jdraiman's  Instablog

Send Message
Yehuda “YJ” Draiman - Candidate for Mayor of Los Angeles 2017 YJ Draiman is the lead elected official 4th term, for the Northridge East Neighborhood Council – NENC, he is also the liaison between the NENC and LADWP. As an Energy Efficiency Advocate YJ Draiman is known for his advancement in... More
My company:
Energy savers 2
My blog:
YJ Draiman for Mayor of Los Angeles
My book:
American Energy Independence
  • YJ Draiman For Mayor Of LA Opening Statement - 2013 1 comment
    Feb 18, 2013 11:43 AM

    YJ Draiman for Mayor of LA Opening Statement - 2013

    I stand before you today at a time when our city's is in dire financial and economic crisis

    I have lived for over 6 decades and have experienced many economic crises, but this is the worst.

    In my humble opinion as the people of the city of Los Angeles, you have the right and are entitled to know the truth, the whole truth and nothing but the truth about your government and the true state of the city's financial and economic crisis.

    In order to solve a problem, you have to admit that there is a problem and the extent of the problem; otherwise, you will not be able to address the problem with a proper and dignified solution.

    No politician to date has informed the people of Los Angeles how dire and critical is our financial and economic situation. The politicians are trying to minimize the extent of our fiscal crisis.

    Let me tell you it is far worse than anyone can imagine. If the people of LA were to be shown all the true financial figures with realistic potential revenue generation and the future increased expenses.

    The city of Los Angeles would have a deficit of at least 4 billion dollars over the next 5 years, starting fiscal year 2013.

    That means if the people of Los Angeles feel a reduction in core services now, the situation will get much worse over the next 5 years with a real potential of Municipal Bankruptcy.

    LA is larger than many countries and has a greater number of people.

    I propose a solution to start the day I take office as a mayor on July 1, 2013.


Back To jdraiman's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (1)
Track new comments
  • jdraiman
    , contributor
    Comments (193) | Send Message
    Author’s reply » 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.


    YJ Draiman
    18 Feb 2013, 11:43 AM Reply Like
Full index of posts »
Latest Followers


  • Re: Israel - To Whom It May Concern In Europe, Asia, The US And Elsewhere: http://seekingalpha.com/p/24otv
    Dec 22, 2014
  • YJ Draiman For Mayor Of Los Angeles 2017 http://seekingalpha.com/p/1ph0p
    Apr 27, 2014
  • Common Sense - An Obituary - Interesting and sadly rather true Today we mourn the passing of a beloved old friend, Common Sense, who has
    Dec 1, 2011
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.