to allow the City to file for bankruptcy protection. Get rid of all the pension obligations and other contractual obligations is the only way to get this city's finances back in order. Won't be popular but should have been done a decade ago
Posted on 8/4/26 at 7:00 pm to MrLSU
The state is forcing NOLA to get its fiscal house in order. This is actually good for everyone involved.
Posted on 8/4/26 at 7:03 pm to Major Dutch Schaefer
Does this mean 14KidsOnWelfare will quit posting?
Posted on 8/4/26 at 7:07 pm to JimEverett
Thanks a ton for the reply.
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