clevergirl
Gold Member
- Oct 22, 2009
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This is the signal for other states and cities to unload their "onerous" obligations~
Morning Examiner: Stockton bankruptcy just the beginning of California?s woes | WashingtonExaminer.com
In his findings of fact, Klein detailed how liberal big-spending policies, including major infrastructure investments, led directly to the largest municipal bankruptcy in the nations history. Kleins decision also singled out lavish employee benefits that were given on top of a multi-decade, largely invisible pattern of above-market compensation for public employees.
Morning Examiner: Stockton bankruptcy just the beginning of California?s woes | WashingtonExaminer.com