Wednesday, July 11, 2012

Municipal bankruptcies

In California: Mammomth Lakes, Stockton and San Bernadino have all recently filed for bankruptcy protection from the pension and salary demands of teachers, police, firemen and nurses.

North Las Vegas has its half million a year Corrections Lieutenant with a fifteen million dollar pension looming at his retirement. Scranton, Pennsylvania just changed all city employees to 7.25 an hour so as to avoid bankruptcy filing.

No comments: