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America's Deadliest And Poorest City Set To Disband Its Entire Police Force

Discussion in 'Survival/Preparedness Forum' started by Glock Man_G19, Sep 24, 2012.

  1. bdcochran

    bdcochran

    3,332
    333
    Sep 23, 2005
    Los Angeles
    underfunded
    — adj
    having or provided with insufficient funding

    Examples:

    1. You come to the end of the month and it is time to make the rent payment. You look at how much money you set aside for the rent, ask your sister for another loan and receive it, you raid the piggy bank - and you are still short.

    or

    2. a retirement or pension fund looks at the value of its investments, how old the people are who may retire, figure out how many will die before they retire, how much it will have to pay each month to each person when he/she retires (all this is the work of a person called an actuary). Then you estimate the rate of return you expect to receive on your investments until the day of reckoning (like the 7.75% annual return that I showed you - and which the retirement fund managers are not currently earning on the investments). If your figures come up short, you are underfunded.

    3. Remember the old joke about the guy who falls off the Empire State Building - gee I just passed the 35th floor and I am not dead yet! Same thing applies to funding of retirement benefits, an insurance company having money in the bank to pay health care claims as they roll into the company, you paying your bills as they come due. The problem is that people don't understand that they are in trouble years in advance if they do not do the proper funding. Your Congress voted to take the social security reserves and spend them for current programs many years ago. Few people outside of actuaries got their panties in a wad because the concept of underfunding is not understood until the bills come due.
    This applies to phds as well. I have a relative who retired two years ago, spent $75,000 on a daughter's wedding this year (and he borrowed for it), his wife is retiring next year, he cosigned for $250,000 on another daughter's student loans, just refinanced his house, and is driving 200 miles roundtrip to a football game with a friend next weekend. And, he was sweating the refinance of his house because he wouldn't be able to make the current payments if the refinancing wasn't done.:dunno:
     
  2. quake

    quake Millennium Member

    4,109
    61
    Aug 4, 1999
    Arkansas, USA
    I think this is an all-too-common reality here in the US now. Basically, 'Kyle and Courtney' can't make their monthly commitments without adding to their debt via credit cards or refinancing something. Yet they're still at the restaurants, still buying (and financing) new vehicles, still buying the newest iphones, and wouldn't consider life without 400 tv channels. Basically acting the way congress does.

    Same illogical stupidity; different primarily in that while Kyle and Courtney have mortgaged their own family's future to pay for their immediate gratification, congress has - and continues to - mortgage my family's future to pay for other people's immediate gratification.

    Not that I'm bitter or anything...
     


  3. bdcochran

    bdcochran

    3,332
    333
    Sep 23, 2005
    Los Angeles
    Quake isn't bitter.

    I'm not bitter either.

    For years I couldn't fathom the following:

    1. how people on food stamps would yack on a cell phone and then put the groceries in an SUV.
    2. how the recovering drug addict who made a living collecting empty liquor bottles behind the bar had the money to have a cell phone.

    I was truly puzzled. My first cell phone lasted 7 years. When the second one started having problems I bought a battery off ebay and priced a used cell phone of the same model at $14.

    Then I read about Obama phones and how 1 million residents of Ohio have Obama phones. Hey, I thought that the federal payments for phone service was for rural Americans who were indigent.

    No, I am not bitter, just awestruck at how a good project can go so wrong. Maybe we should hire people to do a study about how government should work, you know a brain pool, a series of czars (oops, I forgot, FDR pioneered the brain trust who successors now drain us).
     
  4. B.Reid

    B.Reid

    1,795
    0
    Jun 20, 2005
    Montana
    This is what Government unions will do to this country, I feel that most places have more Police than are needed anyway. They should not have police doing office work, that could be done by clerks.
     
  5. quake

    quake Millennium Member

    4,109
    61
    Aug 4, 1999
    Arkansas, USA
    It's not complicated topic, and not at all new either. Old as the history of the human race.

    What politicians should do:
    From Psalm 82


    What politicians tend to do:
    From Ecclesiates 5


    Politicians are supposed to protect the weak and administer equal (blind) justice, but America has, in the last few decades, done what most nations have historically done - we've allowed "politician" to become a class of its own; a tribe basically. And tribes inherently put the needs of tribe members before the needs of anyone else. So rather than protect the people and rules they've sworn to protect, politicians - being their own tribe - instead protect other politicians, and get protected by higher-up politicians when necessary.

    Basic tribal/human tendency, completely understandable & predictable. It's also avoidable, but avoidance takes vigilence & moral fortitude by the masses that is often easily overcome by "bread and circuses" as they say.

    Not complicated, not even surprising; just disheartening & frustrating.
     
  6. PaulMason

    PaulMason

    4,516
    981
    Feb 10, 2010
    Yes, I can see something similar happening.
     
  7. PaulMason

    PaulMason

    4,516
    981
    Feb 10, 2010
    Last edited: Sep 30, 2012
  8. pugman

    pugman

    6,100
    255
    May 16, 2003
    Wisconsin
    The only thing which shocked me about this article was the fact it was Camden and not Detriot.

    I'm 42..turning 43 in 11 days. Within my lifetime the fed will collapse (In all honesty, I have a $1,000 standing bet its within five years).

    Some educated estimates put the advertised national debt at $30 trillion within four years with an Obama victory - not that I think Romney will save us. By this point unfunded liabilities could exceed $250 trillion dollars - this is a number you generally only hear astronomers talk about

    Stay Alert, Focus on your B's and get ready...its going to be a bumpy ride