[Pudding Biafra]

It’s not just cities in CA. You can expect Glen Cove, NY, to file for bankruptcy in the near future. It’s a small city of 26,000 on Long Island, with a budget deficit of $14 million. Their debt has been described as $2,000 per resident, so that makes it over $50 million. How one little city can get into so much trouble is beyond me.

I don’t think its union contracts that caused it. It was borrowing and more borrowing, with one administration leaving the mess for the next administration and no one bothering to clean it up.

[yorkie01]

Let’s all wait until Ovomit comments on this.

[LuxMaker]

I don’t think its union contracts that caused it. It was borrowing and more borrowing, with one administration leaving the mess for the next administration and no one bothering to clean it up.

If you are a politician and even attempt to clean it up I highly suspect that politician will be tarred and feathered as it will step on many many toes to do so. In essence that politician will be demonized for stopping and/or slowing the feeding at the trough.