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Stockton bankruptcy: 'All that's left is sadness' for city
The Los Angeles Times ^
| June 27, 2012
| by Diana Marcum
Posted on 06/27/2012 11:28:01 AM PDT by Oldeconomybuyer
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Stockton California bankruptcy: 'All that's left is sadness' for city state
To: Oldeconomybuyer
Sorry, but nothing like reality to change minds.
2
posted on
06/27/2012 11:30:30 AM PDT
by
Deagle
(nOT Get a)
To: Oldeconomybuyer
They got what they voted for.
3
posted on
06/27/2012 11:33:06 AM PDT
by
Cicero
(Marcus Tullius)
To: Oldeconomybuyer
Lower taxes, increase tax incentives for businesses, do away with unions and cut benefits to illegals and see what happens, Stockton.
4
posted on
06/27/2012 11:36:37 AM PDT
by
Jane Long
(Soli Deo Gloria!)
To: Cicero
5
posted on
06/27/2012 11:38:27 AM PDT
by
sanjuanbob
(Festina Lente)
To: Oldeconomybuyer
Stockton Sports Arena
6
posted on
06/27/2012 11:38:51 AM PDT
by
Cicero
(Marcus Tullius)
To: Oldeconomybuyer
Vote in more Democrats. See how well it works?
No sympathy here. “California, Rest In Peace” as the song says.
7
posted on
06/27/2012 11:40:39 AM PDT
by
NFHale
(The Second Amendment - By Any Means Necessary.)
To: Oldeconomybuyer
Stockton bankruptcy: 'All that's left is sadness' for city...
"Let us continue to seek an America that is just and fair," Mr. Mondale said. "Tonight especially I think of the poor, the unemployed, the elderly, the handicapped, the helpless and the sad, and they need us tonight."
8
posted on
06/27/2012 11:44:37 AM PDT
by
Steely Tom
(If the Constitution can be a living document, I guess a corporation can be a person.)
To: Oldeconomybuyer; Cicero; seenenuf; mickie; flaglady47
The city of Stockton is the tail that wags the dog in San Joaquin county population-wise.
Voting Percentages for San Joaquin County in 2008 Presidential Election:
Obama.....54%
McCain.....44%
Other.....2%
Yup, the fact that you get what you vote for is right on the mark. Hardly even close in stuck-on-stupid Stockton. Mass delusion reigns supreme non-stop in California.
Leni
9
posted on
06/27/2012 11:47:46 AM PDT
by
MinuteGal
To: Oldeconomybuyer
Thats not true..all the city has now is 10s of thousands of poor illegal aliens and their families.
10
posted on
06/27/2012 11:49:43 AM PDT
by
samadams2000
(Someone important make......The Call!)
To: Oldeconomybuyer
The undervalued piece of the story...
The city has stopped making bond payments
This is going to have broad ramifications. The municipal bond market is going to dry-up because no one is going to take the risk of buying them anymore. This will have major repercussions for how local governments operate. It is also going to zap a lot of "the 1%" who were buying them to avoid taxes.
To: Oldeconomybuyer
STOCKTON DEMOGRAPHICS:The 2010 United States Census[12] reported that Stockton had a population of 291,707. The population density was 4,505.0 people per square mile (1,739.4/km²). The racial makeup of Stockton was 108,044 (37.0%) White, 35,548 (12.2%) African American, 3,086 (1.1%) Native American, 62,716 (21.5%) Asian, 1,822 (0.6%) Pacific Islander, 60,332 (20.7%) from other races, and 20,159 (6.9%) from two or more races. Hispanic or Latino of any race were 117,590 persons (40.3%).
Query: Did "Diversity" assist in the bankruptcy option?
12
posted on
06/27/2012 12:19:34 PM PDT
by
AEMILIUS PAULUS
(It is a shame that when these people give a riot)
To: Oldeconomybuyer
Anyone with a brain can figure what the demographic breakdown is in Stockton CA. That city is a real sh#t hole; gangs, drugs and crime. I'm not in favor of our military policing our streets but I surmise that's what it will take to cleanup that city.
To: Buckeye McFrog
The city has stopped making bond paymentsBut I'm sure the city is still making those outrageous payments to CALPERS so that its retired firemen, policemen, and other retirees can continue to live high off the hog in the meantime.
To: Uncle Chip
CALPERS payments go toward future benefits, not current retirees.
15
posted on
06/27/2012 12:39:11 PM PDT
by
ArmstedFragg
(hoaxy dopey changey)
To: Oldeconomybuyer
It is a preview what is about to happen to all of California.You can not continue to spend and spend after you have a shrinking income because there is not enough money to pay Democrats’ folly.
To: Oldeconomybuyer
It is a preview what is about to happen to all of California.You can not continue to spend and spend after you have a shrinking income because there is not enough money to pay Democrats’ folly.
To: Buckeye McFrog
The city has stopped making bond payments Which is not to say that the city has stopped paying outrageous pension benefits.
These people won't get it.
18
posted on
06/27/2012 12:54:12 PM PDT
by
Carry_Okie
(The Slave Party: advancing indenture since 1787.)
To: Buckeye McFrog
...The city has stopped making bond payments... All 0bama's "stimulus" did was delay the pain. Cities and States took his bribe money, continued their reckless spending, and are now paying the price. Unfortunately, Stockton is the tip of the iceburg.
19
posted on
06/27/2012 1:43:01 PM PDT
by
Oldeconomybuyer
(The problem with socialism is that you eventually run out of other people's money.)
To: Steely Tom
I thought we had market cornered on idiot Mondales here in MN.
20
posted on
06/27/2012 2:07:05 PM PDT
by
TurboZamboni
(Looting the future to bribe the present)
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