- COLOR OF LAW FILES
- Consumer ALERT
- FOR SALE ADS
- FREE STUFF
- Health Lifestyle
- Hermann MO Student News
- Local Stories (Hermann)
- Mid-Missouri Area News
- Money and Markets
- Music Videos
- National News
- Senior News
- Sports (STL KC Mizzou)
- TECH News
- Veteran News
- World News
- ► September (126)
- ► August (56)
- ► July (48)
- ► June (133)
- ► May (200)
- ► April (195)
- ► March (245)
- ► February (295)
- ► January (366)
- Porter Stansberry: Bumpy Road Ahead; Go for Intern...
- Missouri Proposes to RaiseTax on Tattoo Artists an...
- One Person Still Missing, Hundreds Evacuated After...
- Mexico Missouri Based Sydenstricker Implement buys...
- Fourth suspect in Bass Pro Shop Christmas Eve shoo...
- 10,000 Pages Views Last 30 Days - New Milestone Fo...
- Hermann Electric Department Helps Out Owensville M...
- Pension "Armageddon" Pension stories seem to be go...
- Poll: Baby Boomers Fear Outliving Medicare Benefit...
- MoDot of Missouri - State Rail Plan Needs Public I...
- Missouri Loses Heartbreaker to Iowa in Insight Bow...
- Congress to Demand Answers from Big Sis TSA in Air...
- DARK SIDE OF BIG SIS: AGENTS SEARCH HOME OF PILOT ...
- Historic Missouri Church in Fulton to Ring Bells i...
- Gasconade County Courthouse Society Meeting - 12/2...
- 7 Hermann High School Girls Basketball Players on ...
- ▼ Dec 29 (16)
- ► November (236)
- ▼ December (327)
Wednesday, December 29, 2010
Pension "Armageddon" Pension stories seem to be going viral lately, not any story in particular, just the sheer number of them
Pittsburgh, Pennsylvania whose pension problem was called a “financial Armageddon” by two city councilors yesterday, joins cities such as San Diego and states such as Illinois and New Jersey that may cut services or raise taxes to meet ballooning retirement costs. Those states and 18 others skipped payments or underfunded their retirement systems from 2007 to 2009, according to an October 2010 report from Loop Capital Markets in Chicago.
Raising taxes is not the answer. It would encourage both white flight and business flight. Higher property taxes would cause more bankruptcies from people already on the edge, barely able to get by right now. Higher taxes certainly would do nothing to attract business.
Gary, Indiana twice received special permission from the state to raise taxes to meet funding requirement. The result is taxes are higher and Gary is still broke. Instead, Indiana, one of 26 states that do not allow municipal bankruptcies, is about to. For details please see Indiana Bill Would Allow Cities to Declare Bankruptcy; Gary, Lake Station, Georgetown Likely Candidates; Hands Tied in Rhode Island
. Click Here for more info.
http://HermannHearsay.blogspot.com/(Hermann Area News, Commentary & Discussion)
SCHOOL CLOSINGS UPDATED EVERY 2 MIN. CLICK BELOW!!!
Top Ten Viewed Stories / Last 7 Days
________________________________________________________________________________ The Obama administration’s requirement that most citize...
AS OF THIS MORNING, NOV. 15th: CASE.NET IS NOW AVAILABLE ON THE WEB AGAIN! _________________________________________________________ At ...
Eliot McDonald UPDATE: July 28, 2011 McDonald was riding the bed of a pickup truck driven by River A. Filla, 16, Villa Ridge, according t...
_________________________________________________________________________ Silver and gold near lifetime highs April 28, 2011 By Lewa Pardo...
_____________________________________________________________________________ St. George Holiday Rectory Tour December 11-12, noon - 8 ...
___________________________________________________________________________ Hermann Missouri Honor Roll High School 2010-11 - 1st Semester...
Bald Eagle Nest Cam 3 Eaglet Chicks April 7th Seven Weeks Later Juveniles NOT FLYING YET VIDEO UPDATE: LIVE Bald Eagle Cam Added to Hermann Mo News Web PageMay 27, 2011 ________________________________________________________________________ LIVE VIDEO CAM IS EMBEDDED ON 'HERMANN MO NE...
_________________________________________________________________________ Small WWII rocket found in KC-area lake By The Associated Press...
___________________________________________________________________________ The Hermann city council meeting that was scheduled for Monda...
Hermann MO News TOP 10 Stories/ Last 30 Days
Japan Fukushima Daiichi Nuclear Power Plant: Radioactivite seawater highest-ever level recorded in history UPDATE: Japan Radiation fallout affecting food safety across North America UPDATE: ROBOT VIDEO RELEASED UPDATE: Japan Radiation Found in East St. Louis UPDATE: Nuclear Nightmare VIDEO: Japan Nuclear Plant New Threats Could Persist Indefinitely Warn U.S. Government Engineers !!! UPDATE: Radiation Level in Japan Seawater Millions of Times Above Legal Limit UPDATE: Japan Radiation Fallout Detected In Illinois UPDATE: Radiation Detected Throughout U.S. from Japan Nuclear Fallout UPDATED: Japan Fukushima Fallout Reaches U.S.A.Level of Radioactivity in Seawater near Fukushima Plant Near Hitting Record www.arirang.co.kr April 26, 2011 The amount of radioactivit...
VIDEO: Politicians Are Bought GET MONEY OUT OF POLITICS - MSNBC Dylan Ratigan Discusses Separation of Business and State, OWS . . ______...
Missouri Lawmakers Seek to Outlaw More Synthetic Drugs UPDATED: Risky Business Snorting Bath Salts to Get Cocaine-Like High, "Ivory Wave," "Bliss," "Vanilla Sky"_______________________________________________________________________________ UPDATED: Feb 24m 2011 Missouri lawmakers propose outlawi...
Average Penis Size by Country World Map an Internet Web Sensation TOO MUCH INFORMATION FOR ANY TOM, DICK or HARRY...lol_________________________________________________________________________ Who has the biggest penis? According to this map, he isn't Au...
_________________________________________________________________________________ The opening weekend of the firearms deer hunting season ...
Amber Pezold, Lauren Dudgeon, Karinne Lane, Laura Rethemeyer, Jessica Zeiss, Hermann Girls Track Team Land On STLhighschoolsports.com Honor Roll_________________________________________________________________________ ________________________________________________________________...
The photo IS NOT RELATED TO THIS BUST...it is just one of several ways indoor growers try to beat the system. _____________________________...
Image provided by NASA, taken Oct. 6, 2004, by the Cassini Saturn Probe, shows the planet Saturn and its rings. __________________________...
Top 10 Stories - All-Time (Oct. 14,2010 Inception)
Kim Kardashian ______________________________________________________________________________ You searched and searched. And what - or ...
THE BEATLES- HERE COMES THE SUN - Music Video - Poor Richard 2011 B-Day 52nd thank you Lord for another morning____________________________________________________________________________________ " Here Comes the Sun " is a song by George ...
_________________________________________________________________________________ Zodiac Signs Change? _________________________________...
Rising floodwaters spread across the runway of the airport at Rockhampton, in eastern Queensland. _________________________________________...
_________________________________________________________________________ Convicted rapist and kidnapper in Hornbeck case stabbed multipl...
________________________________________ World War II Pearl Harbor Veteran Tribute & Memorial...Thank You For all That You Have Done!!...
_________________________________________________________________________ Miss Universe entrant Catalina Robayo 'reprimanded for not w...