"New York Must Declare a Financial Emergency"

[Jay]

Re: "New York Must Declare a Financial Emergency"

Actually it's simpler than that. Everything in our economy is organized around growth...growth in the workforce, growth in production output, growth in the number of workers that fund social programs for those that have exited the workforce through retirement.

The system simply cannot function without this. So if the indigenous population fertility rate is insufficient to keep expanding the workforce the only alternative is to promote immigration, or else the system starts running in reverse...and leads to all sorts of political and economic horrors :eek: :p as we are discovering [as are the continental Europeans and the Japanese].

I know, I just wanted to be pithy. You are the smart one when it comes to these things.

I might say, "it's all Ponzi! More babies!"

[cjppjc]

Re: "New York Must Declare a Financial Emergency"

Actually it's simpler than that. Everything in our economy is organized around growth...growth in the workforce, growth in production output, growth in the number of workers that fund social programs for those that have exited the workforce through retirement.

The system simply cannot function without this. So if the indigenous population fertility rate is insufficient to keep expanding the workforce the only alternative is to promote immigration, or else the system starts running in reverse...and leads to all sorts of political and economic horrors :eek: :p as we are discovering [as are the continental Europeans and the Japanese].

Whenever I say this to people they agree but don't really understand the ramifications. They nod their head and quickly try to get the thought to leave them. I believe Rickett has nailed it as far as debt/money is concerned. It just can't be repaid without impossible growth.

[GRG55]

Re: "New York Must Declare a Financial Emergency"

Whenever I say this to people they agree but don't really understand the ramifications. They nod their head and quickly try to get the thought to leave them. I believe Rickett has nailed it as far as debt/money is concerned. It just can't be repaid without impossible growth.

I know, I just wanted to be pithy. You are the smart one when it comes to these things.

I might say, "it's all Ponzi! More babies!"

Yep. The ultimate pyramid scheme. And we're all in the same boat because everyone is trying to achieve the same thing by the same means.

I found the western European situation particularly interesting a few years back when I was living abroad. When a number of east Europe nations, including Poland, were admitted to the EU the developed economies immediately put up labour mobility barriers to restrict them from "flooding" their countries. The UK was the only exception.

What I found interesting was that France had been admitting immigrants from Algeria and other former French colonies in Africa, and Germany has allowed immigration from Turkey for decades [although they were restricted from securing citizenship]. And then they ban east Europeans who's history, culture and religion have much more in common with west Europe than Algeria or Turkey. Go figure...

[Jay]

Re: "New York Must Declare a Financial Emergency"

Yep. The ultimate pyramid scheme. And we're all in the same boat because everyone is trying to achieve the same thing by the same means.

I found the western European situation particularly interesting a few years back when I was living abroad. When a number of east Europe nations, including Poland, were admitted to the EU the developed economies immediately put up labour mobility barriers to restrict them from "flooding" their countries. The UK was the only exception.

What I found interesting was that France had been admitting immigrants from Algeria and other former French colonies in Africa, and Germany has allowed immigration from Turkey for decades [although they were restricted from securing citizenship]. And then they ban east Europeans who's history, culture and religion have much more in common with west Europe than Algeria or Turkey. Go figure...

http://www.inthesetimes.com/article/2557/

Fear of the Polish Plumber:



I just love the ring to it, "The Polish Plumber." Sounds like a bad porno.

[GRG55]

Re: "New York Must Declare a Financial Emergency"

http://www.inthesetimes.com/article/2557/

Fear of the Polish Plumber:



I just love the ring to it, "The Polish Plumber." Sounds like a bad porno.

Lock up your daughters...

[Jay]

Re: "New York Must Declare a Financial Emergency"

BIG WRONG

Immigrants in NYC are:

1) Doctors
2) Computer Programers
3) Store Owners
4) Business owners
5) Real Estate Brokers
6) Bankers
7) Construction Workers
8) Taxi Drivers
9) Investors

The list can go on and on. Immigrants Built NYC. Immigrants contribute to the vibrancy of the city. Most Native New Yorkers are the Children or Grand Children of Immigrants. Jay I find your posts to be generally intelligent but please do not fall into the believing the immigrant stereotype. New York is the greatest experiment which proves that all people of vastly different cultures (168 nationalities represented) can peacefully co-exist in a relativley small geographic area and thrive given freedom and opportunity to compete to their ability. New York is the antithesis to sterotypical zenophobia.

fliped, the first part of what I wrote was tongue in cheek brother. I have a very strong immigrant work ethic from my family. Shouda put a smiley on it. ;) American's afraid of getting their fingers dirty makes me want to puke.

