Stockton bankruptcy decision only the...

Stockton bankruptcy decision only the beginning

There are 6 comments on the Seattle Times story from Apr 1, 2013, titled Stockton bankruptcy decision only the beginning. In it, Seattle Times reports that:

For the people of Stockton, a federal judge's anticipated decision Monday on the city's bankruptcy petition will affect their day-to-day lives for decades to come.

Join the discussion below, or Read more at Seattle Times.

Since: Feb 07

Location hidden

#1 Apr 1, 2013
Upside Down counties should look closely at this, with the collapse in Cyprus cue to Washington, Stockton is the local, 'Too Big To Fail'.
Robert

Lithia Springs, GA

#2 Apr 1, 2013
People will look at this and understand that you can not keep living on what you don't have that you can not borrow large percentages of what you spend without it eventually catching up to you. But somehow the math in their head will not let them apply the same lessons to the US Federal government.

Somehow they think they will be immune the the spending problem, like it can't happen as long as your overspending is caused by spending noble things like healthcare, can it.
Ninthman

“Obama Shames the USA”

Since: Apr 09

Location hidden

#3 Apr 1, 2013
California liberal democrats. Dismal failures and should be held up as the ultimate losers to our youth. They must realize what losers Obama and the democrats really are in reality. The young should be taught what horrible losers the democrats really are. They should be taught now.

Since: Feb 07

Location hidden

#4 Apr 1, 2013
The InternationalistAgenda is to recruit and make every issue, 'To Big Too Fail'. And if that doesn't work, bend a judge to invalidate the election.

Since: May 12

Location hidden

#5 Apr 1, 2013
Yep.....Change is coming!

Since: Dec 07

Athens, TX

#6 Apr 1, 2013
Funny.........all these California cities going broke gave promises of huge retirement portfolio's...based on the tax income from the dot.com indutsty. Of course we all know that the dot.com went bust and the collapse of the bubble took place during 2000-2001. Some companies, such as Pets.com , failed completely. Others lost a large portion of their market capitalization but remained stable and profitable, e.g., Cisco, whose stock declined by 86%. Some later recovered and surpassed their dot-com-bubble peaks, e.g., Amazon.com , whose stock went from 107 to 7 dollars per share, but a decade later exceeded 200.

This was how Clinton based his bogus surplus on...

When the money didn't materialize....the left blamed Bush.

This must be hard for the people of California..but it's nice to see the truth coming out month by month. The speculative massive spending by the left is finally catching up with them.

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