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Sixteen years
Today's Headlines
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Page 6: Politix
9 16:53 Bright Pebbles [] 
20 17:33 Charles [] 
Page 1: WoT Operations
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Page 3: Non-WoT
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Page 4: Opinion
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Home Front: Politix
Hartford (CT) Can Meet Financial Obligations For Only 60 Days; Bankruptcy Likely Without State Aid
[Hartford Courant] Mayor Luke Bronin fired a warning shot at lawmakers and Gov. Dannel P. Malloy Thursday, saying Hartford would seek permission to file for bankruptcy if the city didn’t get the state aid it needs by early November.

In a sharply worded letter to House and Senate leaders and to Malloy, Bronin cautioned: “If the state fails to enact a budget and continues to operate under the governor’s current executive order, the city of Hartford will be unable to meet its financial obligations in approximately 60 days.”

Malloy unveiled new budget proposals Thursday that would restore funding for municipalities and reject major education cuts planned for Oct. 1. Democrats and Republicans met in an attempt to reach common ground.

But Bronin warned that the “extraordinary measures” other towns are considering in response to the state’s ongoing budget gridlock — layoffs, cuts to services and drawing from rainy day funds — are actions Hartford has taken already.

In 2016, the mayor laid off 40 workers and cut millions from city departments. He also used most of Hartford’s rainy-day fund to help offset deficits. Still, Hartford had to borrow millions in June to help pay its bills.

House Majority Leader Matthew Ritter said he was optimistic that lawmakers would reach an agreement soon.

In July, Hartford hired an international law firm to explore the prospect of seeking Chapter 9 protection. Bronin said the firm, Greenberg Traurig, had “initial conversations” with a large bond insurer and that talks with bond holders are planned for the coming weeks.

Last month, Moody’s Investors Service noted that the financially troubled city was rapidly approaching debt repayment deadlines. Hartford owes $3.8 million in September and $26.9 million in October. The ratings agency said the city’s “path to fiscal sustainability will likely require debt restructuring along with some combination of labor concessions, other expenditure cuts and new revenues.”

Hartford wouldn't be the first city in Connecticut to file for bankruptcy. Bridgeport sought Chapter 9 protection in 1991, but a federal judge dismissed the petition, saying the city was capable of paying its bills.

Bronin must get approval from Malloy to file for bankruptcy.
Just a clue on why they're in the mess they're in...
Posted by: Pappy || 09/11/2017 00:00 || Comments || Link || [0 views] Top|| File under:

#1  Slowly at first, then all at once.
Posted by: SteveS || 09/11/2017 2:19 Comments || Top||

#2  Start the printing presses?
Posted by: g(r)omgoru || 09/11/2017 2:21 Comments || Top||

#3  Is Hartford one of those liberal piggy banks for Democrats?
Posted by: JohnQC || 09/11/2017 6:24 Comments || Top||

#4  State aid is gonna come with strings attached if the governor has any brains at all.
Posted by: Abu Uluque || 09/11/2017 10:00 Comments || Top||

#5  As with all these blue and bankrupt cities and states....

Let them die.
Posted by: DarthVader || 09/11/2017 10:08 Comments || Top||

#6  if the governor has any brains at all.

Gov. Dannel P. Malloy (D). 'Nuff said
Posted by: Frank G || 09/11/2017 10:18 Comments || Top||

#7  Bronin is a Malloy protégé.
Posted by: Pappy || 09/11/2017 10:52 Comments || Top||

#8  Both the state and its capitol are broke.

Ironically CT had no state income tax until 25 years ago. They are very proficient at collecting other people's money but not very prudent in spending it.
Posted by: regular joe || 09/11/2017 13:14 Comments || Top||

#9  >CT had no state income tax until 25 years ago

That's probably why they're broke, you need debt to replace the damage done by immoral income/sales taxes
Posted by: Bright Pebbles || 09/11/2017 16:53 Comments || Top||


Clinton: ‘I Am Done With Being a Candidate'
[FreeBeacon] Hillary Clinton said in an interview airing Sunday that her career as a political candidate is over, adding she was not finished with politics because "our country's future is at stake."

In an interview on the CBS program "Sunday Morning," Clinton declared she would remain active but that she was "done with being a candidate."

"Is your political career over?" CBS anchor Jane Pauley asked.


"Yes. As an active politician, it's over," Clinton said.

"You will never be a candidate for office‐" Pauley started.

