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1 posted on 07/11/2012 6:16:36 AM PDT by SeekAndFind
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To: SeekAndFind

So goes California...so goes the nation. Sad!


2 posted on 07/11/2012 6:23:00 AM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: SeekAndFind

This should be great for business.

Not to mention all those small business’s contracted by the city that won’t get paid.

Hey Obama. Let’s raise taxes and do away with the Bush tax cuts. Lets raise the cost of Medicare too , and lets not forget bringing in more illegals to add to the cost.

America on the right track.

The right track to bankruptcy.


3 posted on 07/11/2012 6:26:45 AM PDT by Venturer
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To: SeekAndFind
Someone, some place, needs to be proactive and think about how a government can be run with minimal employees, minimal costs, and minimal services. It's not going to be a choice, so people should start planning for it now.

My personal belief is that law enforcement ought to be a do-it-yourself affair. With enough George Zimmermans, I think crime rates will be low -- but local governments have to accept that citizens will have to do a lot to protect themselves without risking prosecution.

4 posted on 07/11/2012 6:26:54 AM PDT by ClearCase_guy (Roger Taney? Not a bad Chief Justice. John Roberts? A really awful Chief Justice.)
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To: SeekAndFind
“People are not going to work when they don’t get paid. Most of our employees will not show up to work. That would include police, fire, refuse, everybody. The city will virtually shut down.”

Welcome to the real world, mr. City Attorney, where businesses fail and go bust when run by idiots, incompetents, or because of bad luck.

Fire the ones that don't show up, figure out a sustainable budget, and hire new ones. Fire the incompetents who made accounting errors. Live in the real world, and learn from the pain.

But alas, that's not going to happen. Some corrupt scheme of higher taxes, fees, strikes, bailouts, debt, bonds, whining, cries of racism, unfairness, et cetera by democrats will make the situation worse.

5 posted on 07/11/2012 6:37:01 AM PDT by ecomcon
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To: SeekAndFind
Who is John Galt Meredith Whitney?
8 posted on 07/11/2012 6:42:20 AM PDT by BipolarBob
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To: SeekAndFind

http://www.youtube.com/watch?v=y87px1zcYYk


9 posted on 07/11/2012 6:48:52 AM PDT by hkusp40
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To: SeekAndFind
The destruction of the greatest economy in the history of the world continues. Why anyone in their right mind would lend money to a city or state controlled by irresponsible lying politicians is beyond me. The bondholders will face huge losses. It will be interesting to see how much their bonds end up being worth. The cost of borrowing for all municipalities will increase.

Municipal workers may or may not show up for work. Homeowners and honest working citizens will be sitting ducks for criminals. I would fire any worker who didn't show up but I don't know what the legal restrictions are.

Businesses that supply the City will by denied payment. Some will probably lay off workers or close down. Home values will decline. Revenues will decline.

There are several other cities in California and other states in the same situation.

The State of California is effectively bankrupt.

The house of cards is falling apart. Once people realize how bad the situation is and stop lending to cities it will get much worse.

10 posted on 07/11/2012 6:50:00 AM PDT by detective
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To: SeekAndFind

Brown&Co.just need to raise more taxes that will fix everything like it has worked so well in the past.

/s


14 posted on 07/11/2012 7:53:06 AM PDT by Vaduz
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To: SeekAndFind

Just a few years back this was the fastest growing county in the nation.


15 posted on 07/11/2012 7:56:18 AM PDT by Uncle Chip
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To: SeekAndFind

“If the employees are not paid on Aug. 15, on Aug. 16 there will be a mass exodus of city employees,” City Attorney James Penman told the council before the vote. “People are not going to work when they don’t get paid. Most of our employees will not show up to work. That would include police, fire, refuse, everybody. The city will virtually shut down.”

Well, there’s always “the Scranton Solution”...

That is, reduce each and EVERY employee on the city’s payroll to the minimum wage...

Boy, are the democrats going to regret that the mayor of Scranton ever thought THAT one up!


18 posted on 07/11/2012 8:46:26 AM PDT by Road Glide
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To: SeekAndFind

The place is stuffed with illegals.


19 posted on 07/11/2012 11:25:37 AM PDT by little jeremiah (Courage is not simply one of the virtues, but the form of every virtue at the testing point. CSLewis)
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