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Biden's home town Union OWNED!

Steve

Well-known member
This story was a bit shocking,.. not that the town was heavily in debt and in deep trouble.. but that the union is willing to ruin the town just to get a few dollars more..

Scranton, Pennsylvania Careens Towards Bankruptcy; Real Whiff of Union Priorities; Reflections on Municipal Bonds

With public unions threatening to seize Scranton assets including fire trucks, how long will it take for Scranton to do the smart thing and declare bankruptcy?

The Times-Tribune reports Scranton police/fire unions get $21M judgment against city; may seize assets to collect.

Scranton's police and fire unions have received a judgment against the city for the overdue $21 million that the city owes the unions from a landmark arbitration ruling.

The money was due July 2, but the city has not yet paid and is still seeking borrowing or selling an asset to honor the bill, Mayor Chris Doherty said.

But the judgment means the unions now can seize city assets and sell them to collect what is owed, said city solicitor Paul Kelly and the unions' attorney, Thomas Jennings.

"Whenever a judgment is granted, you can go to the sheriff and levy against assets," Mr. Kelly said. "They (the unions) can sell city assets. They can sell firetrucks, garbage trucks - they can sell City Hall."

Mr. Jennings said, "Do I want to take firetrucks and City Hall? Of course not. But would I do it if I have to? In a New York minute

in other words.. the union would cripple the city for a buck instead of working with the city to get paid ..

Years of controlling City Hall through weak mayors, outrageous health care benefits, salaries that are double and triple the average Scrantonian's salaries, overtime scams, longevity pay, fat pensions....the list is endless. And when there's nothing left after they've picked the bones of the city's coffers for decades, they look to seize assets? I can hear them licking their greedy, greasy fingers now."

Indeed. But it is not just greedy unions. It takes two to tango. Greedy politicians willfully entered into devilish bargains with unions to get reelected.

That the city owes the money is not in dispute. The city did not contest the judgment sought and received Monday by the unions in Lackawanna County Court, Mr. Kelly said. Judge Michael Barrasse signed orders entering judgments against the city of $10.4 million for the fire union and $10.5 million for the police unions.

The judgment is the latest event in the epic labor saga between the mayor and unions that was fought against the backdrop of the city's longtime designation as financially distressed under state Act 47. Years of legal fights came to a head in October 2011, when the state Supreme Court issued its landmark ruling in favor of the unions. The city initially estimated the back-pay arbitration awards at $17 million, but an audit completed a few months ago pegged the figure at $20.9 million.

In the wake of the landmark ruling, both sides reached a settlement last summer that called for the unions giving the city a full year to obtain the court-awarded payment interest-free. After July, however, late damages of 6 percent - which equates to $100,000 per month, started kicking in, and the city now owes $200,000 for July and August, on top of the $20.9 million.

And the clock is ticking.

The city has been trying to raise the cash through a private placement bond to pay the unions, but so far has been unsuccessful.

"I haven't given it a moment's thought. But if that's where I've got to go to get the money, that's what I've got to do," Mr. Jennings said.

"You go for the big assets first. Why would I go for ballpoint pens? Why would I not start with the most valuable assets."

Taxes that are collected also are an asset that perhaps could be levied by the unions, he said.

Will ol Joe take a trip to Scranton now for another speech and praise the unions again?

or side with big goverment again?..

sadly the working class living there will be the ones who end up paying...
 

Steve

Well-known member
Traveler said:
Legalized extortion matures to reach it's logical conclusion.

wasn't that how the mafia did it.. start out demanding "protection money"..
and your troubles went away...

then when you were short they would loan you a bit of cash to get you by,...

soon they "owned" the business and forced you out...

but that was illegal..
 

Traveler

Well-known member
Steve said:
Traveler said:
Legalized extortion matures to reach it's logical conclusion.

wasn't that how the mafia did it.. start out demanding "protection money"..
and your troubles went away...

then when you were short they would loan you a bit of cash to get you by,...

soon they "owned" the business and forced you out...

but that was illegal..
Looks like they just renamed their organizations and gave some money to the Democrats and it became legal.
 
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