Posted on 08/02/2012 4:34:10 PM PDT by Free ThinkerNY
SAN BERNARDINO, Calif. (AP) -- Officials in San Bernardino, Calif., which is facing an expected $45.8 million budget deficit this year, have formally filed for Chapter 9 bankruptcy protection, a move that city leaders approved last month.
Interim City Manager Andrea Travis-Miller said Wednesday that there would be "no immediate service reductions or changes in service to the community as a result of the filing."
(Excerpt) Read more at hosted.ap.org ...
Cities, automobile companies, green energy companies... bankruptcy seems to be the zeitgeist of the Obama years.
How are they going to do that? Write rubber checks?
But, who is going to provide serivices to the city?
“no immediate service reductions or changes in service”
Must be able to make the payroll this week, anyway.
Ask old Jerry Brown for some money. Be sure to get cash, his checks aren’t worth anything.
DEFUND socialist collectives. DEPOPULATE socialists from the body politic. Socialists are about plunder and death. Stop bailing them out. It’s easy.
live - free - republic
I could care less what happens in-or-to any city in Califoreclosure. Just don’t ask me to bail their pathetic Sor-y A-s out.
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