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Cash-strapped Stockton (CA) votes to file for bankruptcy
San Francisco Chronicle ^
| 03:26 p.m., Wednesday, June 27, 2012
| Kevin Fagan
Posted on 06/27/2012 9:25:58 PM PDT by Olog-hai
click here to read article
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1
posted on
06/27/2012 9:26:13 PM PDT
by
Olog-hai
To: Olog-hai
Obama world-more to come!
2
posted on
06/27/2012 9:30:58 PM PDT
by
Empireoftheatom48
(Let's get the hell rid of Zero)
To: Olog-hai
"I planned my retirement around that medical insurance, and now they pull the rug out from under us."Welcome to the club, bro--we've been saving seats for you guys for a few years now.
3
posted on
06/27/2012 9:31:57 PM PDT
by
randog
(Tap into America!)
To: Olog-hai
Al the while we capt saying you cant afford to offer that, they kept on hiring and offering.
Take the needed money from the DNC to make good on the retirements.
Sadly the Dems have always know that the FED will cover the ridiculous DNC spending done here in CA.
4
posted on
06/27/2012 9:36:59 PM PDT
by
NoLibZone
(I trust Sarah Palin, Dick Cheney, Cain, Perry, Bachman : I trust their judgment on their 2012 pick.)
To: Olog-hai
It begins. More will follow.
Look for govt pension plans to be totally redone and greatly reduced. It’s what is killing many many cities, huge employee pensions that employees hardly have to put anything into, if at all.
Declaring bankruptcy is the only way cities can legally change a govt pension plan.
5
posted on
06/27/2012 9:39:16 PM PDT
by
Secret Agent Man
(I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
To: Olog-hai
From the article...
Before the vote, retired police Officer Nicholas Huerta, 57, summed up the feelings of his fellow retirees and said he won't be able to afford his medical insurance if the city reduces its $1,500 monthly contribution.What kind of insurance costs $1,500 a month? I've got a great plan and the cost for my wife and I is $750.00 a month.
Need some help here, what am I missing on this one.
6
posted on
06/27/2012 9:41:59 PM PDT
by
gunsequalfreedom
(Conservative is not a label of convenience. It is a guide to your actions.)
To: randog
Welcome to the club, bro--we've been saving seats for you guys for a few years now. Great comment. Says a lot in very few words.
7
posted on
06/27/2012 9:45:32 PM PDT
by
gunsequalfreedom
(Conservative is not a label of convenience. It is a guide to your actions.)
To: Olog-hai
This is the case all over the country. City after city, every dime that comes in goes to support retired employees. And they are not the bad guys. The bad buys made the promises and didn’t fund them and they are long gone.
So what do you do? God knows but of the retirees aren’t willing to take less they are going to end up with nothing.
8
posted on
06/27/2012 9:47:16 PM PDT
by
DManA
To: gunsequalfreedom
What kind of insurance costs $1,500 a month? I’ve got a great plan and the cost for my wife and I is $750.00 a month.
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
It must cost more than that because he says he can’t afford it if the city reduces its 1500 monthly contribution and we know the Union is probably matching the city funds (YEAH RIGHT) plus what he puts in.. oh yes, it looks like he is retired at 57, probably with a sweetheart deal also.
Like Rev Wright said “The chickens is comin’ home to roost”.
It must include vet bills for your pets and some extra vacation in there....
9
posted on
06/27/2012 9:49:10 PM PDT
by
xrmusn
(6/98 "Hopefully this administration is a "bad dream" - think the Newhart show.")
To: randog
These people think they worked hard and I don’t deny they did but they did not create any wealth.
And this is the core problem. They consume more then they produced.
10
posted on
06/27/2012 9:51:14 PM PDT
by
DManA
To: Olog-hai
Don’t send Texas the bill.
11
posted on
06/27/2012 9:52:06 PM PDT
by
mylife
(The Roar Of The Masses Could Be Farts)
To: NoLibZone
California is doing OK because revenue is growing 20 times faster than spending.
Debt is decreasing and the state economy is growing.
To: DManA
City after city, every dime that comes in goes to support retired employees. And they are not the bad guys. The bad buys made the promises and didnt fund them and they are long gone.Exactly!
13
posted on
06/27/2012 9:59:33 PM PDT
by
gunsequalfreedom
(Conservative is not a label of convenience. It is a guide to your actions.)
To: Secret Agent Man
Heck...all of Oregon is heading that way...
14
posted on
06/27/2012 10:16:14 PM PDT
by
goodnesswins
(What has happened to America?)
To: xrmusn
We have a plan thru the company my husband took early retirement from...costs us over $1000 a month for 2...we’re thinking of dropping it...since most of our bills aren’t covered anyway...it’s just hard to find catastrophic that is much cheaper than that.
15
posted on
06/27/2012 10:17:55 PM PDT
by
goodnesswins
(What has happened to America?)
To: Olog-hai
It looks like Barry’s “recovery” is kickin’ in.
16
posted on
06/27/2012 10:20:23 PM PDT
by
FlingWingFlyer
(America! The big pinata!)
To: Olog-hai
All U.S. cities need conservatism in them, very badly!
17
posted on
06/27/2012 10:25:20 PM PDT
by
johnthebaptistmoore
(The world continues to be stuck in a "all leftist, all of the time" funk. BUNK THE FUNK!)
To: moonshot925
California is doing OK because revenue is growing 20 times faster than spending
Debt is decreasing and the state economy is growing...Does the home know that you've escaped, doofus?
18
posted on
06/27/2012 10:26:33 PM PDT
by
publius911
(Formerly Publius 6961, formerly jennsdad)
To: moonshot925
California is doing OK because revenue is growing 20 times faster than spending
Debt is decreasing and the state economy is growing...Does the home know that you've escaped, doofus?
19
posted on
06/27/2012 10:26:49 PM PDT
by
publius911
(Formerly Publius 6961, formerly jennsdad)
To: gunsequalfreedom
And they are not the bad guys. The bad buys made the promises and didnt fund them and they are long gone.Of course the greedy unions are just as bad, or worse, than the idiots who agreed to absurd future benefits. They simply assumed that, whether future taxpayers could afford the absurd benefits or not, they would be forced to pay anyway.
Wrong, you idiots.
Simple math easily demonstrates that the agreements were impossible. Some were pointing it out and were summarily ignored.
The greedy's reach always exceeds their grasp.
And they continue indignantly to shrilly whine that they are the victims in the fraud or the incompetence.
20
posted on
06/27/2012 10:35:38 PM PDT
by
publius911
(Formerly Publius 6961, formerly jennsdad)
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