Thanks for letting me know I sometimes sound semi-intelligent. It can be tough to keep up with the Jones'; I do my best to fool a few now and then.

[Billwhc]

Re: "New York Must Declare a Financial Emergency"

In today's Casey's Daily Dispatch, "And once a person has learned to expect his or her daily bread to regularly arrive like manna, it takes almost no time for that expectation to be viewed as something of a birthright.
But it doesn’t stop there. As you don’t need me to tell you, because you belong to the species and so know this stuff intuitively, it’s also human nature for us to rarely be satisfied with our lot in life. Consequently, it won’t be long before the hand stretches out for more. Minimum wage was appreciated and all that, but it really should go up with some regularity. And, should the job go away, unemployment benefits are certainly not unreasonable. And, should those unemployment benefits run out, then extending them is only fair. A house to call home was a nice idea, and thanks for making that possible, but now that the bills are unpayable, it only makes sense to provide assistance to be sure that one doesn’t need to move out. And, hey, a person’s got to get to work – a new car, perhaps? Better schools, with a healthful lunch thrown in? It’s the “right thing to do.” And let’s not forget free healthcare if it’s not too much trouble, guv… or even if it is!"
The point is when we start giving to States, which States do we give to and which do we do not? I know states already get a great deal from the federal government, but if we save this time, will they learn? When do we stop giving. Why should they change their ways? Why should they cut back on services and when will States become self-reliant or do we care whether they do, or not? Bailouts are not free.

[goadam1]

Re: "New York Must Declare a Financial Emergency"

I took a trip in to New York this past weekend.

New York is a unique place a couple of observations.

The latest attraction is The High Line-http://www.thehighline.org/ - A train tressel that was built in the 1930's (I wonder if a Government stimulus program helped build it) that was used to deliver food and raw materials to second floor Warehouse loading docks.
New York has turned the Train Tressel into a PARK - Grass - flowers walking paths - and I'd bet there were some Federal Grants that help pay for this.....

Who needs a Train Tressel in New York City - Trains and Manufacturing are so 1800s .

Warren Buffet buys a Train Company and New York City turns a Train Tressel into a Park. Who is right?

Second Observation:
The Number of Immigrants in New York is mind blowing - and I'm not talking about wealthy Russians or rich foreign students. The vast numbers of poor who come to New York to better there lives is over whelming and it is surely swamping the budget of New York City.
**Disclaimer - I believe immigrants are vital to a society because they are often big risk takers who can create more wealth for a society. But, the huge numbers of immigrants has too require lots of social services and certainly a bigger school system.

I find it expensive to visit New York for 5-6 hours and I can't imagine how a immigrant survives in New York for years- unless they have a rich Uncle Sam or Uncle Bloomberg.

Much of the hi line was payed for with private donations.

[goadam1]

Re: "New York Must Declare a Financial Emergency"

I guess the extra dollar per cab ride fee isn't turning the corner.

[BK]

Re: "New York Must Declare a Financial Emergency"

IS a New York City the place to live during the Newx Oil crisis? I requires a great deal of Food (delivered by truck) to keep everyone well fed. The City recently turned a Manhatten based Train Tressel into a walking Park. Its is going to take a lot of Money to get the Train system back up to snuff for delivering the goods the City needs to function.

I'm often wrong - is a super big City the place to be or a slightly smaller city that is walkable and smaller population to feed?

[Fiat Currency]

Re: "New York Must Declare a Financial Emergency"

New York is the greatest experiment which proves that all people of vastly different cultures (168 nationalities represented) can peacefully co-exist in a relativley small geographic area and thrive given freedom and opportunity to compete to their ability. New York is the antithesis to sterotypical zenophobia.

Give us your poor, your tired, your huddled masses longing to be free ...

It worked last time :cool: