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San Bernardino Could Make Three California Cities to File Bankruptcy; Unions are Culprit

sarchibald-mcgreggor Wrote: Jul 11, 2012 7:24 PM
Wait for it,...the pop of the largest county in the country,..goes pop,..right along with the city,..It is really about miss-managing of funds,,too many crooks and not enough citizens to pay for it,..

When you see headlines like this: San Bernardino, California, Weighs Chapter 9 Bankruptcy, you know 100% without a doubt the city is bankrupt, and the only question pertains to the filing.

From the Bloomberg headline story ....

San Bernardino may become the third California city in two weeks to file for municipal bankruptcy protection, as it struggles with declining tax revenue, growing employee costs and ill-timed public-works projects.

The City Council is to consider authorizing the city attorney to file a Chapter 9 petition at a meeting late today, said Gwendolyn Waters, a spokeswoman. A decision was possible tonight, though unlikely,...
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