[Zathras]

I wish them luck but the only Union more powerful then the NEA is CalPERS.
UAW isn’t even close.

[SandRat]

May this same Voter Result sweep across the Nation.

[Graybeard58]

San Bernardino is likely to set precedent on whether retirees or Wall Street bondholders suffer the most when a city goes broke.

Reworded slightly for liberals:

San Bernardino is likely to set precedent on whether retirees or evil Wall Street bondholders suffer the most when a city goes broke.

I wonder if Suze Orman is still reccomending Muni Bonds?

[SMARTY]

So little, so late.

[Durbin]

Being that I live in California (Riverside County), hopefully this is a sign of things to come in the state.

[iacovatx]

Too late to make the fix and easy fix. Now the damage has to be repaired. The California voters chose to get into this mess.

[Bon of Babble]

There's also a story out today that residents of Los Angeles County are fleeing to San Bernadino:

"Why are People Fleeing Los Angeles for San Bernadino?"

I'm surprised every time I drive to Vegas or Palm Springs how much development is going on in SB. People are moving further and further out as the cost of housing continues to soar in LA -- and the quality of life continues to decrease.

http://la.curbed.com/archives/2014/02/why_are_people_fleeing_los_angeles_for_san_bernardino.php

[Organic Panic]

California is in a LOT of trouble. This drought is going to destroy what’s left of any of these struggling cities.

[bert]

re Calpers: ignore them

Don’t pay them any more, any thing.