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(CBS News)   CBS News report says Stockton, California will be the largest city ever to file for bankrupcy. In other news, CBS believes that Stockton is larger than Cleveland, Ohio   ( divider line
    More: Fail, U.S., Central Falls, economists, bankruptcy  
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3535 clicks; posted to Main » on 27 Jun 2012 at 11:33 AM (5 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2012-06-27 11:53:20 AM  
4 votes:
Stockton, Calif. could become the largest American city ever to file for bankruptcy on Wednesday.

Subby, Cleveland filed on a Thursday.

/reading comprehension - what is it?
2012-06-27 11:47:45 AM  
2 votes:
Ah, Stockton. The Central Valley's answer to Oakland.
2012-06-28 02:51:28 AM  
1 vote:
I've lived in San Francisco for 17 years, and yes, California does deserve everything that's coming to it. While everyone points partisan fingers and assigns blame, it's more likely to revert to being the 32nd Mexican state...not that I think it should or fear it will, it just seems a likely scenario. As far as I can see, apart from the Chinese, Latinos are the only ones who have any sort of recognizable family structure, work ethic, simple domestic peace and stability that is prerequisite for any civil society to continue to exist.

The rest are drifters: spoiled rich kids from elsewhere, deluded Gold Rush tech bubble ignoramii who think their "skills" won't soon be made obsolete, that the next little coders and marketing whores won't be raised up and ready to price them out of their studio apartments. And that they won't be selling shiat online to Americans. On the other side of the coin is generational Welfare poverty, the HUD section 8 baby-daddy rejects, gangbangers, dealers and addicts. Let's not forget the navel-gazers, bliss ninnies, foodies, winos, hobbyists, and snobs of all varieties. And of course those who think their sexual preference, confused gender identity, and/or their victimization for being a member of Maligned Group X makes their life so much more precious and real than who are too busy working for a living. Finally, we can't forget the Poverty Pimps, "blessed are the poor, for they will always be with us, and you will always have a job": the social workers, the do-gooders, the victims, and their sponsors. So it's those folks, and the farking Gettys and their ilk, who throw a Gala for all the little people in the Tenderloin and get to feel good about themselves. Because they care, you know.

I'm so utterly through with it I don't care if it shakes and burns to the ground while I'm still here. Because I, too, fit into at least one of the groups I listed above--I am part of the problem and have it coming just as much as any other lazy farker who moved here from the sticks with some hippie notion of rockstardom or reinventing themselves in magic happyland noodling their soul. You were lied to. Go home.

I hope whatever apocalypse which comes takes every useless pencil pusher retiring at age 55 in Sacramento with it.

It rightfully should become a satellite of the PRC and the whole lot should be handled the way Mao would've done it, with a mass grave.

Flush it, it's done.
2012-06-27 05:43:27 PM  
1 vote:
Approves Full Size
2012-06-27 12:04:35 PM  
1 vote:

dosboot: Without looking, I'm betting Stockton is run by Democrats. Just like Detroit, Harrisburg, Cleveland, Camden, etc.

I'm betting the dosboot fark handle is run by a troll.
2012-06-27 11:57:36 AM  
1 vote:
Without looking, I'm betting Stockton is run by Democrats. Just like Detroit, Harrisburg, Cleveland, Camden, etc.
2012-06-27 11:57:31 AM  
1 vote:
Sorry, that's "TOLD her she was crazy and irresponsible"
2012-06-27 11:57:21 AM  
1 vote:

socalnewwaver: Gentoolive: Califonia deserves everything that happens to it..

sadly, i can't disagree with you. between the corrupt democratic legislature, the incompetent voters (high speed rail? are you kidding me?), and the gerrymandered districts, we have to be the worst run state in the nation.

Y'all obviously have never spent anytime in Illinois. California is bad, but it's a statewide sport in Illinois.
2012-06-27 11:56:13 AM  
1 vote:
Check out CA's projected pension shortfalls.

Liberals, they know economics!
2012-06-27 11:50:52 AM  
1 vote:
Califonia deserves everything that happens to it..
2012-06-27 11:48:10 AM  
1 vote:

Fish in a Barrel: namatad: Angry Drunk Bureaucrat: Did Cleveland really file for Bankruptcy or is Subby just being snarky?

defaulted 30 years ago ... talked about filing in 2009?

doesnt this solve all the cities and states problems??
file for bankruptcy, screw the tards who gave you the loans in the first place, screw the voters who thought you were doing a good job when you borrowed the money in the first place, no one gets hurt.

well, no one who doesnt deserve it.

So people who bought muni bonds deserve to lose their money?

Investment is a form of risk.
2012-06-27 11:03:14 AM  
1 vote:
Oh, please... Stockton was bankrupt long before they ran out of money

/visit it sometime
2012-06-27 10:59:54 AM  
1 vote:
I went to Stockton's website because I wanted to see their budget.

The PDF is 71mb.

Apparently their pensions aren't the only bloated thing in Stockton.
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