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San Bernardino Bankruptcy Case Could Affect Detroit Pensions
breitbart.com ^ | August 25,2013 | William Bigelow

Posted on 08/25/2013 6:30:39 PM PDT by NoLibZone

Federal bankruptcy judge Meredith Jury is expected to rule Wednesday on the city of San Bernardino's eligibility for bankruptcy protection after it ceased payments to the California Public Employees' Retirement System (Calpers) last year.

The outcome of San Bernadino's case could have a huge ripple effect on cities declaring bankruptcy, most notably Detroit.

(Excerpt) Read more at breitbart.com ...


TOPICS: Crime/Corruption
KEYWORDS: citydebt; penions; statedebt
The DNC will bail out each and every DNC held enclave that fails.

People in fly over country and their kids shall pay for the vote buys done in DNC lands.

United we stand and divided we fell.

Rather than mock California, the conservatives should have rallied.

We are the weakest generation the nation has yet produced.

1 posted on 08/25/2013 6:30:39 PM PDT by NoLibZone
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To: NoLibZone

Unfortunately there are hundreds of medium ans small cities all across flyover country that are in just as bad shape.

Just last week the emergency manager of Saginaw Michigan announced that the city was ready to be returned to elected hands. They didn’t go bankrupt but they were close. The city cut the number of full time employees from 500 to 20. Most of those employees are still working but were transferred to private companies contracting with the city. Those contractors are working out better options for retirees.


2 posted on 08/25/2013 6:37:35 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: NoLibZone
Michigan Pension Reform: A Model for the Nation
3 posted on 08/25/2013 6:41:29 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: NoLibZone
Rather than mock California, the conservatives should have rallied.

Only California can elect their reps. Don't blame conservatives in other states.

/johnny

4 posted on 08/25/2013 6:45:44 PM PDT by JRandomFreeper (Gone Galt)
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To: NoLibZone
yes....we are weak....we couldn't even dethrone the idiot....we had freepers campaigning for him for pete's sake..

a strong people of character do what has to be done for the greater good....we can't seem to get that done...

5 posted on 08/25/2013 7:23:32 PM PDT by cherry
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To: cherry
.we had freepers campaigning for him for pete's sake..

Really? I didn't see anyone campaigning for him.

I did see a lot of people saying they wouldn't vote for the liberal(R).

/johnny

6 posted on 08/25/2013 7:31:18 PM PDT by JRandomFreeper (Gone Galt)
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