Fat, dumb and happy yesterday; fat, dumb and unhappy today.
Quite a few people saw this [government and its puppet-master too big for its britches] coming. The only mysteries lie in the details of "when" and "how."
If you want to git yer britches in a wad, follow up on what these fine folks are considering:
Pacific Grove California Explores Bankruptcy Over Pension Issues
In an effort to rein in pension costs, Pacific Grove California Explores Bankruptcy.
If they are successful we better start building Bomb Shelters again.