Which towns are next to be strangled?
There is a legal alternative to bankruptcy...not paying one’s bills and then the creditors win their lawsuits and collect your assets until you have nothing left. Now I wonder if creditors of CA can collect state owned property through court actions.
They need to change fed and state laws to enable states to reduce pensions and wages to make them on par with the private sector.
Wait till John and Ken from KFI Radio hear about this on Tony Villar comments
This might be every city’s future.
The nation is going to have to make some hard decisions now, before it gets to the point of who gets food and who doesn’t.
Since Hollywood celebrities is so keen on socialism, let THEM bailout Los Angles.