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Old 10-07-2014, 11:44 PM
Location: Sylmar, a part of Los Angeles
8,260 posts, read 6,316,953 times
Reputation: 17286


A federal judge considering Stocktons bankrupcy has ruled. More cities may declare bankruptcy to get out from under the unions redicolous pensions. Best news for taxpayers in a long time, maybe we'll finally get public employees unions unbelievable pensions down to somewhat comparable to private sector pensions.
The LA Times doesn't think it will make much difference but their professional writers expert at putting a spin on everything to favor the unions and the Democrat party.
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Old 10-08-2014, 12:24 AM
Location: Carpinteria
1,199 posts, read 1,637,675 times
Reputation: 1184
Sad times. IMO It's the overall thefts from the system, not labors bargained agreements within the system, that are causing the bankrupt cities.
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Old 10-08-2014, 08:04 AM
Location: On the water.
21,591 posts, read 16,114,085 times
Reputation: 19658
Apparently the OP knows next to nothing about the realities of bankruptcy - and why municipalities don't file for it except in the worst possible extraordinary circumstances - which circumstances may include pension obligations but always include a far greater range and root of failures.
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