"I am done with being a candidate, but I am not done with politics, because I literally believe that our country's future is at stake," Clinton said.

In her narration of the report, Pauley said Clinton still seemed "gobsmacked" over the defeat at the hands of Donald Trump, saying she "dishes out blame and she accepts responsibility."

Clinton hit Trump for saying being president was harder than he thought it would be.

"Well, yeah, because it's not a show. It's real. It's reality for sure," Clinton said.

The network interview, recorded Friday, is the first in a series of media appearances as Clinton promotes her memoir What Happened, which delves into her 2016 election loss.

In released excerpts, Clinton has laid blame for her defeat on herself but also on Sen. Bernie Sanders (I., Vt.), the media's coverage of her private email scandal, former FBI Director James Comey, Russian meddling in the election and other factors.
Posted by: Anomalous Sources || 09/11/2017 00:00 || Comments || Link || [0 views] Top|| File under:

#1  Riiiiight.

/Dr Evil
Posted by: PBMcL || 09/11/2017 0:51 Comments || Top||

#2  That's ... Deplorable.
Posted by: Snomble Throluter4608 || 09/11/2017 1:00 Comments || Top||

#3  A disgusting, corrupt, and evil woman.
It is okay to dis-like her formally.
I Hate her and will send her where I will send her husband.
Posted by: newc || 09/11/2017 1:30 Comments || Top||

#4  I'm pretty sure the market's already told you that twice, ya wizened battleax.
Posted by: Raj || 09/11/2017 1:59 Comments || Top||

#5  When she's 'Done with Being' a citizen of earth, ring me up.
Posted by: Besoeker || 09/11/2017 4:55 Comments || Top||

#6  I do hope she isn't serious; Americans need her to stay prominent, as a living reminder of exactly what the Democratic Party stands for: nothing more than a greedy, grasping, raw lust for power.

So keep on cackling, kvetching and scolding, Hillary! America needs you!
Posted by: Dave D. || 09/11/2017 5:25 Comments || Top||

#7  Thank God, free at last.
Posted by: JohnQC || 09/11/2017 6:25 Comments || Top||

#8  Wait a minute didn't she also say she was considering the Ministry? For a minute, I was enjoying my dream. Yeah, there is that part of Hillary that lies like a frigging bad rug.
Posted by: JohnQC || 09/11/2017 6:31 Comments || Top||

#9  Clinton: ‘I Am Done With Being a Candidate'

Meaning she'll run in 2020 for sure.
Posted by: g(r)omgoru || 09/11/2017 6:36 Comments || Top||

#10  ‘I Am Done With Being a Candidate'

"Next time, I'm not campaigning. Make it a coronation"
Posted by: Frank G || 09/11/2017 7:23 Comments || Top||

#11  "Next time, I'm not campaigning. Make it a coronation"

A coronation is what she thought she had in 2016. Well after all, it was her turn.
Posted by: Besoeker || 09/11/2017 7:27 Comments || Top||

#12  One would have thought the voters had told her that back in November.
Posted by: Pappy || 09/11/2017 9:03 Comments || Top||

#13  Of course she isn't done with politics. There is all that bribe money to launder for everyone and line her pockets with.
Posted by: DarthVader || 09/11/2017 9:05 Comments || Top||

#14  How's that Clinton Foundation thing holding up?
Posted by: Bobby || 09/11/2017 9:43 Comments || Top||

#15  She'd have got away with it if it wasn't for those pesky voters.
Posted by: Bright Pebbles || 09/11/2017 11:11 Comments || Top||

#16  Get ready for Chelsea - all that bribe money will be funneled through her.
Posted by: warthogswife || 09/11/2017 11:13 Comments || Top||

#17  BAHAHA! James Woods photo-slam of Hillary inspires the most hilarious GIFAPALOOZA yet
Posted by: Anomalous Sources || 09/11/2017 11:28 Comments || Top||

#18  She is now claiming the Russians helped Bernie.
Posted by: Deacon Blues || 09/11/2017 15:39 Comments || Top||

#19  The USSR would've helped fellow traveler Bernie, not Russia.
Posted by: Bright Pebbles || 09/11/2017 16:56 Comments || Top||

#20  I'm just waiting for her to break down and start claiming the "Little Grey people" hacked the voting machines and elected Trump to keep themselves secret.

I'm only half-kidding.
Posted by: Charles || 09/11/2017 17:33 Comments || Top||



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