Southern California city of San Bernardino votes to declare bankruptcy

WillowTree

Diamond Member
Sep 15, 2008
84,532
16,091
2,180
As recently as last month, no city in California had opted for bankruptcy since 2008, and no U.S. city of more than 200,000 people had ever chosen bankruptcy.

The past two weeks have changed all that, in a big way, as the fiscal struggles faced by so many American cities became too much for some to bear.

San Bernardino became the third California city in that small span to choose Chapter 9 bankruptcy protection with a City Council vote on Tuesday night.


Read more: Southern California city of San Bernardino votes to declare bankruptcy | Fox News






they should just do the whole state and get it over with.
 
As recently as last month, no city in California had opted for bankruptcy since 2008, and no U.S. city of more than 200,000 people had ever chosen bankruptcy.

The past two weeks have changed all that, in a big way, as the fiscal struggles faced by so many American cities became too much for some to bear.

San Bernardino became the third California city in that small span to choose Chapter 9 bankruptcy protection with a City Council vote on Tuesday night.


Read more: Southern California city of San Bernardino votes to declare bankruptcy | Fox News






they should just do the whole state and get it over with.




good morning WIllow how are u today, this is sad story but in a way this is what conservatives and smart people have been saying and we've been saying its coming and three cities so far in a short span of time. The dominos have started. Scranton recently too and north Vegas last month.

SMH, well its a good morning for some.
 
As recently as last month, no city in California had opted for bankruptcy since 2008, and no U.S. city of more than 200,000 people had ever chosen bankruptcy.

The past two weeks have changed all that, in a big way, as the fiscal struggles faced by so many American cities became too much for some to bear.

San Bernardino became the third California city in that small span to choose Chapter 9 bankruptcy protection with a City Council vote on Tuesday night.


Read more: Southern California city of San Bernardino votes to declare bankruptcy | Fox News






they should just do the whole state and get it over with.




good morning WIllow how are u today, this is sad story but in a way this is what conservatives and smart people have been saying and we've been saying its coming and three cities so far in a short span of time. The dominos have started. Scranton recently too and north Vegas last month.

SMH, well its a good morning for some.







It's what happens when you put democrats in charge and declare yourself a "sanctuary state." Ole'
 
In CA every municipality, city or county has to kick in to the State. When this is over, CA itself will have to declare bankruptcy.
 
so does that mean you will give us back all the tax dollars that flow from us to you?
 
Well can't say I'm surprised.

The voters keep electing Dems to run things and we all know how that works out.
 
TaxProf Blog: Red States Feed at Federal Trough, Blue States Supply the Feed


States Receiving Most in Federal Spending Per Dollar of Federal Taxes Paid:

1. D.C. ($6.17)
2. North Dakota ($2.03)
3. New Mexico ($1.89)
4. Mississippi ($1.84)
5. Alaska ($1.82)
6. West Virginia ($1.74)
7. Montana ($1.64)
8. Alabama ($1.61)
9. South Dakota ($1.59)
10. Arkansas ($1.53)


In contrast, of the 16 states that are "losers" -- receiving less in federal spending than they pay in federal taxes -- 69% are Blue States that voted for Al Gore in 2000. Indeed, 11 of the 14 (79%) of the states receiving the least federal spending per dollar of federal taxes paid are Blue States. Here are the Top 10 states that supply feed for the federal trough (with Blue States highlighted in bold):

States Receiving Least in Federal Spending Per Dollar of Federal Taxes Paid:

1. New Jersey ($0.62)
2. Connecticut ($0.64)
3. New Hampshire ($0.68)
4. Nevada ($0.73)
5. Illinois ($0.77)
6. Minnesota ($0.77)
7. Colorado ($0.79)
8. Massachusetts ($0.79)
9. California ($0.81)
10. New York ($0.81)
Two states -- Florida and Oregon (coincidentally, the two closest states in the 2000 Presidential election) -- received $1.00 in federal spending for each $1.00 in federal taxes paid.
 
Ah...it must be conservative "obstructionism" that kept all the Democratic Governors from creating jobs, Grampa!!!

Those dang conservatives!!! (Eye roll)

Only TM is stupid enough to try and argue this...
 
you guys get money from us and then after you crash the economy you spit on us instead of giving us the money you STILL take from us.
 

Forum List

Back
Top