To: The Magical Mischief Tour
What’s the alternative for these cities?? Default, lock the doors, and go out of business??
2 posted on
06/02/2010 7:18:06 PM PDT by
Uncle Ike
(Rope is cheap, and there are lots of trees...)
To: The Magical Mischief Tour
And here I thought that Bankruptcy was a Federal filing.
To: The Magical Mischief Tour
This could raise an interesting constitutional question. Can a state bar or inhibit a municipality from filing under the federal bankruptcy statute? Very interesting.
6 posted on
06/02/2010 7:29:36 PM PDT by
cdcdawg
To: The Magical Mischief Tour
To: The Magical Mischief Tour
This really is like King Canute and the tide coming in. Is the government powerful enough to change reality?
Health care reform might be a great success if the government would just bar people from dying.
To: The Magical Mischief Tour
California is one hilarious place.
To: The Magical Mischief Tour
While they’re at it, why not pass a law banning unemployment?
13 posted on
06/02/2010 8:30:08 PM PDT by
Hoodat
(.For the weapons of our warfare are mighty in God for pulling down strongholds.)
To: The Magical Mischief Tour
Almost certainly a violation of the Supremacy Clause. Bankruptcy is controlled exclusively by federal law; no state or local government may pass a law adding additional burdens to any would-be debtor.
14 posted on
06/02/2010 8:31:40 PM PDT by
pogo101
To: The Magical Mischief Tour
The California Legislature today passed a bill declaring all California cities solvent with a cash surplus.
Los Angeles city government heaved a collective sigh of relief knowing their financial problems were over and they could go on spending as before.
16 posted on
06/02/2010 8:54:59 PM PDT by
count-your-change
(You don't have be brilliant, not being stupid is enough.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson