California going bankrupt...one city at a time!

Discussion in 'Economy' started by asaratis, Jul 11, 2012.

  1. asaratis
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    asaratis Uppity Senior Citizen Gold Supporting Member Supporting Member

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    San Bernardino on Tuesday became the third California city in less than a month to seek bankruptcy protection, with officials saying the financial situation had become so dire that it could not cover payroll through the summer.





    San Bernardino seeks bankruptcy protection - latimes.com

    The city's fiscal crisis has been years in the making, compounded by the nation's crushing recession and exacerbated by escalating pension costs, lucrative labor agreements, Sacramento's raid on redevelopment funds and a city reserve that is tapped out, officials said.

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    Do you think that one of these days (before we die) the unions will come to realize that their actions cause bankruptcies? Pensions, guaranteed high wages for little or no work, union rules...cause the companies that the unions work for to go BROKE!

    UNIONS ARE RUINING ECONOMIC SITUATIONS ALL OVER AMERICA!!!
     
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  2. Katzndogz
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    Katzndogz Diamond Member

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    Democrats are in charge. All of California is democrat. Democrats are in thrall to unions.

    But, we need a nice shiney new train!
     
  3. Oddball
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    Oddball BANNED Supporting Member

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    But...but...but...Speedy choo-choo gonna make them all rich beyond avarice! :lol:
     
  4. Truthmatters
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    Truthmatters BANNED

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    yeah thanks for crashing the economy you dumb fucks.

    these cities would not be bankrupt if your dumb fucking con land ideas had NOT crashed the world economy yet again
     
  5. Rat in the Hat
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    Rat in the Hat Gold Member

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  6. GHook93
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    GHook93 Aristotle

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    It's Bush's fault! I wonder if CA will still use that one? :eusa_silenced:

    The spineless CA politicians refuse to cut anything in order not to piss off the freeloaders and Union (one in the same in most ways) base! Now the bottom has fallen out and expect Greek Style protests and riots by entitlement seekers!
     
  7. Oldstyle
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    Oldstyle Gold Member

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    Gee, TM...why is it that cities in OTHER States are still solvent while they are dropping like dominoes in Cali?

    The fact is...California is the State that's adopted the most progressive agenda over the past forty years, therefore it's in the worst shape. But you can't SEE that...can you? Must be tough to go through life wearing ideological blinders like you do...
     
  8. peach174
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    peach174 Gold Member Gold Supporting Member Supporting Member

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    Even the far lefty city of San Francisco's Mayor did negotiations with the unions pensions.
    The ones who aren't are now going broke.
    Spineless Dems won't do anything.
     
  9. peach174
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    peach174 Gold Member Gold Supporting Member Supporting Member

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    News for ya TM, the Dems did that.
     
  10. Katzndogz
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    Katzndogz Diamond Member

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    The far lefty Mayor of San Francisco is now Lt. Governor. We have democrats in charge completely. Kamala Harris has made it her mission to sue companies out of the state as polluters and exploiters of the poor. They are happy to leave.

    California is a democrat state and the answer to what happens when democrats are in charge.
     

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