As someone living in this F’d up state, I hope more cities go bankrupt. In fact, I hope the entire state goes bankrupt. And I don’t want to see one dime of federal money to bail us out. Maybe the idiots who keep voting the commies in office will eventually wise up. Yeah.....maybe.
BAIN capital’s fault...that and the fact that Romney refuses to release his entire life’s worth of tax returns, it’s no wonder why so many California cities are declaring bankruptcy.
Summer of recovery!!!
Whenver a city is in the news for financial distress, I like to look at City Data, to get some demographic information...incomes, crimes, avg age....
...and then I found this:
Hispanic - 65%
Black -32.1%
White - 0.8%
Talk about being a minority!
Straight outta money!
Cities in California are declaring bankruptcy on a daily basis, primarily due to overly-generous union contracts, particularly for retirees. Liberal Detroit looks like Port au Prince, Haiti. The social democracies of Europe, epitomized by Greece and Spain, are completely broke and largely dysfunctional. So, the clear message that liberals infer is to emulate these economies, rather than that of Texas, or Singapore.
“the White Guy’s guide to driving in L.A.”
Rule #1 - don’t get off on any exit you have heard mentioned in a rap song.
Inglewood is up to no good.
Get straight OUT of Compton.
California seems to have plunked down all of their bets on a second Obama term and the Mother of All Bailouts.
Note that the first thing they consider doing is to default on their municipal bonds rather than default on payments to CALPERS where all the people who caused this bankruptcy are living high off and on the hog, and where they intend to escape to after finishing off the city.
Wiki on Compton.
http://en.wikipedia.org/wiki/Compton,_California
From reading the wiki it looks like Compton was a great place to live until the 1960s. But the Amish moved in...
and where ever a cursed people go they end up trashing that place.
Years ago San Diego should’ve filed for bankruptcy to break the untenable and underhanded giveaways to public employee unions.