U.S. cities seek federal help to ease economic crisis

[BornAgain123]

http://news.yahoo.com/s/nm/20081114/us_nm/us_bailout_cities_1

PHILADELPHIA (Reuters) – Three major American cities buffeted by the global financial crisis are requesting at least $50 billion in federal funds to help pay for infrastructure improvements, pensions and short-term borrowing.

Philadelphia, Phoenix and Atlanta are asking U.S. Treasury Secretary Henry Paulson to release funds from the $700 billion financial bailout authorized by Congress last month.

Philadelphia Mayor Michael Nutter will hand-deliver the request to Paulson on Friday, spokesman Luke Butler said. Five or six other cities, including Chicago, may also sign on, Butler added.............

[JY11]

Everybody has their hand stuck out it seems. Where is all the money going to come from? <sarcasm>Can't we move up the innauguration of Good King Barack so he can get us out of this mess?</sarcasm>

[logosone]

OK, no sweat, we need to order some more RED ink though. :tsk

The mainline here needs to state 'THREE MORE' cities and how many states?

This really is the 'Nightmare Before Christmas' :yikes

[felixthecat]

Let's just "bail out" everyone.

Let's not encourage responsiblity - fiscally or otherwise.

What I know is that we have a BUDGET.
We don't OVER SPEND and SAVE for a "rainy day".
We live modestly. We don't live beyond our means or borrow on wishful thinking.

[KissyLoves]

Let's just "bail out" everyone.

Let's not encourage responsiblity - fiscally or otherwise.

What I know is that we have a BUDGET.
We don't OVER SPEND and SAVE for a "rainy day".
We live modestly. We don't live beyond our means or borrow on wishful thinking.

You said it!! :thumb

This leaves the door open for any and everyone to ask for money. Did they plant money-trees in Washington and forget to tell us?