Stockton, California Goes Belly Up
On today's edition of Coffee and Markets , Brad Jackson and Ben Domenech are joined by Cate Long to talk about the bankruptcy of Stockton, California, the battle the city now faces with the state's retirement system and the latest infrastructure spending by the Obama administration.
Join the discussion below, or Read more at RedState.
#1 Apr 2, 2013
Great Job Stockton..... Another well managed public entity that's sole purpose is to receive outrageous compensation for running themselves into bankruptcy. I know, the solution is to RAISE TAXES. I truly am not only making this statement in regards to Stockton, but rather the ENTIRE public sector who continues to participate in such absolute greed. These so called people believe they deserve their pensions. Greed, corruption, mismanagement, and absolute unaccountable behavior which I am sure is legal. It would be nice to make all the rules for my benefit. Evolution at its best...
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