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  #1  
Old 04-01-2013, 07:11 PM
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Default Too Big to Fail Act 2

City municipalities across California are holding their breaths...
Why?
To see how they can soak taxpayers, of course
Stockton California has been declared bankrupt and now the history starts...
Who gets first crack at what's left in the piggy bank?
http://www.foxnews.com/politics/2013...ipality-to-go/
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Old 04-01-2013, 07:27 PM
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Originally Posted by MKPA View Post
City municipalities across California are holding their breaths...
Why?
To see how they can soak taxpayers, of course
Stockton California has been declared bankrupt and now the history starts...
Who gets first crack at what's left in the piggy bank?
http://www.foxnews.com/politics/2013...ipality-to-go/
Insane pensions. They need to be allowed to rot into the ground.
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Old 04-01-2013, 11:05 PM
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Poor management by the city leaders to offer the insurance for life plus one dependent.
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Old 04-02-2013, 07:23 AM
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The whole state of California has been living in LA LA land for so long they don't understand that they will have to pay for all these outstanding retirement benefits. With luck, these cities will be able to restructure their pension plans to bring them down to earth and allow the tax payers to be able to afford them.
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Old 04-02-2013, 07:56 AM
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The whole state of California has been living in LA LA land for so long they don't understand that they will have to pay for all these outstanding retirement benefits. With luck, these cities will be able to restructure their pension plans to bring them down to earth and allow the tax payers to be able to afford them.
You're suggesting that California do something that makes sense? What ARE you thinking??!!
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Old 04-02-2013, 01:47 PM
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RR, I said with luck. I understand California is totally out there and I was trying to give them the benefit of a doubt.
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Old 04-02-2013, 03:53 PM
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We should give California back to Mexico.
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Old 04-02-2013, 05:29 PM
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We should give California back to Mexico.
Mexicans are smarter than that.
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Old 04-02-2013, 06:24 PM
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I don't think they are, they have a very large population of Mexicans living in California and they keep coming in day after day.
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Old 04-02-2013, 09:18 PM
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I don't think they are, they have a very large population of Mexicans living in California and they keep coming in day after day.
But if we give it to Mexico, it'll still be just as broke, but nobody'll be printing Monopoly money to bail 'em out.
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