Cities Bankrupt

Apr 2013
34,251
23,141
Left coast
#1
Front page on our newspaper was a report issued by the emergency manager appointed by the state to oversee Detroit. It was a pretty dismal picture he painted and it appears that Detroit is about to join a list of bankrupt cities.

City and Locality Bankruptcy Filings (7):
-- City of San Bernardino, Calif.
-- Town of Mammoth Lakes, Calf. (Dismissed)
-- City of Stockton, Calif.
-- Jefferson County, Ala.
-- City of Harrisburg, Pa. (Dismissed)
-- City of Central Falls, R.I.
-- Boise County, Idaho (Dismissed)
from Bankrupt Cities, Municipalities List and Map

Where will it end? What can be done?
 
Nov 2012
16,509
5,535
Michigan
#2
first, ban all unfunded govt pension plans for all employees

2nd. confiscate all the pensions of every one on both sides that ever negotiated these unfunded liabilities and jail the worst offenders

3rd. start firing people
 
Apr 2013
34,251
23,141
Left coast
#3
first, ban all unfunded govt pension plans for all employees

2nd. confiscate all the pensions of every one on both sides that ever negotiated these unfunded liabilities and jail the worst offenders

3rd. start firing people
I like it but whoever does those things might become very worried about the 2nd.
 
Sep 2012
7,519
1,547
Ventura CA
#5
Front page on our newspaper was a report issued by the emergency manager appointed by the state to oversee Detroit. It was a pretty dismal picture he painted and it appears that Detroit is about to join a list of bankrupt cities.

from Bankrupt Cities, Municipalities List and Map

Where will it end? What can be done?
Chicago......Los Angeles........one thing they all have in common; at some point you run out of other peoples money to spend and the rich move away.