STOCKTON - DEAD CANARY IN THE CALIFORNIA COALMINE

This story goes hand in hand with the PA pension story. Stockton is the dead canary in the coalmine. Over the next 5 to 10 years localities will be filing bankruptcy by the boatload because the money to pay for decades of promises is gone. For all the government drones out there, guess what happens in bankruptcy? That’s right. Your gold plated pensions and health benefits go poof. You get nada. So keep picketing and demanding more. You’ll get it. You’ll get it good and hard, just like you deserve.

I love the description of Stockton City Hall. It sounds delightful.



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