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The unions say bankruptcy, which would let the city renegotiate its debts and labor contracts, is not needed.
The unions know that bankruptcy would invalidate all of their contracts with the city.
1 posted on 05/13/2008 7:50:21 AM PDT by SmithL
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To: SmithL

Half Moon Bay is next...

Chapter 9 BK’s will be happening by towns all across california as housing prices (and property taxes) continue their 25% decline (at least).. and thus too city revenues.


2 posted on 05/13/2008 7:53:23 AM PDT by HamiltonJay
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To: SmithL

It’s amazing that we live in a country where a city or county can file bankruptcy and no one gets tarred and feathered.


3 posted on 05/13/2008 7:58:53 AM PDT by Psycho_Bunny
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To: SmithL

TOO LATE - you greedy unions


6 posted on 05/13/2008 8:11:41 AM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: SmithL; SierraWasp; tubebender

Last week my BIL and SIL visited us, and both are Harley riders and wanted to go the Harley store in Vallejo.

We took them there from 11 am to noonish.

While we were there two of the Harley employees and two customers said that in the evenings, 911 cop calls were being handled by the Benicia Police with a minimum of a 30 minute response time.

Apparently things are as bad in the Vallejo fire deparmtent as the Vallejo so called leaders have apparently queried the fire departments in other cities re coverage. Those requests were not met with great positive responses.


7 posted on 05/13/2008 8:19:59 AM PDT by Grampa Dave (Hussein Obama"Hama's" Pastor, Jeremiah Wright: "God Damn America, U.S. to Blame for 9/11")
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To: SmithL
The unions know that bankruptcy would invalidate all of their contracts with the city.

Yep. And all of those platinum plated benefits would (hopefully) go bye-bye.

11 posted on 05/13/2008 12:08:13 PM PDT by jrp
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