Who can save the City of Los Angeles from bankruptcy? - Draiman
I am a firm believer that you can accomplish more with honey than with vinegar.
The City of Los Angeles is on the brink of Municipal Bankruptcy. If that happens all of LA City employees will sustain a severe economic and financial blow, which cannot be rectified. The people who reside in the City of Los Angeles will sustain much hardship if this financial situation is not resolved amicably.
I propose that all parties handling the city finances and all Union organizations and other organizations that service the city should put all the cards on the table. Show all expenses and liabilities, a conservative approach to projected revenues, no fudging of expenses or revenues.
It is in the best interests of all parties to come to a compromise. Remember a piece of cake is better than no cake at all. Eventually the cow runs out of milk.
Today's economic and financial situation throughout Los Angeles and the rest of the country as a whole is the worst since the depression.
The City of Los Angeles must aggressively help businesses in trouble survive and court other businesses to locate in the City of Los Angeles. Businesses create jobs and revenues. We must look at the "multiplier affect of thriving businesses", which creates economic prosperity.