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"Bankrupting" Public Unions

Just_aJoe Wrote: Apr 02, 2012 3:37 PM
Yea! The public sector worker gave us the strangling regulations that have given us huge gas prices, exorbitant food prices, and a business environment that is unsustainable. So many regulations that EVERYONE is a criminal that breaks a multitude of laws every day.

Distressed cities are finally doing what they should have been doing long ago, declaring bankruptcy to force concessions from public unions. Numbers are still a trickle, but at soon as a major city such as Oakland or LA selects that option, we will likely see a torrent of municipal bankruptcies.

At a packed, two-day conference on municipal woes sponsored by Michael Stanton, the publisher of The Bond Buyer Distressed Cities Discuss Bold Tactics in a New Fiscal Era.

The conference was devoted to a discussion of the strengths and weaknesses of the more powerful tools being used in many...

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