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!!!
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.
*****************************************************************
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!!!