We are likely to see the largest municipal bankruptcy in the history of America in the very near future.
What lessons can we learn from this?
Will Stockton ultimately benefit from taking this step? Will labor/public employees benefit?
Could it have been avoided by better planning, more reasoned negotiations by public employees, or other steps?
At what point should all discussions of insolvent governments, unfunfed pensions and tax increases include an analysis of municipal bankruptcy?
When is asking (demanding or threatening) the public to pay higher taxes simply a plea to throw good money after bad and push the problem down the road without likelihood of ever solving it ultimately costing the taxpayers more for the same outcome?
Are Stockton's problems more severe than Contra Costa's and local fire districts' problems, or just more mature?
Until these issues are discussed openly by our political leaders I will not support ANY tax increase. So, let's start that discussion now.
What can we learn from Stockton's bankruptcy?
Original post made by CCCTaxpayer, another community, on Mar 15, 2012
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