It's About Liberty: A Conservative Forum
Topics => Economy => Topic started by: BMG on July 12, 2012, 09:16:45 AM
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LINK (http://www.latimes.com/news/local/la-me-san-bernardino-bankruptcy-20120712,0,2433019.story)
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.''
THIS IS WHAT LEFTISM DOES!
People in this country need to learn this lesson. For now however, those people living in states like California have made their beds and now they get to lie in them. I'll be dammed if I'll feel sorry for them AT ALL and I'll fight tooth and nail if/when the federal government gets around to 'bailing out' such states as they are 'too big to fail', etc.
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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.
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Nowhere in any of this have the words "retirement benefits" been mentioned.
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Nowhere in any of this have the words "retirement benefits" been mentioned.
Of course, if cities dissolve into nothing.....it won't matter. But I understand the point. No one wants to address the 800 lb gorilla that put most cities to the point of dissolving.
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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.
We're in the chute and picking up speed. It is literally all down hill from here.