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07-11-2012, 06:29 PM
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#1
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Bankruptcy in Calif. cities
Just heard that San Bernadino just filled chapter 9 bankruptcy today.
Not sure how many that makes in the past year but "It ain't lookin good Lucy"
I would guess it's just a matter of time before the state follws suit. Then you will see the result of years of mismanagement and illegal immigration into this once proud state.
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Keep your powder dry boys.
Things are gonna get rough.
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07-11-2012, 06:53 PM
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#2
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May you live in interesting times...
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I wish California would just slide off the map, and give the decent Arizonans some beachfront property.
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America has fought wars across the globe, because we kept our firearms while others let dictators take theirs...
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07-11-2012, 07:01 PM
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#3
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Deader Bears=Better Bears
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Location: BFE,Mississippi
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Wasn't Orange County, CA the test case or origin of Chapter 9?
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Dead Bears, the only good kind.
GANDER MOUNTAIN OF HATTIESBURG, MS IS OVERPRICED, HAS LOUSY CUSTOMER SERVICE, & SELLS BEAT UP PISTOLS TO LITTLE OLD LADIES AS "NEW". :p
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07-11-2012, 07:22 PM
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#4
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What the hell am I doing?
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Join Date: Jul 2012
Location: Central Mississippi
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Quote:
Originally Posted by orangello
Wasn't Orange County, CA the test case or origin of Chapter 9?
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No Chapter 9 for municipalities came about back during the great depression.
In 1994 Orange County was the largest municipal bankruptcy until Jefferson County (AL) filed in 2011.
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07-11-2012, 07:25 PM
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#5
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10-32
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Join Date: Feb 2012
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Does that make this the great recession?
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No Longer affiliated with Old Mill Gun Shop
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07-11-2012, 07:27 PM
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#6
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What the hell am I doing?
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Join Date: Jul 2012
Location: Central Mississippi
Posts: 435
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I think this is more than a recession mm13. If it keeps going the great depression will look like a cakewalk.
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07-11-2012, 07:31 PM
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#7
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10-32
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Quote:
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Originally Posted by Gone_South
I think this is more than a recession mm13. If it keeps going the great depression will look like a cakewalk.
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I would imagine the truth of the matter is that it is already worse. People just don't realize.
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No Longer affiliated with Old Mill Gun Shop
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07-11-2012, 07:36 PM
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#8
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I'd rather my own son see me die on my feet as a free man, than watch him go, broken, into slavery.
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Quote:
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Originally Posted by Gone_South
I think this is more than a recession mm13. If it keeps going the great depression will look like a cakewalk.
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Quote:
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Originally Posted by mountainman13
I would imagine the truth of the matter is that it is already worse. People just don't realize.
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I'm almost proud to be able to say as an old man (I'm still young yet), that I've endured some of the same hardships as my Grandfather. It also kind of saddens me though. As a country and as a people, we should have learned from our past mistakes.
__________________
Come if you must, but only if you must. For the day you find yourself upon my step, will surely be the night you find peace along Jordan's edge.
I firmly believe that any man's finest hour, the greatest fulfillement of all that he holds dear, is that moment when he has worked his heart out in a good cause, and lies exhausted on the field of battle... Victorious.
Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats.
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07-11-2012, 07:52 PM
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#9
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Join Date: Oct 2010
Location: Lake Havasu,Arizona
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3rd city this year in the PRK. Mammoth, Stockton and now San Bernadino. California is beyond broke and they still have no clue on how to manage an economy. They should require an MBA to run for office. They also need to shut down all the entitlement programs. They have driven out almost all their business base and wonder why they dont have tax money coming in.
Anybody that believes the government unemployment statistics is living in Fantasy Land. We are past being in a recession by the standards used in the last depression.
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"I would not be an old man if I had not been an armed young man." JTJ
Patron Member NRA
"If you have always believed that everyone should play by the same rules and be judged by the same standards, that would have gotten you labeled as a radical 60 years ago, a liberal 30 years ago and a racist today"
Thomas Sowell
Last edited by JTJ; 07-11-2012 at 07:55 PM.
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07-11-2012, 10:26 PM
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#10
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Join Date: Nov 2010
Location: Greenwood,S.C.
Posts: 1,454
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Quote:
Originally Posted by JTJ
3rd city this year in the PRK. Mammoth, Stockton and now San Bernadino. California is beyond broke and they still have no clue on how to manage an economy. They should require an MBA to run for office. They also need to shut down all the entitlement programs. They have driven out almost all their business base and wonder why they dont have tax money coming in.
Anybody that believes the government unemployment statistics is living in Fantasy Land. We are past being in a recession by the standards used in the last depression.
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Please, no MBA's. They would just give themselves a huge bonus before saving the state money by declaring bankruptcy. I agree with your point though. 
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