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The City of Houston Is Bankrupt

Discussion in 'BBS Hangout: Debate & Discussion' started by optAmystik, Nov 4, 2009.

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  1. optAmystik

    optAmystik Member

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    #1 optAmystik, Nov 4, 2009
  2. Landlord Landry

    Landlord Landry Member

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    Brian Cushing and Trevor Ariza are generating more buzz, and rightfully so.
     
    #2 Landlord Landry, Nov 4, 2009
  3. optAmystik

    optAmystik Member

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    Obviously, I'm a Rockets fan too, but I find your reply typically pointless. BTW, you could not have possibly read the article that quick. How very informed of you.
     
    #3 optAmystik, Nov 4, 2009
  4. Ari

    Ari Member

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    The whole freakin' country is bankrupt, and Houston is doing far better than most.

    I just watched an interview segment with two top economists, one of whom was Niall Ferguson, and my GOD did he depress me! I found it incredibly depressing precisely because it made so much sense. All I know is Warren Buffett will rue the day :eek:
     
    #4 Ari, Nov 4, 2009
  5. optAmystik

    optAmystik Member

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    yes D E P R E S S I N G ... DEPRESSION ... by design. All of the financial base is moving to Dubai UAE & China.
     
    #5 optAmystik, Nov 4, 2009
  6. YugoRocketsFan

    YugoRocketsFan Rookie

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    legalize mar1juana!
     
    #6 YugoRocketsFan, Nov 4, 2009
  7. Landlord Landry

    Landlord Landry Member

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    kind of like your post? a link and a one liner. impressive?

    Cushing RULES!
     
    #7 Landlord Landry, Nov 4, 2009
  8. Shovel Face

    Shovel Face Member

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    Please o please tell me we still have the 7 million for "Tolerance Bridge".

    :( :( :( :( :( :(

    [​IMG]
     
    #8 Shovel Face, Nov 4, 2009
  9. Fatty FatBastard

    Fatty FatBastard Member

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    "Bankrupt" is a relative term. Houston is 1.5B in debt according to that.

    Interesting that it is saying that it was built in the past 6 years. I certainly didn't see 300M worth of significant improvements every year for the past 6. Seems fishy.

    Regardless, it falsely assumes sales and property taxes will go down. Apparently these firms haven't noticed the mass influx of people moving to Texas.

    Cut the budget, and we'll be fine.
     
    #9 Fatty FatBastard, Nov 4, 2009
  10. JuanValdez

    JuanValdez Member

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    The timing of this finding is suspicious.
     
    #10 JuanValdez, Nov 4, 2009
  11. Deckard

    Deckard Blade Runner
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    Indeed. I'm sure it has nothing to do with a certain senate race.
     
    #11 Deckard, Nov 4, 2009
  12. Dairy Ashford

    Dairy Ashford Member

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    Isn't teh bankruptcy has to be declareds first?
     
    #12 Dairy Ashford, Nov 4, 2009
  13. MadMax

    MadMax Member

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    technically, you're bankrupt when you can no longer meet your obligations as they come due.
     
    #13 MadMax, Nov 4, 2009
  14. Ottomaton

    Ottomaton Member
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    I'm sure if they named it the "Freedom Bridge" and made it out of steel girders from the World Trade Center, you'd feel exactly the same way, right?
     
    #14 Ottomaton, Nov 4, 2009
  15. thadeus

    thadeus Member

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    No need to worry guys - the rich will stay rich!
     
    #15 thadeus, Nov 4, 2009
  16. R0ckets03

    R0ckets03 Member

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    LOL. Is that your theme of the day?
     
    #16 R0ckets03, Nov 4, 2009
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