Tag: Philadelphia

More Bankruptcy Coming (to a city near you)

The top 10 biggest U.S. cities on the brink of pension bankruptcy.

#1 Philadelphia – Unfunded liability of $9 billion, $16,696 per household, only 1 year before the pension accounts are empty

#2 Chicago – Unfunded liability of $44.8 billion, $41.966 per household, money runs out in 4 years

#3 Boston – Unfunded liability of $7.5 billion, $30,901 per household, money runs out in 4 years

#4 Cincinnati – Unfunded liability of $2 billion, $15,681 per household, money runs out in 5 years

#5 St Paul – Unfunded liability of $1.4 billion, $13,686 per household, money runs out in 5 years

#6 Jacksonville – Unfunded liability of $4 billion, $12,944 per household, money runs out in 5 years

#7 New York City – Unfunded liability of $122 billion, $38,866 per household, money runs out in 6 years

#8 Baltimore – Unfunded liability of $3.7 billion, $15, 420 per household, money runs out in 7 years

#9 Detroit – Unfunded liability of $6.4 billion, $18,643 per household, money runs out in 8 years

#10 Fort Worth – Unfunded liability of $2 billion, $7,212 per household, money runs out in 8 years

via Business Insider.

This list was put together using data from 2010-12.  So Detroit is on the list… and not at the top.  So how was Detroit the first to go?  Because the tax base fled in mass.  The constant media attention to Detroit didn’t help either.  But kudos to them for filing early and getting it out of the way.  The longer you wait the worse it is for everybody.

Chicago sadly has the highest debt per capita.  The debt per household is approaching the average annual household income.  Who’s going to pay that off?  How many will participate in paying?  As Obama would say, will be make sure that everyone pays their fair share?

A Black Man in a KKK Hood: Race & Crime in Philly

In 2013, no one expects to see a man dressed in a Ku Klux Clan robe mid-morning in Center City, Philadelphia.  …

The man, who stood on the corner of 13th and Filbert on Tuesday, is not out to lynch or kill black people. In fact, he is black.Thirty-five-year-old Sixx King says he’s using the offensive symbol to highlight a serious problem: black on black crime.

“We’re bringing awareness to the black hypocrisy, complacency and apathy in the African-American community,” said King.

According to the FBI, in 2011 more than 7,000 black people were killed. King’s sign reads that the KKK killed 3,446 blacks in 86 years, while black on black murders surpass that number every six months.  …

Phelps-Washington rallied with King. Her son, Christopher, was among the 324 murdered in Philadelphia in 2011. Police say 85% of those killed that year were black.via CBS Philly.

I wrote a couple of weeks ago about how in Chicago blacks are 32.9% of the population but represent 78.7% of gun homicide victims.

According to the census Philadelphia is 43.4% black.  Here we’re told that 85% of those murdered in Philly are black.  This is as I predicted two weeks ago.

It is unfair and unjust that this does not get major media attention.  Years of neglect and failing schools have crippled inner cities and made them extremely violent places.  We’ve failed the young people in these places.

Kudos to Mr. Sixx King for his bringing attention to the issue.  I hope he gets some results in Philly.