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<blockquote data-quote="MAKAVELI" data-source="post: 1122294" data-attributes="member: 43825"><p>The only ones seeing those pensions and medical would be public safety and possibly management, not the general employees. Pretty common for local and state government in California. Again I will tell you they went bankrupt because they had no revenue coming in to pay their obligations. No jobs = no money being spent at local businesses= loss of more jobs= businesses being shut down= foreclosed homes= no tax revenue for the city. Understand? Stockton was already not the most desirable area to live. One of the highest murder rates in the country. And this domino effect just toppled that house of cards.</p></blockquote><p></p>
[QUOTE="MAKAVELI, post: 1122294, member: 43825"] The only ones seeing those pensions and medical would be public safety and possibly management, not the general employees. Pretty common for local and state government in California. Again I will tell you they went bankrupt because they had no revenue coming in to pay their obligations. No jobs = no money being spent at local businesses= loss of more jobs= businesses being shut down= foreclosed homes= no tax revenue for the city. Understand? Stockton was already not the most desirable area to live. One of the highest murder rates in the country. And this domino effect just toppled that house of cards. [/QUOTE]
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