Stockton, CA Goes Bankrupt
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Re: Stockton, CA Goes Bankrupt
by exploited » Tue Apr 02, 2013 7:33 am
Don't know enough about economics or Stockton to say anything other than how the f**k could a city of 300,000 possibly rack up that debt? That is insane.
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Re: Stockton, CA Goes Bankrupt
by Aaron » Tue Apr 02, 2013 10:19 am
If you did know anything about Stockton, or ever drove through there even once, you'd be suspicious as to why they hadn't filed decades earlier. That place is a cosmic shit hole.
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Re: Stockton, CA Goes Bankrupt
by Winchester » Tue Apr 02, 2013 12:22 pm
I've just seen the tip of the iceberg with a few who've flown CA to come here but holy shit the state pensions these retirees (in their late 50's/early 60's) get is astounding. The lowest one is $80k and the fella only had to do 25 years of service to get that (retired at age 52) the other CA pensions I've seen range from $100k-$120K. No frikken way pensions are not going to sink CA and many other states.
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Re: Stockton, CA Goes Bankrupt
by spacemonkey » Tue Apr 02, 2013 12:55 pm
The hardest part of doing nothing is knowing when your done.
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