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Facing the same financial stressors that pushed San Bernardino toward bankruptcy, cities across California are slashing day-to-day services and taking other drastic actions to skirt a similar fiscal collapse.For some, it may not be enough.
"There are likely to be more in the future, but it's hard to know, since a lot of struggling cities may manage to work things out,'' said Michael Coleman, a fiscal policy advisor for the California League of Cities. "Some cities may not go into a bankruptcy, but they may dissolve. They may cease to exist.''
Nowhere in any of this have the words "retirement benefits" been mentioned.
Rush also mentioned Scranton, PA yesterday. The town is down to $5000 in its accounts. The Democrat mayor just put all city employees, including fire and police, on minimum wage.Reality is not optional. We're finally there.