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Not unexpected, but a surprise that they rushed to file BK, ahead of lawsuit filings by the cities unions....

HOPEY-CHANGEY!!

1 posted on 08/01/2012 8:47:15 PM PDT by tcrlaf
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To: tcrlaf

75% of the City’s costs are for salaries and benefits.


2 posted on 08/01/2012 8:50:51 PM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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To: tcrlaf

Don't you worry.

That high-$peed rail will fix everything all up. < |:/~

3 posted on 08/01/2012 8:51:35 PM PDT by martin_fierro (< |:)~)
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To: tcrlaf
The big question is, will those running the city resign and forfeit their government pensions due to reckless mismanagement?

How about the fraud perpetrated by those in city government.

Where are the criminal charges?

5 posted on 08/01/2012 8:57:03 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: tcrlaf

California once again leading the way! What is it the libs in the “media” like to say, “As California goes, so goes....”


6 posted on 08/01/2012 8:57:42 PM PDT by FlingWingFlyer (The NRA did not create James "The Joker" Holmes. Harvey Weinstein's Hollywood did.)
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To: tcrlaf

Yay!


7 posted on 08/01/2012 8:57:59 PM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
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To: tcrlaf

Maybe they can get a GM style bailout.

Build thousands of electric battery-operated fire trucks and owe us taxpayers $50 billion.


9 posted on 08/01/2012 9:02:15 PM PDT by quantim (Victory is not relative, it is absolute.)
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To: tcrlaf

It’s only a billion bucks.....they couldn’t call “CareOne” credit counselors?


11 posted on 08/01/2012 9:02:50 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: tcrlaf

Government should never be allowed to go into debt, especially local ones.


14 posted on 08/01/2012 9:09:15 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: tcrlaf

1 billion, WOW! I remember in the 50’s when that burger joint on E St put up the sign “we have served over one million” and thought that was a lot.


17 posted on 08/01/2012 9:15:54 PM PDT by TruthWillWin (The problem with socialism is that you eventually run out of other peoples money.)
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To: tcrlaf

Will anyone say Merredith Whitney was correct?


18 posted on 08/01/2012 9:16:28 PM PDT by blam
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To: tcrlaf

San Bernardino is a craphole with many areas you dare not drive through, even in the daytime. I think it is the Calif murder capital.


22 posted on 08/01/2012 9:20:10 PM PDT by doug from upland (Just in case, it has been reserved: www.TheBitchIsBack2012.com)
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To: tcrlaf

They should invest in a few Chick-Fil-A franchises and pay that debt off.


28 posted on 08/01/2012 9:40:53 PM PDT by Doomonyou (Let them eat Lead.)
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To: tcrlaf

WHOOPSEY


29 posted on 08/01/2012 9:41:10 PM PDT by HANG THE EXPENSE (Life's tough.It's tougher when you're stupid.)
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To: tcrlaf
Get ready.

Things are only going to get worse (everywhere):

Facebook Stock Crash Hoses California's Tax Revenue

30 posted on 08/01/2012 9:46:21 PM PDT by blam
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To: tcrlaf
San Bernardino filed for bankruptcy protection on Wednesday citing more than $1 billion of debts and making it the third California city to seek protection from creditors.

Poor, poor San Berdoonians. If only they had more infrastructure and sustainable whatever thingies.

.

32 posted on 08/01/2012 9:48:10 PM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: tcrlaf

I wonder if they will move the county seat?


37 posted on 08/01/2012 10:28:17 PM PDT by Mike Darancette (Obamaid has to go.)
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To: tcrlaf
Maybe it's time for a "new" paradigm...?

An American Experiment in Anarcho-Capitalism: The Not So Wild, Wild West

60 posted on 08/05/2012 6:20:55 AM PDT by Gritty (It's either Obama and the Democrats or America. You can't have both. - Rush Limbaugh)
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